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Water Sewer <br />Fund Fund Totals <br />OPERATING REVENUES <br />Charges for Services 294,672$ 311,182$ 605,854$ <br />OPERATING EXPENSES <br />Personnel Services 23,195 23,194 46,389 <br />Materials and Supplies 10,966 3,077 14,043 <br />Repairs and Maintenance 15,230 9,605 24,835 <br />Professional Services 34,771 35,964 70,735 <br />Insurance 2,441 4,251 6,692 <br />Utilities 13,006 18,263 31,269 <br />Miscellaneous 12,047 4,531 16,578 <br />Depreciation 68,882 65,703 134,585 <br />TOTAL OPERATING EXPENSES 180,538 164,588 345,126 <br />OPERATING INCOME 114,134 146,594 260,728 <br />NONOPERATING REVENUES (EXPENSES) <br />Special Assessments 380 614 994 <br />Intergovernmental 5,216 66 5,282 <br />Gain on Disposal of Capital Assets 4,868 4,868 9,736 <br />Investment Income 19,330 29,076 48,406 <br />Rental Income - 1,781 1,781 <br />Miscellaneous 8,543 4,428 12,971 <br />Interest and Other Charges (22,577) - (22,577) <br />NET NONOPERATING REVENUES (EXPENSES)15,760 40,833 56,593 <br />CHANGE IN NET POSITION 129,894 187,427 317,321 <br />NET POSITION - BEGINNING OF YEAR 1,041,480 2,702,675 3,744,155 <br />NET POSITION - END OF YEAR 1,171,374$ 2,890,102$ 4,061,476$ <br />CITY OF PEQUOT LAKES, MINNESOTA <br />PROPRIETARY FUNDS <br />FOR THE YEAR ENDED DECEMBER 31, 2019 <br />STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION <br />See accompanying notes. 20