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CITY OF PEQUOT LAKES,MINNESOTA
<br /> STATEMENT OF REVENUES,EXPENSES,AND CHANGES IN NET POSITION
<br /> PROPRIETARY FUNDS
<br /> FOR THE YEAR ENDED DECEMBER 31,2022
<br /> Water Fund Sewer Fund Totals
<br /> OPERATING REVENUES
<br /> Charges for Services $ 324,525 $ 337,372 $ 661,897
<br /> OPERATING EXPENSES
<br /> Wages and Benefits 85,069 84,898 169,967
<br /> Materials and Supplies 22,188 10,281 32,469
<br /> Repairs and Maintenance 47,915 20,215 68,130
<br /> Professional Services 32,369 31,162 63,531
<br /> Insurance 3,868 5,180 9,048
<br /> Utilities 20,222 21,606 41,828
<br /> Miscellaneous 16,849 8,445 25,294
<br /> Depreciation 93,724 92,637 186,361
<br /> TOTAL OPERATING EXPENSES 322,204 274,424 596,628
<br /> NET OPERATING INCOME 2,321 62,948 65,269
<br /> NONOPERATING INCOME(EXPENSE)
<br /> Special Assessments - 1 1
<br /> Intergovernmental 152 152 304
<br /> Interest Earnings(Losses) (3,120) (4,873) (7,993)
<br /> Rental Income - 1,948 1,948
<br /> Miscellaneous 15,571 9,658 25,229
<br /> Interest and Other Charges (29,623) (10,292) (39,915)
<br /> NET NONOPERATING INCOME(EXPENSE) (17,020) (3,406) (20,426)
<br /> CHANGE IN NET POSITION PRIOR TO TRANSFERS (14,699) 59,542 44,843
<br /> TRANSFERS
<br /> Operating Transfers Out (2,30) (2,305) (4,610)
<br /> CHANGE IN NET POSITION (17,004) 57,237 40,233
<br /> NET POSITION-BEGINNING OF YEAR 1,567,080 3,335,355 4,902,435
<br /> NET POSITION-END OF YEAR $ 1,550,076 $ 3,392,592 $ 4,942,668
<br /> See accompanying notes. 27
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