2017 Financials (2) Bonnie Freidrich

(...CONTINUED) CITY OF BLAINE, MINNESOTA
SUMMARY FINANCIAL INFORMATION
STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION
PROPRIETARY FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2017
Enterprise Funds
Internal
Public
Service
Utilities
Funds
OPERATING REVENUES
Water charges
$3,668,605
$
Sewer charges
5,555,138
Refuse charges
3,724,508
Storm drainage utility revenue
1,254,234
Employee benefit charges
2,280,350
Insurance reimbursements
604,916
Penalties
264,680
Permits
24,930
Water connection charges
828,482
Intergovernmental
61,532
Other
30,160
Total operating revenues
15,350,737
2,946,798
OPERATING EXPENSES
Metropolitan Council Environmental Services charges
3,666,286
Administrative charges
1,593,200
Salaries and benefits
1,725,027
3,524,917
Contractual services
5,116,712
1,154,132
Supplies
347,633
Water meters
71,011
Utilities
568,769
Depreciation
2,857,996
Total operating expenses
15,946,634
4,679,049
Operating income (loss)
(595,897)
(1,732,251)
NONOPERATING REVENUES (EXPENSES)
Intergovernmental
202,594
Interest earnings
195,200
16,965
Interest and fiscal charges
(156,216)
Loss on disposal of capital assets
(262)
Total nonoperating revenues (expenses)
241,316
16,965
Income (loss) before contributions and transfers
(354,581)
(1,715,286)
Capital contributions
4,270,590
Transfers in
116,288
Transfers out
(315,760)
Change in net position
3,716,537
(1,715,286)
NET POSITION AT BEGINNING OF YEAR
160,932,817
(17,872,806)
NET POSITION AT END OF YEAR
$164,649,354
$(19,588,092)
STATEMENT OF CASH FLOWS
PROPRIETARY FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2017
Enterprise Funds
Internal
Public
Service
Utilities
Funds
CASH FLOWS FROM OPERATING ACTIVITIES:
Cash received from customers
$15,569,128 $2,794,876
Deposits
25
Cash paid to suppliers for goods and services
(6,017,957) (2,630,484)
Cash paid to employees for services
(1,720,427)
(137,539)
Other transmission and distribution
(3,666,286)
Administrative charges
(1,593,200)
Net cash flows from operating activities
2,571,283
26,853
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:
Interfund loans - net change
500,000
Intergovernmental revenue
182,004
Net cash flows from noncapital financing activities
682,004
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES:
Acquisition and construction of capital assets
(3,923,754)
Proceeds from water revenue bonds
2,493,947
Principal paid on water revenue bonds
(415,000)
Net interest and fiscal charges paid on bonds
(161,972)
Special assessments
(221,547)
Transfers in
116,288
Transfers out
(315,760)
Net cash flows from capital and related financing activities
(2,427,798)
Investment earnings
187,038
16,655
Net increase (decrease) in cash and cash equivalents
1,012,527
43,508
CASH AND CASH EQUIVALENTS - JANUARY 1
17,594,749
2,445,795
CASH AND CASH EQUIVALENTS - DECEMBER 31
$18,607,276 $2,489,303
Published in the
Blaine/Spring Lake Park Life
June 22, 2018
828579 & 828635