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HomeMy WebLinkAboutNC Comprehensive Report (Finance) (24)CITY OF NATIONAL CITY Statement of Revenues, Expenses and Changes in Net Assets Proprietary Funds For the Year Ended June 30, 2012 (with comparative information for the prior year) Enterprise Funds Kimball Morgan Totals Governmental Activities Internal Service Funds Towers Towers 2012 2011 2012 2011 Operating revenues: Rental income $ 1,079,989 1,238,430 2,318,419 2,193,364 Service charges - - - 9,572,523 8,997,696 Other revenues 7,288 9,156 16,444 14,680 33,247 115,008 Total operating revenues 1,087,277 1,247,586 2,334,863 2,208,044 9,605,770 9,112,704 Operating expenses: Personnel services 170,720 164,736 335,456 346,280 1,923,568 1,978,193 Maintenance and operations 688,489 580,903 1,269,392 1,386,028 6,861,315 7,007,307 Depreciation 187,353 226,219 413,572 413,569 390,471 279,082 Total operating expenses 1,046,562 971,858 2,018,420 2,145,877 9,175,354 9,264,582 Operating income (loss) 40,715 275,728 316,443 62,167 430,416 (151,878) Nonoperating revenues (expenses): Interest income 2,802 390 3,192 3,404 13 220 Interest expense (163,508) (163,508) (167,134) (104,566) (86,880) Capital contributions - 499,548 Total nonoperating revenues (expenses) Income (loss) before transfers 2,802 (163,118) (160,316) (163,730) 394,995 (86,660) 43,517 112,610 156,127 (101,563) 825,411 (238,538) Transfers in (note 3) 181,915 4,211 Transfers out (note 3) - (460,804) (678,415) Change in net assets 43,517 112,610 156,127 (101,563) 546,522 (912,742) Net assets at beginning of year 5,763,688 807,388 6,571,076 6,672,639 8,187,141 9,099,883 Net assets, end of year $ 5,807,205 919,998 6,727,203 6,571,076 8,733,663 8,187,141 See accompanying notes to the basic financial statements. 16