The Basic Financial Statements
Statement of Revenues, Expenses, and Changes in Net Position
The proprietary fund Statement of Revenues, Expenses, and Changes in Fund Net Position presents a summary of revenues, expenses, and changes in net position in the proprietary fund statements by fund type. A couple of features here merit additional discussion.
First, you will notice that Proprietary Fund Statements draw a distinction between operating revenues and non-operating revenues (expenses). Charges for services ($21.9 million) are reported under operating revenues. Note that the amount reported in the Statement of Revenues, Expenses, and Changes in Net Position is the same as that reported under business-type activities as Charges for Services.
Business-type activities report a modest amount in operating grants and contributions ($7,763) and capital grants and contributions ($1.8 million). Operating grants and contributions are not reported as operating revenues; rather, they are reported as non-operating revenues. The capital grants and contributions are also reported as non-operating revenues, just below transfers out. Reporting operating and capital grants and contributions as non-operating revenues reflects the non-recurring nature of revenues. The capital grants are reported separately from operating grants to reflect the fact that these revenues are not part of general operations.
| CITY OF BOTHELL | |||||
|---|---|---|---|---|---|
| STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET POSITION PROPRIETARY FUNDS FOR THE YEAR ENDED DECEMBER 31, 2021 |
|||||
| Business-Type Activities, Enterprise Funds | Governmental Activities | ||||
| Water | Sewer | Storm & Surface Water | Total | Internal Service Funds | |
| OPERATING REVENUES | |||||
| Charges for services | $6,339,397 | $8,788,494 | $6,863,366 | $21,991,257 | $4,022,162 |
| Other operating revenue | $3,011 | $62,564 | $44,855 | $110,430 | – |
| Total operating revenue | $6,342,408 | $8,851,058 | $6,908,221 | $22,101,687 | $4,022,162 |
| OPERATING EXPENSES | |||||
| Administrative and general | $897,152 | $1,067,502 | $2,003,189 | $3,967,843 | $2,788,021 |
| Purchased water | $1,734,839 | – | – | $1,734,839 | – |
| Metro service | – | $4,480,487 | – | $4,480,487 | – |
| Maintenance and operations | $984,712 | $689,838 | $1,593,614 | $3,268,165 | $381,957 |
| Customer accounts | $200,068 | $199,591 | – | $399,659 | – |
| Taxes | $825,860 | $633,502 | $476,404 | $1,935,766 | – |
| Depreciation | $881,887 | $632,655 | $1,333,495 | $2,848,037 | $962,396 |
| Total operating expenses | $5,534,519 | $7,703,575 | $5,406,702 | $18,634,796 | $4,132,374 |
| Operating income (loss) | $817,889 | $1,147,483 | $1,501,519 | $3,466,891 | ($110,213) |
| NON-OPERATING REVENUES (EXPENSES) | |||||
| Investment income | – | – | $6,428 | $6,428 | $1,677,027 |
| Intergovernmental revenue | $241 | $198 | $7,324 | $7,763 | $3,906 |
| Miscellaneous revenue | $18,762 | – | $251,247 | $270,009 | – |
| Proceeds from sale of capital assets | – | – | – | – | $157,386 |
| Gain (loss) on disposition of capital assets | – | – | – | – | ($264,102) |
| Revenue bonds interest | ($98,686) | ($44,310) | ($326,807) | ($469,803) | ($1,670,280) |
| Total non-operating revenue (expenses) | ($79,683) | ($44,112) | ($61,808) | ($185,603) | ($96,064) |
| INCOME (LOSS) BEFORE CONTRIBUTIONS AND TRANSFERS | |||||
| $738,206 | $1,103,371 | $1,439,712 | $3,281,288 | ($206,276) | |
| Transfers in | – | – | – | – | $2,349,660 |
| Transfers out | ($78,134) | ($73,909) | ($256,222) | ($408,265) | ($1,230,487) |
| Capital contributions | $382,712 | $289,043 | $1,094,538 | $1,766,293 | – |
| Change in net position | $1,042,784 | $1,318,505 | $2,278,028 | $4,639,317 | $912,897 |
| Net position – beginning | $20,671,015 | $20,094,310 | $27,902,765 | $68,668,090 | $7,109,071 |
| Net position – ending | $21,713,799 | $21,412,814 | $30,180,793 | $73,307,406 | $8,021,968 |