Reference no: EM132982423
Proprietary Fund Statement of Revenues, Expenses, and Changes in Fund Net Position
Revenue:
Operating Revenue 25,705,000
Intergovernmental Revenue 140,000
Interest Revenue 36,000
Total Revenue 25,881,000
Operating Expenses:
Employee wages 8,654,000
Temporary Labor 750,000
Repairs and Maintenance 6,425,000
Depreciation 4,532,000
Utilities 948,000
Interest Expense 475,000
Total Expense 21,784,000
Revenue Over (under) Expenditures 4,097,000
Less: Transfer to General Fund 315,000
Transfer to Balance Sheet 3,782,000
Change in Net Position
Net Position June 1, 2017 3,820,000
Fund Balance at End of Year 3,782,000
Add: Capital Contribution 1,200,000
Net Position June 1, 2018 8,364,000
Problem 1. What observations can you make about the fund's activity from June 1, 2017-May 31, 2018?
Problem 2. Identify the other proprietary fund statements and what measurement focus and basis for accounting are used in those statements.
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Identify the other proprietary fund statements
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