Comprehensive Annual Financial Report - St. Tammany Parish ...

STATEMENT G
ST. TAMMANY PARISH, LOUISIANA
Statement of Revenues, Expenses and Changes in Net Assets
Proprietary Funds
For the Year Ended December 31, 2010
BUSINESS-TYPE ACTIVITIES-ENTERPRISE FUNDS
526 622, 623
GOVERNMENTAL
ACTIVITIES
St. Tammany Parish Utility TOTAL INTERNAL
State Complex Operations ENTERPRISE SERVICE
(Non-major) (Major) FUNDS FUNDS
Current Year Prior Year Current Year Prior Year Current Year Current Year
Operating Revenues
Charges for services
Water and sewer sales $ - $ - $ 7,360,819 $ 1,542,272 $ 7,360,819 $
-
Connect fees - - 223,486 16,900 223,486 -
Garbage collection - - 453,364 315,448 453,364 -
Rent 488,356 469,711 11,000 - 499,356 169,023
Interfund charges 349,002 563,393 - - 349,002 23,291,915
Other services - - 372,126 72,218 372,126 297,783
Total Operating Revenues 837,358 1,033,104 8,420,795 1,946,838 9,258,153 23,758,721
Operating expenses
Cost of sales and services 544,443 539,083 4,726,136 1,219,053 5,270,579 19,966,691
Administration 36,490 49,728 366,706 76,384 403,196 273,501
Depreciation 146,858 144,844 2,316,788 241,847 2,463,646 693,046
Total Operating Expenses 727,791 733,655 7,409,630 1,537,284 8,137,421 20,933,238
Operating Income 109,567 299,449 1,011,165 409,554 1,120,732 2,825,483
Non-operating Revenues (Expenses)
Bond Issuance Expenses - - (37,892) - (37,892) -
Interest Expense - - (1,642,643) (168,143) (1,642,643) -
Federal and state operating grants - - - - - 103,874
Investment earnings 7,386 3,432 42,951 16,444 50,337 266,105
Total Non-operating Revenues (Expenses) 7,386 3,432 (1,637,584) (151,699) (1,630,198) 369,979
Income (Loss) Before Contributions and Transfers 116,953 302,881 (626,419) 257,855 (509,466) 3,195,462
Contributions-component unit acquired - - - 625,668 - -
Contributions from governmental funds 40,292 - 91,137 3,350,661 131,429 45,363
Contributions to governmental funds - - - - - (188,880)
Transfers in 73,213 171,780 54 3,964,097 73,267 -
Transfers out - (522,210) (342,124) (78,400) (342,124) (366,948)
Change in Net Assets 230,458 (47,549) (877,352) 8,119,881 (646,894) 2,684,997
Total Net Assets-beginning 4,534,752 4,582,301 10,456,043 2,336,162 14,990,795 31,932,040
Total Net Assets-ending $ 4,765,210 $ 4,534,752 $ 9,578,691 $ 10,456,043 $ 14,343,901 $ 34,617,037
The accompanying notes are an integral part of this statement.
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