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Exhibit 6
<br />City of Louisville, Colorado
<br />Proprietary Funds
<br />Statement of Revenues, Expenses, and Changes in Fund Net Position
<br />For the Year Ended December 31, 2014
<br />Operating revenue:
<br />Charges for services:
<br />Water and wastewater sales
<br />Solid waste and recycling sales
<br />Other sales for services
<br />Total operating revenue
<br />Enterprise Funds
<br />Internal
<br />Water & Golf Solid Waste Service
<br />Wastewater Course & Recycling Total Funds
<br />$ 7,569,464 $
<br />69,870
<br />- $ - $ 7,569,464 -
<br />- 1,331,448 1,331,448 -
<br />61,271 - 131,141 279,528
<br />7,639,334
<br />61,271 1,331,448
<br />9,032,053 279,528
<br />Operating expenses:
<br />Cost of sales and services 4,188,074 650,402 1,279,841 6,118,317 125,686
<br />Administration 942,396 - 28,582 970,978 -
<br />Depreciation and amortization 1,541,204 49,048 - 1,590,252 232,643
<br />Total operating expenses 6,671,674 699,450 1,308,423 8,679,547 358,329
<br />Operating income (loss)
<br />967,660 (638,179) 23,025 352,506
<br />(78,801)
<br />Nonoperating revenue (expenses)
<br />Investment income 90,129 4 877 91,010 4,252
<br />Grant revenue 49,371 1,978,938 29 2,028,338 -
<br />Interest expense (254,271) (5,139) - (259,410) -
<br />Loss on asset write-off - - - (36,805)
<br />Loss on WGP Termination Agreement (21,050) - (21,050) -
<br />Total nonoperating revenue (expenses) (114,771) 1,952,753 906 1,859,938 (32,553)
<br />Income (loss) before, capital contributions,
<br />extraordinary items, and transfers 852,889 1,314,574 23,931 2,191,394 (111,354)
<br />Capital contributions - tap fees and other 4,764,917 - - 4,764,917 -
<br />Transfers in (out) 3,828,821 - 3,828,821 (424,773)
<br />Change in net postion before extraordinary item 5,617,806 5,143,395 23,931 10,785,132 (536,127)
<br />Extraordinary Loss - - - -
<br />Change in net position 5,617,806 5,143,395 23,931 10,785,132 (536,127)
<br />Net position January 1
<br />Net position December 31
<br />84,422,559 2,158,392 53,691 86,634,642 3,112,281
<br />$ 90, 040, 365 $ 7,301,787 $ 77,622 $ 97, 419, 774 2,576,154
<br />The notes to the financial statements are an integral part of this statement.
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