|
Exhibit 6
<br />City of Louisville, Colorado
<br />Statement of Revenues, Expenses, and Changes in Fund Net Assets
<br />Proprietary Funds
<br />For the Year Ended December 31, 2008
<br />Enterprise Funds
<br />Internal
<br />Water GolfService
<br />& WastewaterCourseTotalFunds
<br />Operating revenues
<br />Charges for services
<br />Water and wastewater sales$ 6,836,012$ -$ 6,836,012
<br />$ -
<br /> 1,921,332 1,921,332 452,992
<br />Other services-
<br />Total operating revenues6,836,012
<br /> 1,921,332 8,757,344 452,992
<br />Operating expenses
<br />Cost of sales and services3,283,091 1,777,012 5,060,103 99,796
<br />Administration842,882 1,572 844,454
<br /> -
<br />Depreciation and amortization1,369,339 131,076 1,500,415 348,707
<br />Total operating expenses5,495,312
<br /> 1,909,660 7,404,972 448,503
<br /> -
<br />Operating income (loss)1,340,700 11,672 1,352,372 4,489
<br />Nonoperating revenues (expenses)
<br />Investment income769,384 - 769,384 105,523
<br />Interest expense(577,671) (38,122) (615,793) -
<br />Total nonoperating revenues (expenses)191,713
<br /> (38,122) 153,591 105,523
<br />Income before transfers, capital contributions (26,450)1,532,413 1,505,963 110,012
<br />Capital contributions - tap fees and other1,221,728 - 1,221,728
<br /> -
<br />Transfers in (out)(764,000) 700,000 (64,000) -
<br />Change in net assets1,990,141 673,550 2,663,691 110,012
<br />Net assets, January 168,567,498 3,447,555 72,015,053 2,812,334
<br />Net assets, December 3170,557,639$ 4,121,105$ 74,678,744$ 2,922,346$
<br />
<br />The notes to the financial statements are an integral part of this statement.
<br />
<br />
|