|
For the Calendar
<br />Year Ended
<br />12/31/2016
<br />Operating Revenue:
<br />Metered revenue:
<br />Residential $22,745,117
<br />Commercial 8,932,627
<br />Industrial 5,705,662
<br />Penalties 667,656
<br />Other 342,468
<br />Total Operating Revenue 38,393,530
<br />Operating Expenses:
<br />Collection system 5,083,825
<br />Treatment and disposal 8,272,042
<br />Customer accounts 254,407
<br />Administrative and general 1,310,251
<br />Subtotal 14,920,525
<br />Depreciation expense 6,832,296
<br />Total Operating Expenses 21,752,821
<br />Operating Income (Loss) 16,640,709
<br />Non-operating Revenue (Expenses):
<br />Interest revenue 374,036
<br />Insurance reimbursement 16,007
<br />Management fee (1,261,956)
<br />Miscellaneous (26)
<br />Interest expense (2,667,860)
<br />Debt issue costs (1,750)
<br />Gain (loss) on disposition of assets (602,403)
<br />Repair fund revenue 627,897
<br />Repair fund expense (500,292)
<br />Total Non-operating Revenues (Expenses) (4,016,347)
<br />Income (Loss) Before Contributions and Transfers 12,624,362
<br />Payment in lieu of tax (3,672,060)
<br />Change in Net Position 8,952,302
<br />Net Position - Beginning 102,781,808
<br />Net Position - Ending $111,734,110
<br />14
<br />SOUTH BEND (INDIANA) MUNICIPAL WASTEWATER UTILITY
<br />STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION
<br />(See Accountants' Compilation Report)
|