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The following water and sewer fund information is available for the preparation of the financial statements
for the City of Western Sands for the year ended December 31, 2017:.
Operating revenues-charges for services $18,087,000
Operating expenses:
Personnel services 6,177,000
Contractual services 2,995,000
Utilities 888,000
Repairs and maintenance 1,992,000
Depreciation 5,422,000
Interest revenue 29,000
State aid (intergovernmental revenue) 100,000
Interest expense 434,000
Capital contributions 1,632,000
Transfer to General Fund 365,000
Net position, January 1, 2017 2,700,000
From the information given above, prepare, in good form, a Water and Sewer Fund column for the proprietary fund Statement of Revenues, Expenses, and Changes in Fund Net Position for the year ended December 31, 2017.
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The following water and sewer fund information is available for the preparation of the financial sta...
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