Page 15 - 2017-MVU-AnnualReport

Statement of Revenues,
Expenses and Changes in Fund Net
Position Proprietary Funds
JUNE 30, 2017

STATEMENT OF REVENUES

Operating Revenues Enterprise Fund Electric
Sales and service charges $ 28,815,538
Miscellaneous $ 209,279
Total Operating Revenues $ 29,024,817
Operating Expenses
Cost of services $ 849,803
Depreciation expense $ 1,102,548
Electricity purchased $ 12,112,442
Services and supplies $ 3,708,063
Distribution share $ 4,489,250
Self-insurance claims and charges
Total Operating Expenses $ 22,262,106
Net Operating Income (Loss) $ 6,762,711
Non-operating Revenues and Expenses
Interest revenue $ 129,253
Interest expense and debt issuance costs ($ 3,052,491)
Engineering plan check fees $ 275,035
Gain (loss) on disposal of capital assets
Total Non-operating Revenues (Expenses) {$ 2,648,203}
Income (Loss) before contributions and transfers $ 4,114,508
Transfers and Contributions
Transfers in
Transfers out ($ 4,793)
Change in Net Position $ 4,109,715
Net Position - Beginning of year, as restated $ 26,181,765

Net Position - End of year $ 30,291,480

MVU’s financial health and stability

are part of an operating and planning
process that ensures that the utility
can provide beneficial programs
and services to our customers and

community long into the future.

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