Page 29 - MVU Annual Report 2017/18

city of moreno valley, california
Statement of Revenues, Expenses, and
Changes in Net Position Proprietary Funds

For year ended June 30, 2018

Enterprise Fund -
ELECTRIC
OPERATING REVENUES
Sales and service charges $ 31,031,812
Miscellaneous 293,756
Total Operating Revenues 31,325,568
Noncurrent Assets:
Capital assets - net of accumulated depreciation 57,145,392
Total Noncurrent Assets 57,145,392
Total Assets 75,512,687

OPERATING EXPENSES
Cost of services 1,059,640
Depreciation expense 1,236,411
Electricity purchased 12,714,822
Services and supplies 5,265,124
Distribution share 4,516,771
Self-insurance claims and charges
Total Operating Expenses 24,792,768
Net Operating Income (Loss) 6,532,800

NONOPERATING REVENUES (EXPENSES)
Interest revenue 47,572
Interest expense (1,493,906)
Engineering plan check fees 411,328
Gain (loss) on disposal of capital assets
Total Nonoperating Revenues (Expenses) (1,035,006)
Income (Loss) Before Contributions and Transfers 5,497,794

TRANSFERS AND CONTRIBUTIONS
Contributed capital 3,098,784
Transfers in
Transfers out (300,000)
Change in Net Position 8,296,578

Total Net Position - Beginning of Year 30,291,480
Total Net Position - End of Year $ 38,588,058

Fiscal Y ear 2017/18 | 29