ACFR FY 2023 Final - Flipbook - Page 64
FINANCIAL SECTION
City of Eustis, Florida
City of Eustis, Florida
Statement of Revenues, Expenses,
and Changes in Fund Net Assets
Proprietary Funds
For The Year Ended September 30, 2023
Business-Type
Activities
Water and Sewer
Utility
System Fund
Operating Revenues
Charges for Services
permits and Fees
Other miscellaneous Revenues
Total Operating Revenues
$
Operating Expenses
personal Services
Operating Expenses
professional Services
New Water Connections
Depreciation and Amortization
Other Uses
Insurance
Total Operating Expenses
13,100,101
207,023
19,740
13,326,864
3,388,517
2,755,368
223,255
214,479
2,710,439
310,965
437,732
(10,040,755)
Operating Income (Loss)
3,286,109
Non-operating Revenues (Expenses)
Investment Earnings
Debt Service (Interest Expense)
Capital Grants
Loss on Disposal of Capital Assets
Total Non-Operating Revenues
802,520
(280,465)
3,753,785
(12,769)
4,263,071
Income (Loss) before Transfers
7,549,180
Transfers and Capital Contributions
Capital Contributions
Transfers to Other Funds
Total Transfers and Capital Contributions
3,687,593
(2,317,182)
1,370,411
Change in Net Position
8,919,591
Net position, beginning of Year
Net Position, End of Year
54,995,184
$
63,914,775
The Notes to the Financial Statements are an integral part of this statementÿ
64
Annual Comprehensive Financial Report | September 30, 2023
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