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NYS Comptroller

THOMAS P. DiNAPOLI

Local Government and School Accountability

Previous Accounting Releases (Advisories and Bulletins)

Examples from GASB Statement 34

Examples from GASB Statement 34 included in this bulletin, copyright by the Governmental Accounting Standards Board, 401 Merritt 7, Norwalk, CT 06856 are reprinted by permission.

Sample City Statement of Revenues, Expenses, and Changes in Fund Net Assets Proprietary Funds For the Year Ended December 31, 2002

  Business-Type Activities Enterprise Funds Governmental Activities
  Water and Sewer Parking Facilities Totals Internal Service Funds
Operating revnues:        
Charges for services $11,329,883 $1,340,261 $12,670,144 $15,256,164
Miscellaneous   3,826 3,826 1,066,761
Total operating revenues 11,329,883 1,344,087 12,673,970 16,322,925
Operating expenses:        
Personal services 3,400,559 762,348 4,162,907 4,157,156
Contractual services 344,422 96,032 440,454 584,396
Utilities 754,107 100,726 854,833 214,812
Repairs and maintenance 747,315 64,617 811,932 1,960,490
Other supplies and expenses 498,213 17,119 515,332 234,445
Insurance claims and expenses       8,004,286
Depreciation 1,163,140 542,049 1,705,189 1,707,872
Total operating expenses 6,907,756 1,582,891 8,490,647 16,863,457
Operating income (loss) 4,422,127 (238,804) 4,183,323 (540,532)
Nonoperating revenues (expenses):        
Interest and investment revenue 454,793 146,556 601,349 134,733
Miscellaneous revenue   104,925 104,925 20,855
Interest expense (1,600,830) (1,166,546) (2,767,376) (41,616)
Miscellaneous expense   (46,846) (46,846) (176,033)
Total nonoperating revenue (expenses) (1,146,037) (961,911) (2,107,948) (62,031)
Income (loss) before contrtibutions and transfers 3,276,090 (1,200,715) 2,075,375 (602,563)
Capital contributions 1,645,919   1,645,919 18,788
Transfers out (290,000) (211,409) (501,409) (175,003)
Change in net assets 4,632,009 (1,412,124) 3,219,885 (758,808)
Total net assets - beginning 79,059,015 3,290,294 82,349,309 3,753,499
Total net assets - ending $83,691,024 $1,878,170 $85,569,194 $2,994,691