Examples from GASB Statement 34 - Statement of Revenues, Expenses and changes in Net Assets

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 contributions 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