Question
The information below should be used to prepare (in proper form in Excel) a Public Transportation...
The information below should be used to prepare (in proper form in Excel) a Public Transportation column for the proprietary fund Statement of Revenues, Expenses, and Changes in Fund Net Position for the fiscal year ending May 31, 2018. Operating Revenue (Services) $25,705,000 Interest Revenue $36,000 Intergovernmental Revenue $140,000 Capital Contributions $1,200,000 Operating Expenses: Employee Wages $8,654,000 Temporary Labor $750,000 Repairs and Maintenance $6,425,000 Depreciation $4,532,000 Utilities $948,000 Interest Expense $475,000 Transfer to General Fund $315,000 Net position, June 1, 2017 $3,820,000
Answers
Statement of Revenue and Expenditure as on May 31, 2018 Income: Operating Revenue $2,57,05,000 Interest $ 36,000 Total Income $2,57,41,000 Expenditure: Employee Wages $ 86,54,000 Temporary Labor $ 7,50,000 Repairs and Maintenance $ 64,25,000 Depreciation $ 45,32,000 Utilities $ 9,48,000 Interest Expense $ 4,75,000 Total Expenditure $2,17,84,000 Profit $ 39,57,000 Less: Transfer to General Fund $ 3,15,000 Transfer to Balance sheet $ 36,42,000 Changes in Fund Net Position for the fiscal year ending May 31, 2018 Net position on June 1, 2017 $ 38,20,000 Add:Profit during the year $ 39,57,000 Add: Additional contribution during the year $ 12,00,000 $ 89,77,000
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