Question

*PLEASE ALSO ANSWER THE FOLLOWING QUESTIONS*

1. What observations can you make about the fund’s activity from June 1, 2017-May 31, 2018?
2. Identify the other proprietary fund statements and what measurement focus and basis for accounting are used in those statements.
3. What reports and schedules are included in the CAFR as required supplementary information?

4. 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

Answer 1

Fund's Activity From June 1,2017- May 31 2018

1) INCOME

Operating Revenue 25705000

Interest Revenue 36000

Total Income(A) 25741000

2) EXPENSES

Employees wages 8654000

Temporary labour 750000

Repair and maintenance 6425000

Depreciation 4532000

Utilities 948000

Interest expenses 475000

Total expenses (B) 21784000

Profit (A-B) 3957000

Transfer to balance sheet 3642000

Changes in fund net position for the year 31st may 2018

Position on June 2017 3820000

Profit during the year   3957000

Capital Contributions 1200000

Fund Net position 8977000