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<br /> Winter Park Water and Sanitation District I
<br /> STATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET ASSETS
<br /> For The Years Ended December 31, 2010 and 2009
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<br /> 2010 2009
<br /> OPERATING REVENUES I
<br /> Water and sewer services $ 1,315,296 $ 1,315,561
<br /> Miscellaneous income 34,319 12,205
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<br /> Total operating revenues 1,349,615 1,327,766
<br /> OPERATING EXPENSES I
<br /> Water operations - administrative 131,576 128,981
<br /> Water operations - maintenance 342,152 274,592
<br /> Sewer operations - administrative 131,590 128,338
<br /> Sewer operations - maintenance 384,763 375,974 II
<br /> Depreciation 514,389 437,092
<br /> Total operating expenses 1,504,470 1,344,977
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<br /> OPERATING INCOME (LOSS) (154,855) (17,211)
<br /> NONOPERATING REVENUES
<br /> Property taxes 452,917 402,664
<br /> Specific ownership taxes 16,371 18,411
<br /> Net investment income 97,239 199,329
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<br /> Total nonoperating revenues 566,527 620,404
<br /> NONOPERATING EXPENSES I
<br /> County Treasurer fees 22,819 20,225
<br /> Loan agent fees 24,400 24,400
<br /> Loan interest 108,227 122,048 I
<br /> Amortization 2,569 2,569
<br /> Total nonoperating expenses 158,015 169,242
<br /> INCOME BEFORE CAPITAL CONTRIBUTIONS 253,657 433,951
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<br /> CAPITAL CONTRIBUTIONS
<br /> Tap fees 5,082 120,450
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<br /> CHANGE IN NET ASSETS 258,739 554,401
<br /> NET ASSETS - beginning of year 17,156,335 16,601,934
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<br /> NET ASSETS - end of year $ 17,415,074 $ 17,156,335
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<br /> The accompanying Notes to Financial Statements are an integral part of these statements.
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