Page 19 - SWA AR Desktop

SOUTHWEST WATER AUTHORITY
STATEMENT OF REVENUES, EXPENSES AND CHANGE IN FUND NET POSITION FOR THE YEARS ENDED DECEMBER 31, 2020 and 2019
2020
Operating revenues:
Sales $ 18,511,167 Hook up fee transfers 81,900 Other 148,421
Total operating revenues 18,741,488
Operating expenses:
Transmission 7,477,251 Distribution 4,983,398 Board of directors 143,044 Administrative 847,210 Easement acquisition 180,491 Rural water sign-up 214,328 Customer service 196,991 Treatment 2,720,257
Total operating expenses 16,762,970 Operating gain(loss) 1,978,518
Nonoperating revenue:
Property taxes 715,539 Federal Grants 108,615 Unrealized gain/(loss) on investments 228,507 Loss on disposal of capital assets (462,556) Investment income 509,759
Total nonoperating revenue 1,099,864 Change in net position 3,078,382
Total net position - beginning of year 28,447,910 Total net position - end of year $ 31,526,292
$
2019
15,840,100 118,174 35,707
15,993,981
5,818,813 4,701,417 210,389 802,502 148,791 224,573 194,841 2,202,927
14,304,253 1,689,728
694,270 -- 580,454 (56,970) 506,000
1,723,754 3,413,482
25,034,428 28,447,910
$
SWA & SWPP 2020 Annual Operating Report 2020 | 19
Note: This is not a complete set of financial statements. A complete set of financial statements are available at the Southwest Water Authority Office.