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Using the Information Provided Below for the Water Utility Enterprise

question 19

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Using the information provided below for the Water Utility Enterprise Fund of the City of Rice, prepare a statement of revenues, expenses, and changes in fund net position for 20X3.
-  Charges for services. $3,300Interest received 105Increase in fair value of investments 12Gain on sale of capital assets 8 Operating transfers from the General Fund. 450 Capital Grant. 1,200Salaries expense 1,000 Contractual services used.300 Supplies used 400Depreciation. 1,100 Interest expense 250 Unrestricted Net Position, January 1, 20X3 1,000 Restricted Net Position, January 1, 20X3200Net Investment in Capital Assets, January 1, 20X3 1,800\begin{array}{llr} \text { Charges for services. } &\$3,300\\ \text {Interest received } &105\\ \text {Increase in fair value of investments } &12\\ \text {Gain on sale of capital assets } &8\\ \text { Operating transfers from the General Fund. } &450\\ \text { Capital Grant. } &1,200\\ \text {Salaries expense } &1,000\\ \text { Contractual services used.} &300\\ \text { Supplies used } &400\\ \text {Depreciation. } &1,100\\ \text { Interest expense } &250\\ \text { Unrestricted Net Position, January 1, 20X3 } &1,000\\ \text { Restricted Net Position, January 1, \( 20 \mathrm{X} 3 \). } &200\\ \text {Net Investment in Capital Assets, January 1, \( 20 \mathrm{X} 3 \) } &1,800\\\end{array}


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