The Following Water and Sewer Information Is Available for the Preparation

question 19

Essay

The following water and sewer information is available for the preparation of the financial statements for the County of Augusta for the year ended June 30, 2009:
$$\begin{array} { l | r } \hline \text { Operating revenues-charges for services } & \$ 16,900,000 \\\text { Operating expenses: } & \\\text { Personal services } & 8,090,000\\\text { Contractual services } & 2,222,000 \\\text { Utilities } & 880,000 \\\text { Repairs and maintenance } & 1,580,000 \\\text { Depreciation } &2,840,000 \\\text { Interest revenue } &130,000 \\\text { Interest expense } & 340,000 \\\text { Capital contributions } & 520,000 \\\text { Transfer to general fund } & 700,000\\\text { Net assets, July } 1,2008 &990,000\end{array}$$ Required: From the information given above, prepare, in good form, a Water and Sewer Fund column for the proprietary fund Statement of Revenues, Expenses and Changes in Fund Net Assets for the County of Augusta for the Year Ended June 30, 2009.

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Definitions:

Voltage Regulator

A device that controls the amount of current that is supplied to the field winding in an AC generator.

Current

The flow of electric charge through a conductor, measured in amperes, which is a fundamental concept in electricity and electronics.

Starter Control Circuit

An electrical circuit that manages the operation of a vehicle's starter motor, enabling the engine to start.

Stator Winding

The stationary coil windings located in an alternator or electric generator, which generate magnetic fields when electric current flows through them.