Metropolitan Government of Nashville and Davidson County
Comprehensive Annual Financial Report
Combined Statement of Revenues, Expenses and Changes in Retained Earnings/Fund Balance
Proprietary and Fiduciary Fund Types and Discretely Presented Proprietary Type Component Units

For the Year Ended June 30, 1999


              Proprietary Fund Types
              Fiduciary
Fund Types
                 
              Enterprise Funds
  Internal Service Funds
            Non-Expendable Trust
  Total Primary Government (Memorandum Only)
  Proprietary Type Component Units
  Total Reporting Entity (Memorandum Only)
     
OPERATING REVENUES:
  Revenue from operations               $ 167,345,460     $ 71,992,302               $ -     $ 239,337,762     $ 814,245,875     $ 1,053,583,637      
  Contributions and gifts               -     -                 2,009     2,009     -     2,009      
  Interest and dividend income               -     -                 520,922     520,922     -     520,922      
  Other             -
  2,074,644
              -
  2,074,644
  -
  2,074,644
     
             
 
           
 
 
 
     
      Total operating revenues
 
            167,345,460
  74,066,946
              522,931
  241,935,337
  814,245,875
  1,056,181,212
     
OPERATING EXPENSES:                                                                
  Personal services               36,019,630     7,964,776                 -     43,984,406     -     43,984,406      
  Contractual services               29,316,283     7,059,788                 -     36,376,071     -     36,376,071      
  Supplies and materials               4,599,189     3,738,602                 -     8,337,791     -     8,337,791      
  Bad debt expense               81,779     -                 -     81,779     -     81,779      
  Cost of sales and services               -     -                 -     -     249,086,352     249,086,352      
  Cost of purchased power               -     -                 -     -     543,253,847     543,253,847      
  Depreciation and amortization               32,273,430     2,542,342                 3,872     34,819,644     59,757,566     94,577,210      
  Compensation for damages to property               -     2,171,645                 -     2,171,645     -     2,171,645      
  Medical and insurance benefits               -     47,885,084                 -     47,885,084     -     47,885,084      
  Administrative expenses               -     -                 5,092     5,092     -     5,092      
  Other             4,153,476   916,260               49,388   5,119,124   -   5,119,124      
             
 
           
 
 
 
     
      Total operating expenses
 
            106,443,787
  72,278,497
              58,352
  178,780,636
  852,097,765
  1,030,878,401
     
OPERATING INCOME (LOSS)             60,901,673
  1,788,449
              464,579
  63,154,701
  (37,851,890)
  25,302,811
     
                                                                 
NONOPERATING REVENUE (EXPENSE):
  Interest on investments               15,031,010     2,457,051                 -     17,488,061     15,969,006     33,457,067      
  Interest expense               (35,834,897)     (42,835)                 -     (35,877,732)     (48,043,369)     (83,921,101)      
  Gain (loss) on sale of property               (3,420,660)     188,647                 -     (3,232,013)     (1,924)     (3,233,937)      
  Revenue from other governmental agencies               -     -                 -     -     2,034,313     2,034,313      
  Other             949,942   276,362               -   1,226,304   14,924,729   16,151,033      
             
 
           
 
 
 
     
      Total nonoperating revenue (expense)
 
            (23,274,605)
  2,879,225
              -
  (20,395,380)
  (15,117,245)
  (35,512,625)
     
INCOME (LOSS) BEFORE OPERATING TRANSFERS               37,627,068     4,667,674                 464,579     42,759,321     (52,969,135)     (10,209,814)      
                                                                 
OPERATING TRANSFERS IN               1,889,379     914,292                 -     2,803,671     -     2,803,671      
OPERATING TRANSFERS OUT               (470,942)     (3,380,459)                 (60,006)     (3,911,407)     -     (3,911,407)      
OPERATING TRANSFERS FROM COMPONENT UNITS               -     17,600                 -     17,600     2,009,819     2,027,419      
OPERATING TRANSFERS TO COMPONENT UNITS               (76,368)     -                 -     (76,368)     (2,009,819)     (2,086,187)      
OPERATING TRANSFERS FROM THE PRIMARY GOVERNMENT               -     -                 -     -     53,403,347     53,403,347      
OPERATING TRANSFERS TO THE PRIMARY GOVERNMENT
 
            -
  -
              -
  -
  (4,626,247)
  (4,626,247)
     
NET INCOME (LOSS)               38,969,137     2,219,107                 404,573     41,592,817     (4,192,035)     37,400,782      
 
CREDIT ARISING FROM TRANSFER OF DEPRECIATION
  TO CONTRIBUTED CAPITAL
            -
  -
              -
  -
  16,056,976
  16,056,976
     
 
INCREASE (DECREASE) IN RETAINED EARNINGS/FUND BALANCE               38,969,137     2,219,107                 404,573     41,592,817     11,864,941     53,457,758      
RETAINED EARNINGS/FUND BALANCE, beginning of year, restated               338,389,036     36,377,207                 1,212,143     375,978,386     222,962,932     598,941,318      
 
RETAINED EARNINGS/FUND BALANCE, end of year             $ 377,358,173   $ 38,596,314               $ 1,616,716   $ 417,571,203   $ 234,827,873   $ 652,399,076      
             
 
             
 
 
 
     
The accompanying notes following the General Purpose Financial Statements are an integral part of this financial statement.  

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