Metropolitan Government of Nashville and Davidson County
Comprehensive Annual Financial Report
Combining Statement of Revenues, Expenses and Changes
in Retained Earnings
Enterprise Fund Types

For the Year Ended June 30, 1999


  Department of
Water and
Sewerage
Services
   Nashville
Convention
Center
   Board of
Fair
Commissioners
     Farmers
Market
   Total
Enterprise
Fund Types
  
OPERATING REVENUES:  
  Revenue from operations       $ 158,697,805     $ 3,981,215     $ 3,832,341         $ 834,099     $ 167,345,460    
 
 
 
   
 
 
        Total operating revenues         158,697,805     3,981,215     3,832,341           834,099     167,345,460          
 
 
 
   
 
 
OPERATING EXPENSES:          
  Personal services         32,812,334     1,896,942     1,044,727           265,627     36,019,630          
  Contractual services         23,997,124     2,896,120     2,060,940           362,099     29,316,283          
  Supplies and materials         4,270,225     205,674     103,127           20,163     4,599,189          
  Bad debt expense         -     81,779     -           -     81,779          
  Depreciation and amortization         30,573,515     1,193,287     331,643           174,985     32,273,430          
  Other         3,624,685     100,374     425,158           3,259     4,153,476          
 
 
 
   
 
 
        Total operating expenses         95,277,883     6,374,176     3,965,595           826,133     106,443,787          
 
 
 
   
 
 
OPERATING INCOME (LOSS)         63,419,922     (2,392,961)     (133,254)           7,966     60,901,673          
 
 
 
   
 
 
NONOPERATING REVENUE (EXPENSE):  
  Interest on investments         14,554,859     64,840     396,834           14,477     15,031,010          
  Interest expense         (35,684,094)     -     -           (150,803)     (35,834,897)          
  Gain (loss) on sale of property         (3,357,876)     (650)     (62,134)           -     (3,420,660)          
  Other         949,942     -     -           -     949,942          
 
 
 
   
 
 
        Total nonoperating revenue (expense)         (23,537,169)     64,190     334,700           (136,326)     (23,274,605)          
 
 
 
   
 
 
INCOME (LOSS) BEFORE OPERATING TRANSFERS         39,882,753     (2,328,771)     201,446           (128,360)     37,627,068          
 
OPERATING TRANSFERS IN         125,000     1,414,379     -           350,000     1,889,379          
OPERATING TRANSFERS OUT         (454,318)     -     (16,624)           -     (470,942)          
OPERATING TRANSFERS TO COMPONENT UNITS         (76,368)     -     -           -     (76,368)          
 
 
 
   
 
 
NET INCOME (LOSS)         39,477,067     (914,392)     184,822           221,640     38,969,137          
 
RETAINED EARNINGS (DEFICIT), beginning of year, restated         341,194,769     (13,486,990)     9,130,632           1,550,625     338,389,036          
 
 
 
   
 
 
RETAINED EARNINGS (DEFICIT), end of year       $ 380,671,836   $ (14,401,382)   $ 9,315,454         $ 1,772,265   $ 377,358,173          
 
 
 
   
 
 
 
 
The accompanying notes following the General Purpose Financial Statements are an integral part of this financial statement.

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