Metropolitan Government of Nashville and Davidson County
Comprehensive Annual Financial Report
Component Units
Combining Statement of Revenues, Expenditures and Changes
in Retained Earnings
Proprietary Types

For the Year Ended June 30, 1999


    Hospital Authority
   Electric
Power
Board
     Metropolitan
Transit
Authority
     Nashville
Thermal
Transfer
Corporation
     Metropolitan
Nashville
Airport
Authority
     Emergency
Communications
District
     Industrial
Development
Board
     Total
Proprietary
Types
      General
Hospital
     Bordeaux
Hospital
     Total
    
OPERATING REVENUES:
  Revenue from operations   $ 46,463,350   $ 22,716,018   $ 69,179,368   $ 674,053,460               $ 7,022,565   $ 11,331,213   $ 47,837,472   $ 4,654,363   $ 167,434   $ 814,245,875
     
   
   
   
   
   
   
   
   
   
 
OPERATING EXPENSES:
  Cost of sales and services     69,398,428     34,766,556     104,164,984     87,468,898                 17,269,617     10,926,635     28,006,426     1,226,669     23,123     249,086,352
  Cost of purchased power     -     -     -     543,253,847                 -     -     -     -     -     543,253,847
  Depreciation and amortization     3,519,945     777,406     4,297,351     22,551,568                 7,778,490     4,529,679     20,050,834     549,644     -     59,757,566
     
   
   
   
   
   
   
   
   
   
        Total operating expenses     72,918,373     35,543,962     108,462,335     653,274,313                 25,048,107     15,456,314     48,057,260     1,776,313     23,123     852,097,765
     
   
   
   
   
   
   
   
   
   
 
OPERATING INCOME (LOSS)     (26,455,023)     (12,827,944)     (39,282,967)     20,779,147                 (18,025,542)     (4,125,101)     (219,788)     2,878,050     144,311     (37,851,890)
     
   
   
   
   
   
   
   
   
   
 
NONOPERATING REVENUE (EXPENSE):
  Interest on investments     -     116,517     116,517     8,377,301                 48,659     1,290,755     5,977,421     155,156     3,197     15,969,006
  Interest expense     (4,087,084)     -     (4,087,084)     (17,016,571)                 -     (4,974,339)     (21,965,375)     -     -     (48,043,369)
  Gain (loss) on sale of property     -     (1,924)     (1,924)     -                 -     -     -     -     -     (1,924)
  Revenue from other governmental agencies     -     -     -     -                 2,034,313     -     -     -     -     2,034,313
  Other     2,659,817     1,628,893     4,288,710     387,022                 52,059     (844,555)     11,041,493     -     -     14,924,729
     
   
   
   
   
   
   
   
   
   
        Total nonoperating revenue (expense)     (1,427,267)     1,743,486     316,219     (8,252,248)                 2,135,031     (4,528,139)     (4,946,461)     155,156     3,197     (15,117,245)
     
   
   
   
   
   
   
   
   
   
 
INCOME (LOSS) BEFORE OPERATING
  TRANSFERS     (27,882,290)     (11,084,458)     (38,966,748)     12,526,899                 (15,890,511)     (8,653,240)     (5,166,249)     3,033,206     147,508     (52,969,135)
 
OTHER FINANCING SOURCES (USES):
Operating transfers from component units     2,009,819     -     2,009,819     -                 -     -     -     -     -     2,009,819
Operating transfers to component units     -     (2,009,819)     (2,009,819)     -                 -     -     -     -     -     (2,009,819)
Operating transfers from the primary government     22,374,151     14,679,892     37,054,043     -                 8,059,149     7,636,275     653,880     -     -     53,403,347
Operating transfers to the primary government     (21,625)     -     (21,625)     (387,022)                 (17,600)     -     -     (4,200,000)     -     (4,626,247)
     
   
   
   
   
   
   
   
   
   
 
NET INCOME (LOSS)     (3,519,945)     1,585,615     (1,934,330)     12,139,877                 (7,848,962)     (1,016,965)     (4,512,369)     (1,166,794)     147,508     (4,192,035)
 
CREDIT ARISING FROM TRANSFER
  OF DEPRECIATION TO CONTRIBUTED CAPITAL     -     -     -     -                 7,778,490     -     8,278,486     -     -     16,056,976
     
   
   
   
   
   
   
   
   
   
 
INCREASE (DECREASE) IN RETAINED
  EARNINGS (DEFICIT)     (3,519,945)   1,585,615     (1,934,330)     12,139,877                 (70,472)     (1,016,965)   3,766,117   (1,166,794)   147,508     11,864,941
 
RETAINED EARNINGS (DEFICIT),
  beginning of year, restated     (21,741,925)     (10,016,472)     (31,758,397)     280,225,924                 1,444,435     (6,655,083)     (27,496,629)     6,130,187     1,072,495     222,962,932
     
   
   
   
   
   
   
   
   
   
 
RETAINED EARNINGS (DEFICIT),
  end of year   $ (25,261,870)   $ (8,430,857)   $ (33,692,727)   $ 292,365,801               $ 1,373,963   $ (7,672,048)   $ (23,730,512)   $ 4,963,393   $ 1,220,003   $ 234,827,873
     
   
   
   
   
   
   
   
   
   
 
The accompanying notes following the General Purpose Financial Statements are an integral part of this financial statement.

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