Answer:
The City of Breukelen
Breukelen RTS
Statement of revenues, expenses, and changes in net position
For the year ended December 31, 2019
Particulars Amount$ Amount$
<u>Revenues</u>
Operating Revenue 3,150,000
<u>Operating Expenses</u>
Train operating expenses 2,430,000
Track and maintenance expenses 565,000
Depreciation expenses <u>325,000</u>
Total operating expenses <u>3,320,000</u>
Operating loss (170,000)
<u>Non-Operating revenue (Expenses)</u>
Investment income 50,000
Interest expenses <u>320,000</u>
Total Non-operating (expenses) <u>(270,000)</u>
Loss before transfer (440,000)
Transfer from City of B <u>500,000</u>
Change in net assets 60,000
Total net position (beginning) <u>7,430,000</u>
Total net position (ending) <u>7,490,000</u>
