The Following Water and Sewer Information Is Available for the Preparation

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.