The City of Saltwater Beach established an enterprise fund two years ago to construct and operate Tribute Aquatic Center, a public swimming pool. The pool was completed and began operations last year. All costs, including repayment of debt, are to be paid by user fees. The funds preclosing trial balance for the current year, is shown below.

		Debits				Credits
Cash and Cash Equivalents		$	183,240
Accounts Receivable			5,260
Supplies			8,290
Restricted Cash and Cash Equivalents			949,440
Land			1,411,050
Buildings and Equipment			932,310
Accumulated DepreciationBuildings and Equipment						$	41,950
Improvements Other Than Buildings			4,751,820
Accumulated DepreciationImprovements Other Than Buildings							213,830
Accounts and Accrued Payables							22,310
Current Portion of Long-Term DebtBonds							283,650
Bonds Payable							6,240,300
Net PositionNet Investment in Capital Assets							175,290
Net PositionRestricted							873,370
Net PositionUnrestricted							84,640
Charges for Services							2,054,800
Interest and Dividend Income							93,170
Personnel Expenses			1,041,500
Utilities Expense			189,870
Repairs and Maintenance			82,700
Supplies Expense			67,700
Depreciation Expense			137,990
Interest Expense			322,140
		$	10,083,310			$	10,083,310

Additional information concerning the Tribute Aquatic Center Fund follows.

1. All bonds payable were used to acquire property, plant, and equipment.
2. Each year, a payment is required on January 1 to retire an equal portion of the bonds payable.
3. Equipment was sold for cash at its carrying value of $9,310.
4. Total cash received from customers was $2,051,520 and cash received for interest and dividends was $93,170; of this amount, $76,070 was restricted cash. There were no other changes to restricted cash during the year.
5. Cash payments included $1,045,460 for personnel expenses, $187,000 for utilities, $86,800 for repairs and maintenance, $322,140 for interest on bonds, and $66,320 for supplies.
6. The beginning balance in Cash was $96,680, Accounts Receivable was $3,190, Supplies was $9,620, and Accounts and Accrued Payables was $28,660. Accrued Payables include personnel expenses, utilities, and repairs and maintenance.
7. The net position categories shown on the preclosing trial balance have not been updated to reflect correct balances at year-end.

Prepare the statement of revenues, expenses, and changes in fund net position for the Tribute Aquatic Center for the year just ended. (Deductions should be indicated by a minus sign.)

CITY OF SALTWATER BEACH
Tribute Aquatic Center Fund
Statement of Revenue, Expenses, and Changes in Fund Net Position
For the Current Year Ended
Operating Income:
Charges for Services
Operating Expenses:
Personnel Expense
Utilities Expense
Repairs and Maintenance Expense
Supplies Expense
Depreciation Expense
Total Operating Expenses		0
Operating Income		0
Nonoperating Revenue/Expenses:
Interest Income
Interest Expense
Total Nonoperating Income (Expense)		0
Change in Net Position		0
Net Position, Beginning
Net Position, Ending		$0