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, 2012:

Operating revenuescharges for services Operating expenses: Personal services Contractual services Utilities Repairs and maintenance Depreciation Interest revenue Interest expense Capital contributions Transfer to General Fund Net assets, July 1, 2011

$17,690,000 9,090,000 1,822,000 880,000 1,580,000 2,640,000 130,000 340,000 997,000 900,000 990,000

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, 2012. 15 points

COUNTY OF AUGUSTA WATER AND SEWER FUND STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN FUND NET ASSETS YEAR ENDED JUNE 30, 2012
Operating Revenues: Charges for Services		$17,690,000
Operating Expenses: Personal Services Contractual Services Utilities Repairs and Maintenance Depreciation Total Operating Expenses	$9,090,000	000
Operating Income		000
Non-operating Revenues (Expenses): Interest Revenue Interest Expense Total Non-operating Revenues and Expenses Income Before Contributions and Transfers Capital Contributions Transfer to General Fund Change in Net Assets Net Assets, July 1, 2011 Net Assets, June 30, 2012		( 000 997,000 000 990,000 ,000