Using the following information, prepare the Statement of Revenues, Expenses, and Changes in Fund Net Position for the town of Robinson Water and Sewer Enterprise Fund for the year ended June 30, 20X6.
Charges for water services rendered . . . . . . . . . . . . . . . . . $ 1,800,000
Charges for sewer services rendered . . . . . . . . . . . . . . . . . 2,000,000
Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,000
Increase in fair value of investments . . . . . . . . . . . . . . . . . 12,000
Proceeds of bond issuance . . . . . . . . . . . . . . . . . . . . . . 13,000,000
Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . . 400,000
Contractual services (purchased) . . . . . . . . . . . . . . . . . . . 2,600,000
Depreciation on infrastructure capital assets . . . . . . . . . . . . . 100,000
Depreciation on capital assets contributed by subdividers . . . . . . 75,000
Depreciation on other capital assets . . . . . . . . . . . . . . . . . 80,000
Capital grants received (all grant conditions met) . . . . . . . . . . 1,500,000
Operating grants received (half expended for operations; half
for capital asset purchases; all grant conditions met) . . . . . . . . 250,000
Gain on sale of equipment . . . . . . . . . . . . . . . . . . . . . . 13,000
Deferred interest expense adjustment (debit), beginning of year . . 100,000
Transfer to General Fund . . . . . . . . . . . . . . . . . . . . . . 127,000
Transfer from Special Revenue Fund . . . . . . . . . . . . . . . 500,000
Interest on short-term note payable . . . . . . . . . . . . . . . . . 5,000
Repayment of short-term note payable . . . . . . . . . . . . . . . 75,000
Interest on bonds payable . . . . . . . . . . . . . . . . . . . . . . 95,000
Net Position, July 1, 20X5 . . . . . . . . . . . . . . . . . . . . . 22,000,000

Water and sewer service claims and judgments paid during the year totaled $100,000. The liability (half of which is long-term) for these claims and judgments increased by $10,000 during the year. The refunded bonds have a 5-year remaining term, and the term of the new bonds is 10 years.