James City County VIRDINIA Jamestown 1607 PUBLIC NOTICE James City Service Authority Summary Statement of Financial Condition As of June 30, 2020 and 2019 The following is a required publication under Section 30-140 of the Code of Virginia as amended: Statements of Net Position 2020 2019 Current assets 66,137,146 S 55,006,467 Noncurrent assets 152,582,412 154,679,418 Total assets 218,719,558 2,428,359 209,685,885 Deferred outflows of resources 1,987,923 Total assets and deferred outflows of resources 221,147,917 $ 211,673,808 4,046,801 Current liabilities 3,800,152 $ Noncurrent liabilities 31,206,699 22,675,019 Total liabilities 35,006,851 26,721,820 485,779 Deferred inflows of resources 376,355 Net position: Net investment in capital assets 132,512,264 134,359,937 Restricted for capital projects 8,741,597 Restricted for debt service 660,282 569,708 Unrestricted 43,850,568 49,536,564 Total net position 185,764,711 184,466,209 Total liabilities, deferred inflows of resources and net position $ 221,147,917 $ 211,673,808 Statements of Revenues, Expenses and Changes in Net Position 2020 2019 Operating revenues: Water and sewer services 17,692,654 16,299,006 Other 484,897 480,685 Total operating revenues Operating expenses: 18,177,551 16,779,691 Personnel 7,168,937 6,158,232 Materials and professional services 5,195,481 5,510,857 Depreciation and amortization 8,115,624 7,922,613 Total operating expenses Operating los 20,480,042 (2,302,491) 19,591,702 (2,812,011) Nonoperating revenues (expenses): Facility charges 2,386,850 2,949,130 Other, net 1,190,884 4,140,014 1,328,003 5,137,825 1,196,818 Net nonoperating revenues 3,583,668 1,281,177 Income before capital contributions Capital contributions 17,325 Change in net position Net position, beginning of year (as restated) 1,298,502 6,465,828 184,466,209 178,000,381 Net position, end of year 185,764,711 S 184,466,209 Detailed financial statements are available for inspection at the James City Service Authority, 119 Tewning Road, Williamsburg, Virginia 23188. M. Douglas Powel General Manager James City County VIRDINIA Jamestown 1607 PUBLIC NOTICE James City Service Authority Summary Statement of Financial Condition As of June 30, 2020 and 2019 The following is a required publication under Section 30-140 of the Code of Virginia as amended: Statements of Net Position 2020 2019 Current assets 66,137,146 S 55,006,467 Noncurrent assets 152,582,412 154,679,418 Total assets 218,719,558 2,428,359 209,685,885 Deferred outflows of resources 1,987,923 Total assets and deferred outflows of resources 221,147,917 $ 211,673,808 4,046,801 Current liabilities 3,800,152 $ Noncurrent liabilities 31,206,699 22,675,019 Total liabilities 35,006,851 26,721,820 485,779 Deferred inflows of resources 376,355 Net position: Net investment in capital assets 132,512,264 134,359,937 Restricted for capital projects 8,741,597 Restricted for debt service 660,282 569,708 Unrestricted 43,850,568 49,536,564 Total net position 185,764,711 184,466,209 Total liabilities, deferred inflows of resources and net position $ 221,147,917 $ 211,673,808 Statements of Revenues, Expenses and Changes in Net Position 2020 2019 Operating revenues: Water and sewer services 17,692,654 16,299,006 Other 484,897 480,685 Total operating revenues Operating expenses: 18,177,551 16,779,691 Personnel 7,168,937 6,158,232 Materials and professional services 5,195,481 5,510,857 Depreciation and amortization 8,115,624 7,922,613 Total operating expenses Operating los 20,480,042 (2,302,491) 19,591,702 (2,812,011) Nonoperating revenues (expenses): Facility charges 2,386,850 2,949,130 Other, net 1,190,884 4,140,014 1,328,003 5,137,825 1,196,818 Net nonoperating revenues 3,583,668 1,281,177 Income before capital contributions Capital contributions 17,325 Change in net position Net position, beginning of year (as restated) 1,298,502 6,465,828 184,466,209 178,000,381 Net position, end of year 185,764,711 S 184,466,209 Detailed financial statements are available for inspection at the James City Service Authority, 119 Tewning Road, Williamsburg, Virginia 23188. M. Douglas Powel General Manager