CITY OF PALM DESERT, CALIFORNIA Statement of Revenues, Expenses and Changes in Net Position Internal Service Funds For the Year Ended June 30, 2025
Equipment ReplacementCompensation BenefitsTotal Internal Service Funds
OPERATING REVENUES
Interest Income$ 301,704$ 150,587$ 452,291
Total operating revenues301,704150,587452,291
OPERATING EXPENSES
General and administrative-178,700178,700
Maintenance and operations431,339-431,339
Depreciation726,526-726,526
Total operating expenses1,157,865178,7001,336,565
Operating income (loss)(856,161)(28,113)(884,274)
Income (loss) before transfers(856,161)(28,113)(884,274)
Transfers in3,291,980658,6283,950,608
Change in net position2,435,819630,5153,066,334
Net position-beginning8,786,109(155,216)8,630,893
Net position-ending$ 11,221,928$ 475,299$ 11,697,227