CITY OF LAGUNA NIGUEL STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION PROPRIETARY FUND YEAR ENDED JUNE 30, 2024 Governmental Activities - Internal Service Fund Vehicle Replacement Fund OPERATING EXPENSES Depreciation Expense $ 194,663 Total Operating Expenses 194,663 OPERATING LOSS (194,663) NONOPERATING REVENUES (EXPENSES) Interest Revenue (Loss) 14,713 Interest Expense Related to Lease Payable (18,251) Total Nonoperating Revenues (3,538) CHANGES IN NET POSITION (198,201) Net Position - Beginning of Year 637,248 NET POSITION - END OF YEAR $ 439,047 See accompanying Notes to Basic Financial Statements. (33)