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CITY OF RAMSEY, MINNESOTA Exhibit F -11 <br />STREET LIGHT FUND <br />COMPARATIVE STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS <br />Years Ended December 31, 1994 and 1993 <br />Operating Revenue: <br />Charges for street lights $ 20,782 $ 7.241 <br />Total Operating Revenue 20,782 7,241 <br />Operating Expenses: <br />Services and charges - <br />Other 7,820 5,404 <br />Depreciation 2.285 1.525 <br />Total Operating Expenses 10.105 6.929 <br />Operating Income 10.677 312 <br />Nonoperating Revenue: <br />Interest earned on investments 1.736 1.057 <br />Total Nonoperating Revenue 1.736 1.057 <br />Net Income before operating transfers 12,413 1,369 <br />Transfer to other funds: <br />General Fund ( 500) <br />NET INCOME 11,913 1,369 <br />Retained earnings (deficit) - beginning of year (49) (1.418) <br />Retained Earnings (Deficit) - End of Year $ 11,864 $ (49) <br />1994 1993 <br />