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CITY OF RAMSEY, MINNESOTA Exhibit F -2
<br />ENTERPRISE FUNDS
<br />COMBINING STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS
<br />Year Ended December 31, 1995
<br />(With Comparative Totals for Year Ended December 31, 1994)
<br />Totals
<br />Water Sewer Street Recycling
<br />Utility Utility Light Utility 1995 1994
<br />Operating Revenue:
<br />Charges for service $ 147,714 $ 197,715 $ 27,986 $ 56,663 $ 430,078 $ 297,611
<br />Sewer access surcharge 2,149 2,149 1,712
<br />Miscellaneous 15,589 - 1,268 43,022 59,879 17,627
<br />Total Operating Revenue 163,303 199,864 29,254 99,685 492,106 316,950
<br />Operating Expenses:
<br />Personal services 18,203 3,783 1,133 23,119 20,927
<br />Supplies 40,202 5,506 208 45,916 16,730
<br />Services and charges -
<br />Disposal charges - 117,432 - 75,807 193,239 65,772
<br />Other 38,714 15,311 10,050 2,947 67,022 43,178
<br />Depreciation 109,273 129,648 5,618 - 244,539 175,097
<br />Total Operating Expenses 206,392 271,680 15,668 80,095 573,835 321,704
<br />Operating Income (Loss) (43,089) (71,816) 13,586 19,590 (81,729) (4,754)
<br />Nonoperating Revenue:
<br />Interest earned on investments 112,845 35,444 3,449 151,738 49,621
<br />Net Income (Loss) before
<br />operating transfers 69,756 (36,372) 17,035 19,590 70,009 44,867
<br />Operating transfers (out) to other funds:
<br />General Fund (5,000) (2,000) (500) (7,500) (5,500)
<br />NET INCOME (LOSS) 64,756 (38,372) 16,535 19,590 62,509 39,367
<br />Retained earnings (deficit) -
<br />beginning of year (9,413) (176,487) 17,532 (168,368) (207,735)
<br />Prior period adjustments 53,126 1,860 54,986
<br />Retained earnings (deficit) -
<br />beginning of year, as restated 43,713 (176,487) 19,392 (113,382) (207,735)
<br />Equity transfer in 13,540 13,540
<br />Retained Earnings (Deficit) -
<br />End of year $ 108,469 $ (214,859) $ 49,467 $ 19,590 $ (37,333) $ (168,368)
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