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CITY OF RAMSEY Exhibit F -8 <br />SEWER UTILITY FUND <br />COMPARATIVE STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS <br />Years Ended December 31, 1995 and 1994 <br />1995 1994 <br />Operating Revenue: <br />Sewer charges $ 197,715 $ 147,913 <br />Sewer access surcharge 2,149 1,712 <br />Miscellaneous operating revenues - 940 <br />Total Operating Revenue 199,864 150,565 <br />Operating Expenses: <br />Personal services 3,783 4,238 <br />Supplies 5,506 - <br />Services and charges - <br />Disposal charges 117,432 65,772 <br />Other 15,311 3,190 <br />Depreciation 129,648 88,233 <br />Total Operating Expenses 271,680 161,433 <br />Operating (Loss) (71,816) (10,868) <br />Nonoperating Revenue: <br />Interest earned on investments 35,444 9,398 <br />Net (Loss) before operating transfers (36,372) (1,470) <br />Operating transfer (out) to other funds: <br />General Fund (2,000) (1,000) <br />NET (LOSS) (38,372) (2,470) <br />Retained earnings (deficit) - beginning of year (176,487) (174,017) <br />Retained Earnings (Deficit) - End of Year $ (214,859) $ (176,487) <br />—77— <br />