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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, 1995 and 1994 <br />1995 1994 <br />Operating Revenue: <br />Charges for street Lights $ 27,986 $ 20,782 <br />Miscellaneous operating revenues 1,268 <br />Total Operating Revenue 29,254 20,782 <br />Operating Expenses: <br />Services and charges - <br />Other 10,050 7,820 <br />Depreciation 5,618 2,285 <br />Total Operating Expenses 15,668 10,105 <br />Operating Income 13,586 10,677 <br />Nonoperating Revenue: <br />Interest earned on investments 3,449 1,736 <br />Net Income before operating transfers 17,035 12,413 <br />Operating transfer (out) to other funds: <br />General Fund (500) (500) <br />NET INCOME 16,535 11,913 <br />Retained earnings - beginning of year 17,532 5,619 <br />Prior period adjustment 1,860 <br />Retained earnings - beginning of year, as restated 19,392 5,619 <br />Equity transfer in 13,540 <br />Retained Earnings - End of Year $ 49,467 $ 17,532 <br />