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CITY OF RAMSEY, MINNESOTA Exhibit A -4 <br />COMBINED STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS <br />PROPRIETARY FUND TYPE <br />Years Ended December 31, 1995 and 1994 <br />Enterprise Funds <br />1995 1994 <br />Operating Revenue: <br />Charges for service $ 430,078 $ 297,611 <br />Sewer access surcharge 2,149 1,712 <br />Miscellaneous 59,879 17,627 <br />Total Operating Revenue 492,106 316,950 <br />Operating Expenses: <br />Personal services 23,119 20,927 <br />Supplies 45,916 16,730 <br />Services and charges - <br />Disposal charges 193,239 65,772 <br />Other 67,022 43,178 <br />Depreciation 244,539 175,097 <br />Total Operating Expenses 573,835 321,704 <br />Operating (Loss) (81,729) (4,754) <br />Nonoperating Revenue: <br />Interest earned on investments 151,738 49,621 <br />Net Income before <br />operating transfers 70,009 44,867 <br />Operating transfers (out) to other funds: <br />General Fund (7,500) (5,500) <br />NET INCOME 62,509 39,367 <br />Retained earnings (deficit) - beginning of year (168,368) (207,735) <br />Prior period adjustment 54,986 - <br />Retained earnings (deficit) - beginning of year, as restated (113,382) (207,735) <br />Equity transfer in 13,540 <br />Retained Earnings (Deficit) - End of Year $ (37,333) $ (168,368) <br />The notes to the financial statements are an integral part of this statement. <br />—8— <br />