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1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />Exhibit F-9 <br />CITY OF RAMSEY <br />Street Light Fund <br />Comparative Statement of Revenue, Expenses, and Changes in Retained Earnings <br />Years Ended December 31, 1999 and 1998 <br />1999 1998 <br />Operating revenue <br />Charges for services $ 79,058 $ 77,672 <br />Operating expenses <br />Other 36,065 31,956 <br />Depreciation 8,498 8,381 <br />Total operating expenses 44,563 40,337 <br />Operating income 34,495 37,335 <br />Nonoperating revenue <br />Investment earnings 5, l 00 10,664 <br /> <br />Income before operating transfers 39,595 47,999 <br />Operating transfers (out) 2,500) (2,000) <br /> <br />Net income 37,095 45,999 <br />Retained earnings <br />Beginning of year 138,632 92,633 <br /> <br />End of year $ 175,727 $ 138,632 <br />-71- <br />