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CITY OF RAMSEY
<br />Enterprise Funds
<br />Combining Statement of Revenue, Expenses, and Changes in Retained Earnings
<br />Year Ended December 31, 1998
<br />(with Comparative Totals for Year Ended December 31, 1997)
<br />Exhibit F-2
<br />Water Sewer Street Recycling Totals
<br />Utility Utility Light Utility 1998 1997
<br />Operating revenue
<br />Charges for services $ 393,749 $ 410,231 $ 77,672 $ 87,427 $ 969,079 $ 737,879
<br />Sewer access surcharge - 3,450 - - 3,450 2,841
<br />Other 96,783 (1,385) - 39,478 134,876 90,034
<br />Total operating revenue 490,532. 412,296 77,672 126,905 1,107,405 830,754
<br />Operating expenses
<br />Personal services 43,137 3,107 - 3,277 49,521 48,732
<br />Supplies 63,068 580 - 2,736 66,384 47,029
<br />Service charges
<br />Disposal charges - 239,257 - 109,683 348,940 225,275
<br />Other 101,271 11,532 31,956 1,805 146,564 110,208
<br />Depreciation 168,678 164,762 8,381 - 341,821 314,351
<br />Total operating expenses 376,154 419,238 40,337 117,501 953,230 745,595
<br />Operating income (loss) 114,378 (6,942) 37,335 9,404 154,175 85,159
<br />Nonoperating revenue
<br />Interest income 174,027 54,088 10,664 814 239,593 155,814
<br />Income before
<br />operating transfers 288,405 47,146 47,999 10,218 393,768 240,973
<br />Operating transfers (out) (560,210) (5,000) (2,000) (1,500) (568,7]0) (13,500)
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<br />Net income (loss) (271,805) 42,146 45,999 8,718 (174,942) 227,473
<br />Retained earnings (deficit)
<br />Beginning of year 481,449 (138,844) 92,633 56,942 492,180 156,241
<br />Residual equity transfer in - - - - - 108,466
<br />End of year $ 209,644 $ (96,698) $ 138,632 $ 65,660 $ 317,238 $ 492,180
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