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CITY OF RAMSEY
<br />Combined Statement of Revenue, Expenses, and Changes in Retained Earnings
<br />Proprietary Fund Types
<br />Year Ended December 31, 1998
<br />(with Comparative Totals for Year Ended December 31, 1997)
<br />Exhibit A-4
<br />Totals
<br />Internal (Memorandum Only)
<br />Enterprise Service 1998 1997
<br />Operating revenue
<br />Charges for services $ 969,079 $ - $ 969,079 $ 737,879
<br />Sewer access surcharge 3,450 - 3,450 2,841
<br />Miscellaneous 134,876 29,093 163,969 90,034
<br />Total operating revenue 1,107,405 29,093 1,136,498 830,754
<br />Operating expenses
<br />Personal services 49,521 - 49,521 48,732
<br />Supplies 66,384 6,977 73,361 47,029
<br />Services and charges
<br />Disposal charges 348,940 - 348,940 225,275
<br />Other 146,564 22,773 169,337 110,208
<br />Depreciation 341,821 - 341,821 314,351
<br />Total operating expenses 953,230 29,750 982,980 745,595
<br />Operating income (loss) 154,175 (657) 153,518 85,159
<br />Nonoperating revenue
<br />Intergovernmental revenue - 26,860 26,860 -
<br />Interest income 239,593 13,024 252,617 155,814
<br />Total nonoperating revenue 239,593 39,884 279,477 155,814
<br />
<br />Income before operating transfers 393,768 39,227 432,995 240,973
<br />Operating transfers (out) (568,710) - (568,710) 13,500
<br />
<br />Net income (loss) (174,942) 39,227 .(135,715) 227,473
<br />Retained earnings
<br />Beginning of year 492,180 - 492,180 156,241
<br />Residual equity transfer in - 234,761 234,761 108,466
<br />
<br />End of year $ 317,238 $ 273,988 $ 591,226 $ 492,180
<br />See notes to financial statements
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