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CITY OF RAMSEY, MINNESOTA Exhibit F-2
<br />ENTERPRISE FUNDS
<br />COMBINING STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS
<br />Year Ended December 31, 1997
<br />(With Comparative Totals for Year Ended December 31, 1996)
<br /> Totals
<br /> Water Sewer Street Recycling
<br /> Utility • Utility Light Utility 1997 1996
<br />Operating Revenue:
<br />Charges for service $ 298,170 $ 323,864 $ 53,710 $ 62,135 $ 737,879 $ 599,747
<br />Sewer access surcharge - 2,841 - - 2,841 3,494
<br />Miscellaneous 50,161 - - 39,873 90,034 93,273
<br />Total Operating Revenue 348,331 326,705 53,710 102,008 830,754 696,514
<br />Operating Expenses:
<br />Personal services 42,232 6,252 - 248 48,732 35,634
<br />Supplies 46,172 456 - 401 47,029 54,543
<br />Services and charges -
<br />Disposal charges - 151,608 - 73,667 225,275 215,788
<br />Other 69,034 10,997 28,953 1,224 110,208 98,710
<br />Depreciation 150,800 155,600 7,951 314,351 292,327
<br />Total Operating Expenses 308,238 324,913 36,904 75,540 745,595 697,002
<br />Operating Income (Loss) 40,093 1,792 16,806 26,468 85,159 (488)
<br />Nonoperating Revenue:
<br />Interest earned on investments 117,933 33,058 4,462 361 155,814 204,062
<br />
<br />Net Income before
<br />operating transfers 158,026 34,850 21,268 26,829 240,973 203,574
<br />Operating transfers (out) to other funds:
<br />General Fund (7,000) (4,000) (1,500) (1,000) (13,500) (10,000)
<br />NET INCOME 151,026 30,850 19,768 25,829 227,473 193,574
<br />Retained earnings (deficit) -
<br />beginning of year
<br />Equity transfer in
<br />Retained Earnings (Deficit) -
<br />End of year
<br />264,259 (211,996) 72,865 31,113 156,241 (37,333)
<br />66,164 42,302 - 108,466 -
<br />$ 481,449 $ (138,844) $ 92,633 $ 56,942 $ 492,180 $ 156,241
<br />-67-
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