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CITY OF RAMSEY, MINNESOTA Exhibit F-11 <br />STREET LIGHT FUND <br />COMPARATIVE STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS <br />Years Ended December 31, 1997 and 1996 <br />Operating Revenue: <br />Charges for street lights <br />Operating Expenses: <br />Services and charges - <br />Other <br />Depreciation <br />Total Operating Expenses <br />Operating Income <br />Nonoperating Revenue: <br />Interest earned on investments <br />Net Income before operating transfers <br />Operating transfer (out) to other funds: <br />General Fund <br />NET INCOME <br />Retained earnings -beginning of year <br />Retained Earnings -End of Year <br />1997 1996 <br />$ 53,710 $ 48,666 <br />28,953 20,808 <br />7,951 6,976 <br />36,904 27,784 <br />16,806 20,882 <br />4,462 3,516 <br />21,268 24,398 <br />(1,500) (1,000) <br />19,768 23,398 <br />72,865 49,467 <br />$ 92,633 $ 72,865 <br />-76- <br />