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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, 1996
<br />(With Comparative Totals for Year Ended December 31, 1995)
<br />Operating Revenue:
<br />Totals
<br />Water Sewer Street Recycling
<br />Utility Utility Light Utility 1996 1995
<br />Charges for service $ 235,103 $ 254,608 $ 48,666 $ 61,370 $ 599,747 $ 430,078
<br />Sewer access surcharge - 3,494 - - 3,494 2,149
<br />Miscellaneous 53,755 - - 39,518 93,273 59,879
<br />Total Operating Revenue 288,858 258,102 48,666 100,588 696,514 492,106
<br />Operating Expenses:
<br />Personal services 29,983 5,635 - IG 35,634 23,] 19
<br />Supplies ~ 48,910 19 - 5,614 54,543 45,916
<br />Services and charges -
<br />Disposal charges - 133,860 - 81,928 215,788 193,239
<br />Other 64,758 11,337 20,808 1,807 98,710 67,022
<br />Depreciation 137,145 148,206 6,976 - 292,327 244,539
<br />Total Operating Expenses 280,796 299,057 27,784 89,365 697,002 573,835
<br />Operating Income (Loss) 8,062 (40,955) 20,882 11,523 (488) (81,729)
<br />Nonoperating Revenue:
<br />Interest earned on investments 153,728 46,818 3,516 - 204,062 151,738
<br />Net Income before
<br />operating transfers 161,790 5,863 24,398
<br />Operating transfers (out) to other funds:
<br />General Fund (6,000) (3,000) (1,000)
<br />NET INCOME 155,790 2,863 23,398
<br />Retained earnings (deficit) -
<br />beginning of year
<br />Equity transfer in
<br />Retained Earnings (Deficit) -
<br />End of year
<br />108,469 (214,859) 49,467
<br />11,523 203,574 70,009
<br />- (10,000) (7,500)
<br />11,523 193,574 62,509
<br />19,590 (37,333) (113,382)
<br />- - 13,540
<br />$ 264,259 $ (211,996) $ 72,865 $ 31,113 $ 156,241 $ (37,333)
<br />-69-
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