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CITY OF RAMSEY, MINNESOTA <br />SEWER UTILITY FUND <br />COMPARATIVE STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS <br />Years Ended December 31, 1996 and 1995 <br />1996 1995 <br />Operating Revenue: <br />Sewer charges <br />Sewer access surcharge <br />Total Operating Revenue <br />Operating Expenses: <br />Personal services <br />Supplies <br />Services and charges - <br />Disposal charges <br />Other <br />Depreciation <br />Total Operating Expenses <br />Operating (Loss) <br />Nonoperating Revenue: <br />Interest earned on investments <br />Net Income (Loss) before operating transfers <br />Operating transfer (out) to other funds: <br />General Fund <br />NET INCOME (LOSS) <br />Retained earnings (deficit) -beginning of year <br />Retained Earnings (Deficit) -End of Year <br />$ 254,608 $ ] 97,715 <br />3,494 2,149 <br />258,102 199, 864 <br />5,635 3,783 <br />19 5,506 <br />133,860 117,432 <br />11,337 15,311 <br />148,206 129,648 <br />299,057 271,680 <br />(40,955) (71,816) <br />46,818 35,444 <br />5,863 (36,372) <br />(3,000) (2,000) <br />2,863 (38,372) <br />(214,859) (176,487) <br />$ (211,996) $ (214,859) <br />Exhibit F-8 <br />-75- <br />