Laserfiche WebLink
<br />CITY OF RAMSEY, MINNESOTA Exhibit A-4 <br />COMBINED STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS <br />PROPRIETARY FUND TYPE <br />Years Ended December 31, 1996 and 1995 <br />Enterprise Funds <br />1996 1995 <br />Operating Revenue: <br />Charges for service $ 599,747 $ 430,078 <br />Sewer access surcharge 3,494 2,149 <br />Miscellaneous 93,273 59,879 <br />Total Operating Revenue 696,514 492, l OG <br />Operating Expenses: <br />Personal services 35,634 23,1 19 <br />Supplies 54,543 45,916 <br />Services and charges - <br />Disposal charges 215,788 193,239 <br />Other 98,710 67,022 <br />Depreciation 292,327 244,539 <br />Total Operating Expenses 697,002 573,835 <br />Operating (Loss) (488) (81,729) <br />Nonoperating Revenue: <br />Interest earned on investments 204,062 151,738 <br />Net Income before <br />operating transfers 203,574 70,009 <br />Operating transfers (out) to other funds: <br />General Fund (10,000) (7,500) <br />NET INCOME 193,574 62,509 <br />Retained earnings (deficit) -beginning of year (37,333) (113,382) <br />Equity transfer in - 13,540 <br />Retained Earnings (Deficit) -End of Year $ 156,241 $ (37,333) <br />The notes to the financial statements are an integral part of this statement. <br />-8- <br />