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CITY OF RAMSEY, MINNESOTA Exhibit A -4 <br />COMBINED STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS <br />ALL PROPRIETARY FUND TYPES <br />Years Ended December 31, 1992 and 1991 <br />Fnterorise Funds <br />1992 1991 <br />Operating Revenue: <br />Water sales and sewer rents $ 114,140 S 89,664 <br />Collection of sewer access charges 819 194 <br />Charges for street lights 193 <br />Total Operating Revenue 115,152 89,858 <br />Operating Expenses: <br />Personal services 21,330 23,208 <br />Supplies 7,095 5,561 <br />Services and charges - <br />Disposal charges 40,397 43,626 <br />Other 17,322 15,615 <br />Depreciation 124.295 96.866 <br />Total Operating Expenses 210.439 184.876 <br />Operating Loss (95,287) (95,018) <br />Nonoperating Revenue (Expense): <br />Interest earned on investments 20,992 18,692 <br />Loss on sale of fixed assets - (313) <br />Total Nonoperating Revenue (Expense) 20,992 18,379 <br />NET LOSS $ (74,295) $ (76,639) <br />Retained earnings (deficit) - beginning of year (95,959) (19,320) <br />Retained Earnings (Deficit) - End of Year S (170.254) S (95.959) <br />See Notes to Financial Statements. <br />