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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 />Years Ended December 31, 1992 and 1991 <br />Sewer Street <br />And Water Liaht 1992 1991 <br />Operating Revenue: <br />Water sales and sewer rents $ 114,140 $ - $ 114,140 $ 89,664 <br />Collection of sewer access charges 819 - 819 194 <br />Charges for street lights - 193 193 - <br />Total Operating Revenue 114,959 193 115,152 89,858 <br />Operating Expenses: <br />Personal services 21,330 - 21,330 23,208 <br />Supplies 7,095 - 7,095 5,561 <br />Services and charges - <br />Disposal charges 40,397 - 40,397 43,626 <br />Other 16,641 681 17,322 15,615 <br />Depreciation 123,288 1.007 124,295 96,866 <br />Total Operating Expenses 208.751 1.688 210,439 184.876 <br />Operating Loss (93,792) (1,495) (95,287) (95,018) <br />Nonoperating Revenue (Expense): <br />Interest earned on investments 20,915 77 20,992 18,692 <br />Loss on sale of asset - - - (313) <br />Total Nonoperating Revenue 20,915 77 20,992 18,379 <br />NET LOSS $ (72,877) $ (1,418) $ (74,295) $ (76,639) <br />Retained earnings (deficit) - <br />beginning of year (95.959) - (95.959) (19.320) <br />Retained Earnings (Deficit) - <br />End of year $ (168,836) $ (1,418) $ (170,254) $ (95,959) <br />