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<br /> - ---------- ----- <br /> I <br /> CITY OF ARDEN ffiLLS, MINNESOTA .' <br /> ENTERPRISE FUNDS I <br /> COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS <br /> YEAR ENDED DECEMBER 31, 1996 <br /> (With Comparative Totals for the Year Ended December 31, 1995) I <br /> Water Sewer <br /> OPERATING REVENUE <br /> Charges for services $ 1 058 504 $ 956910 I <br /> Pennit fees 7371 615 <br /> Recycling grant - - <br /> MisceUaneous 28 107 51072 <br /> Meter deposits, less cost 3055 - I <br /> SAC administration fee - 34 000 <br /> TOTAL OPERATING REVENUE I 097 037 I 042 597 <br /> OPERATING EXPENSES I <br /> Personal services 121 684 156 303 <br /> Supplies and maintenance 22 575 11241 <br /> Other services and charges 38454 93 700 I <br /> Rent 14000 14000 <br /> Insurance 19623 19623 <br /> Utilities 6202 - <br /> Purchased services 10720 - I <br /> Purchased water 533 466 - <br /> Recycling charges - - <br /> Sewer charges - 576200 _, <br /> Depreciation 78 366 75 650 <br /> TOTAL OPERATING EXPENSES 845 090 946 7] 7 <br /> OPERATING INCOME 251 947 95 880 I <br /> NONOPERATING INCOME <br /> Interest on investments 3030] 42 303 I <br /> NET INCOME BEFORE OPERATING TRANSFERS 282 248 138 183 <br /> OPERATING TRANSFERS OUT (72 699) - I <br /> NET INCOME 209 549 138 183 <br /> CREDIT ARISING FROM REDISTRIBUTION OF I <br /> DEPRECIATION ON CONTRIBUTED ASSETS 49432 56 579 <br /> INCREASE IN RETAINED EARNINGS 258 981 194 762 I <br /> RETAINED EARNINGS, JANUARY I 826639 985 30] <br /> RETAINED EARNINGS, DECEMBER 31 $ 1 085 620 $1]80063 , <br /> I <br /> -, <br /> -36- I <br />