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<br /> CITY OF ARDEN HILLS, MINNESOTA . <br /> COMBINED STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS .. <br /> ALL PROPRIETARY FUND TYPES <br /> YEAR ENDED DECEMBER 31,1997 <br /> Enterprise . <br /> OPERATING REVENUE . <br /> Charges for services $ 2,178,605 <br /> Permit fees 11,054 <br /> Recycling grant 19,347 . <br /> Miscellaneous 34,944 <br /> Meter deposits, less costs 4,791 <br /> SAC administrative fee 6,511 . <br /> TOTAL OPERATING REVENUE 2,255,252 <br /> OPERATING EXPENSES . <br /> Personal services 302,447 <br /> Supplies 44,065 . <br /> Other services and charges 180,694 <br /> Insurance 38,193 <br /> Utilities 28,164 . <br /> Purchased services 16,233 <br /> Purchased water 487,913 <br /> Recycling charges 62,15. . <br /> Sewer charges 591,483 <br /> Depreciation 153,831 <br /> TOTAL OPERATING EXPENSES ] ,905, 177 . <br /> OPERATING INCOME 350,075 . <br /> NONOPERATING INCOME <br /> Interest on investments 105,902 . <br /> NET INCOME BEFORE OPERATING TRANSFERS 455,977 <br /> . <br /> OPERATING TRANSFERS OUT (72,598) <br /> NET INCOME 383,379 . <br /> CREDIT ARISING FROM REDISTRIBUTION OF DEPRECIATION . <br /> ON CONTRIBUTED ASSETS 106,011 <br /> RETAINED EARNINGS, JANUARY 1 2,364,841 . <br /> RETAINED EARNINGS, DECEMBER 31 $ 2,854,23. <br /> I <br /> See Notes to Financial Statements. <br /> -8- . <br />