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<br /> CITY OF ARDEN HILLS, MINNESOTA
<br /> ENTERPRISE FUNDS .-
<br /> COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS
<br /> YEAR ENDED DECEMBER 31, 1997
<br /> (With comparative totals for the year ended December 31, 1996)
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<br /> Water Sewer -
<br /> OPERATING REVENUE
<br /> Charges for services $ 974,803 $ 967,691
<br /> Permit fees 10,039 1,015 -
<br /> Recycling grant
<br /> Miscellaneous 9,753 25,191
<br /> Meter deposits, less cost 4,791 -
<br /> SAC administration fee 6,511
<br /> TOTAL OPERATING REVENUE 999,386 1,000,408 -
<br /> OPERATING EXPENSES
<br /> Personal services 149,217 119,512 I
<br /> Supplies and maintenance 27,586 12,837
<br /> Other services and charges 50,763 48,858
<br /> Rent 14,350 14,350 I
<br /> Insurance 19,019 19,174
<br /> Utilities 4,737 23,427
<br /> Purchased services 16,233 :. I
<br /> Purchased water 487,913
<br /> Recycling charges
<br /> Sewer charges 59 I ,483 I
<br /> Depreciation 76,174 70,124
<br /> TOTAL OPERATING EXPENSES 845,992 899,765 I
<br /> OPERATING INCOME 153,394 100,643
<br /> NONOPERATING INCOME I
<br /> Interest on investments 44,838 55,831
<br /> NET INCOME BEFORE OPERATING TRANSFERS 198,232 156,474 I
<br /> OPERATING TRANSFER OUT (72;598) -
<br /> NET INCOME 125,634 156,474 I
<br /> CREDIT ARlSING FROM REDlSTRlBUT10N OF I
<br /> DEPREClA TION ON CONTRlBUTED ASSETS 49,432 56,579
<br /> INCREASE IN RETAINED EARNINGS 175,066 213,053 I
<br /> RETAINED EARNINGS, JANUARY 1 1,085,620 1,180,063
<br /> RETAINED EARNINGS, DECEMBER 31 $ 1,260,686 $ 1,393,116- I
<br /> -37- I
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