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<br /> CITY OF ARDEN HILLS, MINNESOTA I
<br /> ENTERPRISE FUNDS
<br />COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS e-
<br /> YEAR ENDED DECEMBER 31, 1998
<br /> (With comparative totals for the year ended December 31, 1997)
<br /> I
<br /> Water Sewer I
<br />OPERATING REVENUE
<br />Charges for services $ 989,516 $ 972,199
<br />Permit fees 19,206 644 I
<br />Recycling grant
<br />Miscellaneous 35,267 31,843
<br />Meter deposits, less cost I
<br />SAC administration fee 86,900
<br /> TOTAL OPERATING REVENUE 1,043,989 1,091,586 I
<br />OPERATING EXPENSES
<br />. Personal services 156,251 132,836 I
<br />Supplies and maintenance 28,016 92,444
<br />Other services and charges 73,330 79,442
<br />Rent 14,500 14,500 I
<br />insurance 19,795 19,795
<br />Utilities 4,435 21,961
<br />Purchased services 15,739 1,075 I
<br />Purchased water 514,507 ~e
<br />Recycling charges
<br />Sewer charges 576,346 I
<br />Depreciation 75,299 67,459
<br /> TOTAL OPERATING EXPENSES 901,872 1,005,858
<br />OPERATING INCOME 142,1I7 85,728 I
<br />NONOPERATING INCOME I
<br />Interest on investments 53,952 69,218
<br />NET INCOME BEFORE OPERATING TRANSFERS 196,069 154,946 I
<br />OPERATING TRANSFER OUT (74,122)
<br />NET INCOME 121,947 154,946 I
<br />CREDIT ARISING FROM REDISTRIBUTION OF I
<br />DEPRECIATION ON CONTRIBUTED ASSETS 49,432 56,579
<br />INCREASE IN RETAINED EARNINGS 171,379 211,525 -
<br />RETAINED EARNINGS, JANUARY I 1,265,959 1,399,805
<br />RETAINED EARNINGS, DECEMBER 31 $ 1,437,338 $ 1,611,330 el
<br /> -44- I
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