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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, 1999
<br /> (With comparative totals for the year ended December 31, 1998)
<br /> .
<br /> Water Sewer .
<br />OPERATING REVENUE
<br />Charges for services $ 1,041,341 $ 955,027
<br />Permit fees 5,293 560 .
<br />Recycling grant
<br />Miscellaneous 11,849 25,743
<br />SAC administration fee 74,550 .
<br /> TOTAL OPERATING REVENUE 1,058,483 1,055,880
<br />OPERATING EXPENSES .
<br />Personal services 150,812 145,445
<br />Supplies and maintenance 11,917 73,808
<br />Other services and charges 41,654 50,587 .
<br />Rent 14,900 14,900
<br />Insurance 19,619 19,619
<br />Utilities 6,686 21,529 .
<br />Purchased services 17,951 1,465
<br />Purchased water 603,956
<br />Recycling charges 491,07; ..
<br />Sewer charges
<br />Depreciation 75,753 91,088
<br /> TOTAL OPERATING EXPENSES 943,248 909,520 .
<br />OPERATING INCOME 115,235 146,360 .
<br />NONOPERATING INCOME
<br />Interest on investments 44,136 46,426
<br />NET INCOME BEFORE OPERATING TRANSFERS 159,371 192,786 .
<br />OPERATING TRANSFER OUT (78,528) .
<br />NET INCOME 80,843 192,786
<br />CREDIT ARISING FROM REDISTRIBUTION OF .
<br />DEPRECIATION ON CONTRIBUTED ASSETS 49,432 56,579
<br />INCREASE IN RETAINED EARNINGS 130,275 249,365 .
<br />RETAINED EARNINGS, JANUARY I 1,437,338 1,611,330
<br />RETAINED EARNINGS, DECEMBER 31 $ 1,567,613 $ 1,860,695 J
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<br /> -42- .
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