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<br />. CITY OF ARDEN HILLS, MINNESOTA
<br /> ENTERPRISE FUNDS
<br />COMBINING STATEMENT OE REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS
<br /> YEAR ENDED DECEMBER 31, 2003
<br /> (With comparative totals for the year ended December 31, 2002)
<br /> Surface
<br /> Water
<br /> Water Sewer Recycling Management
<br /> OPERATING REVENUE
<br /> Charges for services $ 1,102,036 $ 841,785 $ 107,758 $ 177,387
<br /> Permit fees 4,205 770
<br /> Miscellaneous 8,922 6,421 228 1,395
<br /> TOTAL OPERATING REVENUE 1,115,163 848,976 107,986 178,782
<br /> OPERATING EXPENSES
<br /> Personal services 162,726 207,420 6,556 76,361
<br /> Supplies and maintenance 18,088 26,058 250 3,419
<br /> Other services and charges 67,555 194,055 6,065 16,083
<br /> Rent 16,500 16,500
<br /> Insurance 17,004 17,004
<br /> Utilities 9,963 25,632
<br /> Purchased services 20,520 8,089 1,108
<br /> Purchased water 691,913
<br /> Recycling charges 83,492
<br /> Sewer charges 51 ],941
<br /> Depreciation 89,073 89,89] 1,793
<br />. TOTAL OPERATING EXPENSES 1,093,342 1,096,590 97,471 97,656
<br />OPERATING INCOME (LOSS) 21,821 (247,614) 10,515 81,126
<br /> NONOPERATING REVENUE
<br /> County recycling grant 16,669
<br /> Interest on in vestments 30,456 9,527 (133) 8,068
<br /> TOTAL NONOPERATING REVENUE 30,456 9,527 16,536 8,068
<br /> NET INCOME (LOSS) 52,277 (238,087) 27,051 89,194
<br /> CREDIT ARISING FROM RED1STRlBUTlON OF
<br /> DEPRECIATION ON CONTRIBUTED ASSETS 49,432 56,579
<br /> NET INCREASE (DECREASE) IN RETAINED EARNINGS 101,709 (181,508) 27,051 89,194
<br /> RETAINED EARNINGS, JANUARY] 1,983,615 2,076,323 54,113 666,016
<br /> RETAINED EARNINGS, DECEMBER 31 $ 2,085,324 $ 1,894,815 S 81,164 $ 755,210
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