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CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENTS OF REVENUES, EXPENSES AND
<br />CHANGES IN FUND NET ASSETS
<br />PROPRIETARY FUNDS
<br />YEARS ENDED DECEMBER 31, 2010 AND 2009
<br />Business-type Activities - Enterprise Funds
<br />601602
<br />WaterSewer
<br />2010200920102009
<br />OPERATING REVENUES
<br />Charges for services$ 305,056$ 298,999$ 319,947$ 322,369
<br />OPERATING EXPENSES
<br />Salaries and benefits 90,448 90,959 90,334 88,055
<br />Supplies 20,248 35,488 1,522 2,968
<br />Other services and charges 38,982 47,481 26,233 52,061
<br />Utilities 15,068 13,005 2,977 2,877
<br />MCES - disposal charges - - 182,604 176,048
<br />Depreciation 180,325 180,326 118,926 118,927
<br />TOTAL OPERATING EXPENSES 345,071 367,259 422,596 440,936
<br />OPERATING LOSS (40,015) (68,260) (102,649) (118,567)
<br />NONOPERATING REVENUES (EXPENSES)
<br />Interest earnings 9,779 21,070 25,630 54,752
<br />Special assessments 109,992 22,960 23,889 19,213
<br />Hook up fees and unit charges 55,926 5,485 11,313 8,136
<br />Miscellaneous revenue 12 - - -
<br />TOTAL NONOPERATING
<br />REVENUES (EXPENSES) 175,709 49,515 60,832 82,101
<br />INCOME (LOSS) BEFORE TRANSFERS 135,694 (18,745) (41,817) (36,466)
<br />TRANSFERS OUT - (229,121) - (140,492)
<br />CHANGE IN NET ASSETS 135,694 (247,866) (41,817) (176,958)
<br />NET ASSETS, JANUARY 1 4,923,941 5,171,807 5,039,203 5,216,161
<br />NET ASSETS, DECEMBER 31$ 5,059,635$ 4,923,941$ 4,997,386$ 5,039,203
<br />The notes to the financial statements are an integral part of this statement.
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