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<br /> CITY OF CBNTERVILLE, MINNESOTA
<br /> ENlERPRISE FUNDS
<br />i COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS
<br /> YEAR ENDED DECEMBER 31,2002
<br /> (With comparative totals for the year ended December 31, 2001)
<br /> Totals
<br /> Water Sewer 2002 2001
<br />I I
<br /> OPERATING REVENUE
<br /> Charges for services $ 158,122 $ 248,113 $ 406,235 $ 386,602
<br /> OPERATING EXPENSES
<br /> Salaries and benefits 37,079 30,950 68,029 37,175
<br /> Supplies 31,604 4,483 36,087 70,493
<br /> Other services and charges 15,172 38,251 53,423 34,181
<br /> Utilities 2,904 1,455 4,359 10,886
<br /> MCES - Disposal charges 109,200 109,200 131,136
<br /> Depreciation 30,718 28,528 59,246 59,099
<br />i
<br />.! TOTAL OPERATING EXPENSES 117,477 212,867 330,344 342,970
<br /> OPERATING INCOME (LOSS) 40,645 35,246 75,891 43,632
<br /> NONOPERATING REVENUE (EXPENSE)
<br />I , Interest on investments .19,476 29,351 48,827 75,746
<br /> Special assessments 82,193 84,929 167,122 104,462
<br /> Hook up fees and unit charges 98,375 105,129 203,504 201,297
<br /> Interest expense (11,070) (14,951) (26,021) (28,553)
<br /> TOTAL NONOPERATING REVENUE (EXPENSE) 188,974 204,458 393,432 352,952
<br /> INCOME BEFORE OPERATING TRANSFERS 229,619 239,704 469,323 396,584
<br /> OPERATING TRANSFERS OUT (378,503) (169,894) (548,397) (60,508)
<br /> NET INCOME (LOSS) (148,884) 69,810 (79,074) 336,076
<br /> CREDIT FOR DEPRECIATION ON CONTRIBUTED
<br /> ASSETS 19,045 20,523 39,568 39,422
<br /> NET INCREASE (DECREASE) IN RETAINED EARNINGS (129,839) 90,333 (39,506) 375,498
<br /> RETAINED EARNINGS, JANUARY 1 1,409,820 1,822,056 3,231,876 2,856,378
<br /> RETAINED EARNINGS, DECEMBER 31 $ 1,279,981 $ 1,912,389 $ 3,192,370 $ 3,231,876
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