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<br /> CITY OF CENTERVILLE, MINNESOTA
<br /> STATEMENTS OF REVENUES, EXPENSES AND
<br /> CHANGES IN FUND NET ASSETS
<br /> PROPRIETARY FUNDS
<br /> YEARS ENDED DECEMBER 31, 2006 AND 2005
<br /> Business-type Activities - Enterprise Funds
<br /> Water Sewer
<br /> 2006 2005 2006 2005
<br />OPERATING REVENUES
<br />Charges for services $ 273,996 $ 235,299 $ 303,294 $ 290,351
<br />OPERATING EXPENSES
<br />Salaries and benefits 61,651 57,979 63,792 60,106
<br />Supplies 18,495 20,045 4,616 1,479
<br />Other services and charges 115,599 38,934 50,044 61,267
<br />Utilities 1,915 2,751 1,260 1,391
<br />MCES - disposal charges 144,137 137,494
<br />Depreciation 151,858 81,171 99,521 89,396
<br />TOTAL OPERATING EXPENSES 349,518 200,880 363,370 351,133
<br />OPERATING INCOME (LOSS) (75,522) 34,419 (60,076) (60,782)
<br />NONOPERATING REVENUES (EXPENSES)
<br />Interest on investments 14,865 19,934 76,425 60,767
<br />Intergovernmental
<br />Special assessments 47,907 19,138 18,134 6,224
<br />Hook up fees and unit charges 27,568 60,860 39,494 73,499
<br />Miscellaneous revenue 3,000
<br />Interest expense (45) (5,089) (55) (4,310)
<br />TOTAL NONOPERATING
<br />REVENUES (EXPENSES) 93,295 94,843 133,998 136,180
<br />INCOME BEFORE
<br />CONTRIBUTIONS AND TRANSFERS 17,773 129,262 73,922 75,398
<br />CAPITAL CONTRIBUTIONS FROM OTHER FUNDS 390,413 39,108 152,071
<br />CAPITAL CONTRIBUTIONS BY DEVELOPERS 95,575 88,745
<br />TRANSFERS IN 24,907 8,704
<br />TRANSFERS OUT (40,000)
<br />CHANGE IN NET ASSETS 503,761 153,277 314,738 84,102
<br />NET ASSETS, JANUARY 1 4,466,792 4,313,515 4,534,855 4,450,753
<br />NET ASSETS, DECEMBER 31 $ 4,970,553 $ 4,466,792 $ 4,849,593 $ 4,534,855
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<br />The notes to the financial statements are an integral part of this statement.
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