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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, 2005 AND 2004
<br /> Business-type Activities - Enterprise Funds
<br /> Water Sewer
<br /> 2005 2004 2005 2004
<br />OPERATING REVENUES
<br />Charges for services $ 220,199 $ 193,938 $ 287,443 $ 254,694
<br />OPERATING EXPENSES
<br />Salaries and benefits 57,979 47,823 60,106 48,882
<br />Supplies 20,045 15,615 1,479 1,680
<br />Other services and charges 38,934 39,084 61,267 21,956
<br />Utilities 2,751 2,118 1,391 1,060
<br />MCES - disposal charges 137,494 115,945
<br />Depreciation and amortization 81,171 76,208 89,396 85,015
<br />TOTAL OPERATING EXPENSES 200,880 180,848 351,133 274,538
<br />OPERATING INCOME (LOSS) 19,319 13,090 (63,690) (19,844)
<br />NONOPERATING REVENUES (EXPENSES)
<br />Interest on inves1ments 19,934 28,622 60,767 54,151
<br />Special assessments 19,138 25,636 6,224 14,422
<br />Hook up fees and unit charges 75,960 75,451 76,407 64,593
<br />Interest expense (5,089) (8,611) (4,310) (10,523)
<br />TOTAL NONOPERATING
<br />REVENUES (EXPENSES) 109,943 121,098 139,088 122,643
<br />INCOME BEFORE
<br />CONTRIBUTIONS AND TRANSFERS 129,262 134,188 75,398 102,799
<br />CAPITAL CONTRIBUTIONS FROM OTHER FUNDS 39,108 372,232 15,117
<br />TRANSFERS IN 24,907 8,704 3,635
<br />TRANSFERS OUT (40,000) (3,635)
<br />CHANGE IN NET ASSETS 153,277 502,785 84,102 121,551
<br />NET ASSETS, JANUARY 1 4,313,515 3,810,730 4,450,753 4,329,202
<br />NET ASSETS, DECEMBER 31 $ 4,466,792 $ 4,313,515 $ 4,534,855 $ 4,450,753
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<br />The notes to the financial statements are an integral part of this statement.
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