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<br />CITY OF CENTERVILLE, MINNESOTA
<br />ENTERPRISE FUNDS
<br />COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS
<br />YEAR ENDED DECEMBER 31, 2001
<br />(With comparative totals for the year ended December 31, 2000)
<br />
<br /> Totals
<br /> Water Sewer 2001 2000
<br />OPERATING REVENUE
<br />Charges for services $ 184,481 $ 202,121 $ 386,602 $ 327,736
<br />OPERATING EXPENSES
<br />Salaries and benefits 21,640 15,535 37,175 42,504
<br />Supplies 66,645 3,848 70,493 26,999
<br />Other services and charges 26,008 8,173 34,181 15,523
<br />Utilities 9,712 1,174 10,886 10,558
<br />MCES - Disposal charges 131,136 131,136 164,125
<br />Depredation 30,717 28,382 59,099 39,891
<br />TOTAL OPERATING EXPENSES 154,722 188,248 342,970 299,600
<br />OPERATING INCOME 29,759 13,873 43,632 28,136
<br />NONOPERATING REVENUE (EXPENSE)
<br />Interest on investments 30,558 45,188 75,746 109,859
<br />Special assessments 46,579 57,883 104,462 87,567
<br />Hook up fees and unit charges 101,628 99,669 20 J ,297 257,223
<br />Interest expense (12,849) (15,704) (28,553) (31,027)
<br />TOTAL NONOPERATING REVENUE (EXPENSE) 165,916 187,036 352,952 423,622
<br />INCOME BEFORE OPERATING TRANSFERS 195,675 200,909 396,584 451,758
<br />OPERATING TRANSFERS OUT (27,432) (33,076) (60,508) (21,000)
<br />NET INCOME 168,243 167,833 336,076 430,758
<br />CREDIT FOR DEPRECIATION ON CONTRIBUTED
<br />ASSETS 19,045 20,377 39,422 33,610
<br />NET INCREASE IN RETAINED EARNINGS 187,288 188,210 375,498 464,368
<br />RETAINED EARNINGS, JANUARY 1 1,222,532 1,633,846 2,856,378 2,392,010
<br />RETAINED EARNINGS, DECEMBER 31 $ 1,409,820 $ 1,822,056 $ 3,231,876 $ 2,856,378
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