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<br />CITY OF CENTERVILLE, MINNESOTA <br />COMBINED STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS <br />ALL PROPRlETARY FUND TYPES <br />YEAR ENDED DECEMBER 31,2001 <br /> <br />Enterprise <br /> <br />OPERATING REVENUE <br />Charges for services <br /> <br />$ 386,602 <br /> <br />OPERATING EXPENSES <br />Personal services <br />Supplies and maintenance <br />Other services and charges <br />Utilities <br />MCES disposal charges <br />Depreciation <br /> <br />37,175 <br />70,493 <br />34,181 <br />10,886 <br />131,136 <br />59,099 <br /> <br />TOTAL OPERATING EXPENSES <br /> <br />342,970 <br /> <br />43,632 <br /> <br />OPERATING INCOME <br /> <br />NONOPERATING REVENUE (EXPENSE) <br />Interest on investments <br />Special assessments <br />Hook-up fees and unit charges <br />1nterest expense <br /> <br />75,746 <br />104,462 <br />201,297 <br />(28,553) <br /> <br />TOTAL NONOPERATING REVENUE (EXPENSE) <br /> <br />352,952 <br /> <br />INCOME BEFORE OPERATING TRANSFERS <br /> <br />396,584 <br /> <br />(60,508) <br /> <br />OPERATING TRANSFERS OUT <br /> <br />NET INCOME <br /> <br />336,076 <br /> <br />CREDIT FOR DEPRECIATION ON CONTRIBUTED ASSETS <br /> <br />39,422 <br /> <br />NET INCREASE IN RETAINED EARNINGS <br /> <br />375,498 <br /> <br />RETAINED EARNINGS, JANUARY 1 <br /> <br />2,856,378 <br /> <br />RETAINED EARNINGS, DECEMBER 31 <br /> <br />$ 3,231,876 <br /> <br />See Notes to Financial Statements. <br /> <br />-8- <br />