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<br /> CITY OF CENTERVlLLE, MINNESOTA
<br />STATEMENT OF REVENUE, EXPENSES AND CHANGES IN FUND NET ASSETS
<br /> PROPRIETARY FUNDS
<br /> YEAR ENDED DECEMBER 31,2003
<br /> Business-type Activities ~
<br /> EnteIpOse Funds
<br /> Water Sewer Totals
<br />OPERATING REVENUE
<br />Charges for services $ 195,229 $ 233,299 $ 428,528
<br />OPERATING EXPENSES
<br />Salaries and benefits 45,217 44,477 89,694
<br />Supplies 32,259 575 32,834
<br />Other services and charges 39,895 13,693 53,588
<br />Utilities 2,922 1,441 4,363
<br />MCES - Disposal cbarges 126,693 126,693
<br />Depreciation and amortization 66,515 65,734 132,249
<br />TOTAL OPERATING EXPENSES 186,808 252,613 439,421
<br />OPERATING INCOME (LOSS) 8,421 (19,314) (10,893)
<br />NONOPERATING REVENUE (EXPENSE)
<br />Interest on investments 29,894 45,938 75,832
<br />Special assessments 322,521 202,570 525,091
<br />Hook np rees and unit cbarges 94,735 94,574 189,309
<br />InteRst expense (14,515) (17,837) (32,352)
<br />TOTAL NONOPERATING REVENUE (EXPENSE) 432,635 325,245 757,880
<br />INCOME BEFORE CONTRIBUTIONS AND TRANSFERS 441,056 305,931 746,987
<br />CAPITAL CONTRIBUTIONS FROM OTHERPUNDS 194,929 75,7\2 270,641
<br />OPERATING TRANSFERS OUT (10,540) (10,540)
<br />CHANGES IN NET ASSETS 625,445 381,643 1,007,088
<br />TOTAL NET ASSETS, JANUARY] 2,437,661 3,197,592 5,635,253
<br />PRIOR PERIOD ADJUSTMENT 747,626 749,967 1,497,593
<br />TOTAL NET ASSETS, DECEMBER 31 $ 3,810,732 $ 4,329,202 $ 8,139,934
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