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<br /> CITY OF CENTERVILLE, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS
<br /> PROPRIETARY FUNDS
<br /> YEAR ENDED DECEMBER 3 I, 2004
<br /> Business-type Activities -
<br /> Enterprise Funds
<br /> Water Sewer Total
<br />OPERATING REVENUES
<br />Charges for services $ 193,938 $ 254,694 $ 448,632
<br />OPERATING EXPENSES
<br />Salaries and benefits 47,823 48,882 96,705
<br />Supplies 15,615 1,680 17,295
<br />Other services and charges 39,084 21,956 61,040
<br />Utilities 2,118 1,060 3,178
<br />MCES - disposal charges 115,945 115,945
<br />Depreciation and amortization 76,208 85,015 161,223
<br />TOTAL OPERATING EXPENSES 180,848 274,538 455,386
<br />OPERATING INCOME (LOSS) 13,090 (19,844) (6,754)
<br />NONOPERATING REVENUES (EXPENSES)
<br />Interest on investments 28,622 54,151 82,773
<br />Special assessments 25,636 14,422 40,058
<br />Hook up fees and unit charges 75,451 64,593 140,044
<br />Interest expense (8,611) (10,523) (19,134)
<br />TOTAL NONOPERATING REVENUES (EXPENSES) 121,098 122,643 243,741
<br />INCOME BEFORE CONTRlBUTIONS AND TRANSFERS 134,188 102,799 236,987
<br />CAPITAL CONTRIBUTIONS FROM OTHER FUNDS 372,232 15,117 387,349
<br />TRANSFERS IN (OUT) (3,635) 3,635
<br />CHANGES IN NET ASSETS 502,785 121,551 624,336
<br />FUND NET ASSETS, JANUARY I 3,8 I 0, 730 4,329,202 8,139,932
<br />FUND NET ASSETS, DECEMBER 31 $ 4,313,515 $ 4,450,753 $ 8,764,268
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<br />The notes to the financial statements are an integral part of this statement.
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