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CITY OF CENTERVILLE, MINNESOTA
<br /> ENTERPRISE FUNDS
<br /> COMBINING STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS
<br /> YEAR ENDED DECEMBER 31, 1999
<br /> (With comparative totals for the year ended December 31, 1998)
<br /> Totals
<br /> Water Sewer 1999 1998
<br /> OPERATING REVENUE
<br /> Charges for services $ 119,627 $ 148,870 $ 268,497 $ 229,001
<br /> Hookup fees, unit charges and other 223,681 348,897 572,578 650,716
<br /> TOTAL OPERATING REVENUE 343,308 497,767 841,075 879,717
<br /> OPERATING EXPENSES
<br /> Salaries and benefits 16,710 14,087 30,797 30,828
<br /> Supplies 22,948 963 23,911 52,142
<br /> Other services and charges 25,074 10,870 35,944 40,697
<br /> Utilities 7,511 2,917 10,428 6,924
<br /> MCES - Disposal charges - 195,866 195,866 254,711
<br /> Depreciation 21,965 15,644 37,609 34,103
<br /> TOTAL OPERATING EXPENSES 94,208 240,347 334,555 419,405
<br /> OPERATING INCOME 249,100 257,420 506,520 460,312
<br /> NONOPERATING REVENUE (EXPENSE)
<br /> Interest on investments 29,047 45,588 74,635 58,443
<br /> Interest expense (15,726) (19,220) (34,946) -
<br /> TOTAL NONOPERATING REVENUE (EXPENSE) 13,321 26,368 39,689 58,443
<br /> INCOME BEFORE OPERATING TRANSFERS 262,421 283,788 546,209 518,755
<br /> OPERATING TRANSFERS TO OTHER FUNDS (54,693) (29,421) (84,114) -
<br /> NET INCOME 207,728 254,367 462,095 518,755
<br /> CREDIT FOR DEPRECIATION ON CONTRIBUTED
<br /> ASSETS 16,596 14,132 30,728 27,903
<br /> INCREASE IN RETAINED EARNINGS 224,324 268,499 492,823 546,658
<br /> RETAINED EARNINGS, JANUARY 1 772,871 1,126,316 1,899,187 1,352,529
<br /> RETAINED EARNINGS, DECEMBER 31 $ 997,195 $1,394,815 $2,392,010 $1,899,187
<br /> -50-
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