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CITY OF MOUNDS VIEW, MINNESOTA
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<br /> WATER ENTERPRISE FUND I
<br /> HISTORICAL STATEMENT OF REVENUE,EXPENSES AND
<br /> 1111
<br /> CHANGES IN RETAINED EARNINGS
<br /> For the years ended December 31, 1991, 1992, 1993, 1994 and 1995
<br /> Percent
<br /> 1991 1992 Increase
<br /> Operating revenue:
<br /> Charges for services:
<br /> User fees $396,946 $486,834 22.64%
<br /> Customer service 8,576 1,732 (79.80%)
<br /> Connection charges 100 300 200.00%
<br /> Penalties and late charges 8,337 7,510 (9.92%)
<br /> Other revenue 7,062 12,065 70.84%
<br /> Total operating revenue 421,021 508,441 20.76%
<br /> Operating expenses:
<br /> Personal services 159,442 175,730 10.22%
<br /> Administrative charges-General Fund 49,524 52,000 5.00%
<br /> Supplies 45,169 40,578 (10.16%)
<br /> Contractual services 102,404 85,664 (16.35%)
<br /> Other charges 7,553 1,500 (80.14%)
<br /> Depreciation:
<br /> On assets aquired with own funds 22,600 43,169 91.01
<br /> On assets aquired from contributions 104,558 94,778 (9.35%)
<br /> Total operating expense 491,250 493,419 0.44%
<br /> Net income(loss)from operations (70,229) 15,022 121.39%
<br /> Other income(expense):
<br /> Interest on investments 111,746 93,326 (16.48%)
<br /> Interest and paying agent fees
<br /> Net other income(expense) 111,746 93,326 (16.48%)
<br /> Net income(loss)before operating transfer 41,517 108,348 160.97%
<br /> Operating transfers:
<br /> Operating transfers in
<br /> Operating transfers out (23,604) (27,719) (17.43%)
<br /> Total operating transfers (23,604) (27,719) (17.43%)
<br /> Net Income 17,913 80,629 350.11%
<br /> Credit arising from transfer of depreciation on
<br /> contributed capital 104,558 94,778
<br /> Retained earnings-January 1 2,137,501 2,259,972 4111
<br /> Retained earnings-December 31 $2,259,972 $2,435,379
<br /> For internal use only-not to be relied on by others for any purpose. t
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