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<br />Exhibit F-2
<br />CITY OF ORONO. MINNESOTA
<br />Enterprise Funds
<br />Combining Statement of Revenue, Expenses, and Changes in Retained Earnings (continued)
<br />Year Ended December 31,1998
<br />(with Comparative Totals for Year Ended December 31,1997)
<br />Golf
<br />-76-
<br />Water
<br />OperatinK
<br />Sewer
<br />Operating
<br />Course
<br />Operating
<br />Totals
<br />1998 1997
<br />Nonoperating revenue (expense)
<br />Property tax revenue 105,394 242 -105,636 108,009
<br />Connection fee 64,356 37,524 —101,880 —
<br />Water tower rental fee 49,499 ——49,499 —
<br />Intergovernmental revenue -7,102 -7,102 24,807
<br />Special assessments levied 288,750 -—288,750 -
<br />Interest earned on investments 20,841 107,267 14,976 143,084 113,145
<br />Interest on special assessments 12,453 10,869 —23,322 26,349
<br />Interest income from MCES —6,735 —6,735 1,313
<br />Amortization of deferred credits -9,530 —9,530 9,530
<br />Interest expense (22.625)(22,097)-(44,722)(54.022)
<br />Revenue bond expense (81)(80)—(161)(162)
<br />Total nonoperating
<br />revenue (expense)518,587 157,092 14,976 690,655 228,969
<br />Net income 557,281 205,327 57,831 820,439 209,621
<br />Credit for depreciation on contributed equity 19,090 100,844 653 120,587 191,704
<br />Net increase in
<br />retained earnings 576,371 306,171 58,484 941,026 401,325
<br />Retained earnings
<br />Beginning of year 449,903 1,967,525 397,021
<br />2,814,449 2,413,124
<br />End of year S 1.026.274 S 2.273.696 S 455.505 S 3.755.475 S 2.814.449
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