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<br />"1
<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, 1996
<br />(with Comparative Totals for Year Ended December 31, 1995)
<br />Exhibit F-2
<br />Golf
<br />r Water Sewer Course Totals
<br />Operating Operating_Operating 1996 __1995
<br />Nonoperating revenue (expense)
<br />. 1
<br />Property tax revenue 90,175 3,391 —93,566 83,794
<br />mmU Interest earned on investments 8,014 97,015 12,573 117,602 108,267
<br />Interest on special assessments 20,249 13,996 34,245 8,532
<br />'Interest income from MWCC —11,160 11,160 11,998
<br />•Amortization of deferred credits —9,531 9,531 9,530
<br />Interest expense (41,727)(40,755)—(82,482)(115,962)
<br />Revenue bond expense (551) (549)
<br />—(1,100)(405)
<br />Loss on disposal of assets —(260)(3,252)(3,512)(9,164)
<br />Total nonoperating
<br />revenue(expense)76,160 93,529 ___9,3^1 179,0i0 96,590
<br />Income (loss) before other
<br />■)
<br />financing sources (uses)77,514 (50,281)57,016 84,249 (83,108)
<br />.1,I
<br />p
<br />Other financing sources (uses)
<br />Operating transfers in 70,000 —70,000
<br />i Operating transfers (out)—(70,000)—(70,000)
<br />^1 ■
<br />Total other financing sources (uses)70,600 (70,000)-
<br />fT*)i
<br />Net income (loss)147,514 (120,281)57,016 84,249 (83,108)
<br />S1
<br />Credit for depreciation on contributed equity 32,886 158,895 793 192,574 157,647
<br />Net increase in
<br />i retained earnings 180,400 38,614 57,809 276,823 74,539
<br />Retained earnings
<br />i Beginning of year 156,238 1,711,219 _ 268,844 2,136,301 2,061,762
<br />End of year 5 33^6^638 $ 1,749_,833 $326^653,$^413,124 |2,136,10X
<br />-78-
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