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r <br />Exhibit F-8 1 <br />CITY OF ORONO. MINNESOTA <br />Sewer Operating Fund <br />Comparative Statement of Revenue, Expenses, and Changes in Retained Earnings 1 * <br />Years Ended December 31. 1996 and 1995 <br />1996 __1995 * ‘ <br />Operating revenue <br />User charges $ 619,169 $ 578.149 <br />Other 2,066 1,241 <br />Total operating revenue 621,235 579.390 1 <br />Operating expenses <br />Salaries and wages 105,281 104,952 <br />Retirement contributions 12,354 12,443 » • <br />Health and life insurance contributions 3,177 4.823 <br />Sewer disposal charges 318,940 329,536 w <br />Professional services 15,699 42,697 <br />Operating and maintenance supplies 11,748 5.804 •»» <br />Heat, light, and power 17,141 21.112 <br />Depreciation 184,730 144.461 <br />Maintenance and repairs 58.356 35.346 <br />Administrative charges from General Fund 16.840 16.130 <br />w <br />Communications 1,331 1.634 <br />Office supplies 283 42 <br />mm <br />Printing, publishing, and advertising 1,108 709 <br />Data processing 193 8.268 <br />Insurance 13.257 13.906 <br />Other expenses 4,607 29.249 <br />Total operating expenses "765,045 771,1 i2 |p< <br />Operating loss (143,810)(191,722) <br />Nonoperating revenue (expense) <br />Property tax revenue <br />Interest earned on investments <br />3,391 43.208 <br />Debt service —266 <br />Operations 51,627 54.505 <br />Construction 45.388 40.277 ^ I <br />Interest income on special assessments 13.996 7.354 <br />Interest income from MWCC 11,160 11,998 m <br />Amortization of deferred credits 9,531 9,530 <br />Interest expense on revenue bonds (40.755) (57,296) <br />Rev enue bond expense (549)(200)A. <br />Loss on disposal of assets <br />Total nonoperating revenue (expense) <br />(260) <br />93,529 <br />(10.225) <br />'99'4f7' <br />km <br />PH <br />Loss before operating transfers (50,281)(92.305) <br />Operating transfers (out)(70,000) <br />- * ■¥ * <br />Net loss (120.281)(92,305)- <br />Credit for depreciation on contributed equity 158.895 124.052 <br />Increase in retained earnings 38.614 31.747 - <br />Retained earnings ¥■ • <br />Beginning of year I.71I.2I9 1,679.472 <br />End of year S 1.749,833 S 1,711.219 <br />-87-