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i' <br />f. <br />ii- <br />■i <br />CITY OF ORONO, MINNESOTA <br />Exhibit A-4 <br />Statement of Revenue, Expenses, and Changes in Retained Earnings <br />Proprietary Fund Type <br />Years Ended l>v:'**nhcr iCdA Wv5 <br />See notes to financial statements <br />-24- <br />Enterprise Funds <br />__1996___•995 _k <br />Sales and cost of sales <br />Sales $ 19.163 S 17.728 <br />Cost of sales 11.315 10.467 <br />Gross profit 7.848 7.261 ^ • <br />Operating revenue <br />Metered water sales 249,504 220.848 <br />User charges 619,169 578,149 <br />Green fees 152.947 136.809 <br />Equipment rental 31.523 29.084 <br />Other 4.135 4.811 i <br />Total operating revenue 1.057.278 969.701 <br />Total gross profit and operating revenue 1.065.126 976.962 - <br />Operating expenses >... 4 <br />Personal serv ices 276.301 261,356 <br />Purchased water 13,092 10,878 <br />Sewer disposal charges 318.940 329.536 <br />i <br />Professional serv'ices 22.375 76,262 <br />W <br />Operating and maintenance supplies 38,889 25.780 <br />Heat, light, and power 47.992 45.496 <br />Depreciation 257.488 222.246 <br />Rent and equipment 6.977 5,456 <br />Maintenance and repairs 85,981 49.270 <br />Administrative and other expense 84.824 93.293 <br />Other expenses 7.028 37.087 <br />Total operating expenses 1,159,887 _M5y60 <br />Operating loss (94.761)(179.698)-1 <br />Nonoperating revenue (expense) <br />Property tax revenue 93.566 83,794 <br />Interest income 163.007 128.797 # 4 <br />Amortization of deferred credits 9.531 9.530 <br />Interest expense (82.482) (115,962) <br />Revenue bond expense (1.100)(405) <br />Loss on disposal of assets (3.512)(9.1^ <br />Total nonoperating revenue (expense)179.0i0 96.590 c <br />Net income (loss) before other financing sources (uses)84.249 (83,108) <br />Other financing sources (uses)1 <br />Operating transfers in 70.000 —w <br />Operating transfers (out)(70,000)— <br />Total other financing sources (uses)-— <br />Net income (loss)84,249 (83,108)w <br />Credit for depreciation on contributed assets 192,574 157,647 <br />Net increase in retained earnings 276.823 74.539 <br />Retained earnings <br />Beginning of year 2,136.301 2,061.762 <br />End of year 52.413,124 .Sy36,30J^ <br />1 <br />4 <br />mm