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CITY OF ORONO, MINNESOTA
<br />Sewer Opcraticg Fund
<br />Comparative Statement of Revenue, Expenses, and Changes in Retained Earnings
<br />Years Ended December 31, 1995 and 1994
<br />E .hibit F-8
<br />1995 1994
<br />Operating revenue
<br />User charges $ 578,149 S 544,471
<br />Other 1,241 7.492
<br />Total operating revenue 579,390 551,963
<br />Operating expenses
<br />Salaries and wages 104,952 105.163
<br />Retirement contnbutions 12,443 12,365
<br />Health and life insurance contnbutions 4,823 5,553
<br />Sewer disposal charges 329,536 282,592
<br />Professional services 42,697 4,156
<br />Operating and maintenance supplies 5,804 4.322
<br />Heat, light, and power 21,112 17,409
<br />Depreciation 144,461 145,567
<br />Viaintenince and repairs 35,346 24,967
<br />Administrative charges from General Fund 16,130 16,550
<br />Communications 1,634 2,836
<br />Office supplies 42 no
<br />Pnnting, publishing, and advertising 709 511
<br />Data processing 8,268 6,807
<br />Insurance 13,906 12,483
<br />Other expenses 29,249 6,219
<br />Total operating expenses 771.112 647,610
<br />Operating loss (191.722)(95,647)
<br />Nonoperating revenue (expense)
<br />Property taxes 43,208 37.678
<br />Interest earned on investments
<br />Debt service 266 462
<br />Operations 54,505 49,949
<br />Construction 40,277 37.117
<br />Interest income on special assessments 7,354 8,465
<br />Interest income from MWCC 11,998 12,866
<br />Amortization of deferred credits 9,530 9,530
<br />Interest expense on revenue bonds (57,296)(62,944)
<br />Revenue bond expense (200)(216)
<br />Loss on disposition of assets (10.225)—
<br />Total nonoperating revenue (expense)99,417 92,907
<br />Net loss (92,305)(2.740)
<br />Credit for depreciation on contnbuted equity 124.052 121,755
<br />Increase in retained earnings 31,747 119,015
<br />Retained earnings
<br />Beginning of yeai 1,679,472 1,560,457
<br />End of year $ 1,711,219 S 1,679,472
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