07-08-1996 Council Packet - Laserfiche WebLink

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Exhibit A-4 CITY OF ORONO, MINNESOTA Statement of Revenue. Expenses, and Changes in Retained Earnings Proprietar) Fund T)^* Years Ended December 31.1993 and 1994 See notes to financial statements -25- Enterprise Funds 1995 1994 Sales and cost of sales Sales $ 17,7:8 S 16,158 Cost of sales 10,467 7,809 Gross profit 7.261 8.349 Operating revenue Metered water sales 220.848 199.208 User charges 578.149 544.471 Green fees 136.809 136,532 Equipment rental 29.084 31.594 Other 4.811 12.538 Total operating revenue 969,701 924.343 Total gross profit and operating revenue 976.962 932,692 Operating expenses Personal services 2''1.3 56 263.931 Purchased water 10.878 6,985 Sewer disposal charges 329,536 282,592 Professional services 76.262 11.716 Operating and maintenance supplies 25,780 20.363 Heat, light, and power 45,496 45,812 Depreciation 222.246 217,320 Rent and equipment 5,456 7,336 Maintenance and repairs 49,270 50,588 Administrative and other expense 93,293 91,520 Other expenses 37,087 11.426 Total operating expenses 1,156,660 1.009.589 Operating loss (179,698) (76,897) Nonoperating revenue (expense) Propert)^ tax revenue 83,794 71,973 Interest income 128,797 121,121 Amortization of deferred credits 9,530 9.530 Interest expense (115,962)(127,416) Revenue bond expense (405)(435) Gaia^loss) on sale of assets (9.164)(8,774) Total nonoperating revenue (expense)96.590 65.999 Net loss (83,108)(10.898) Credit for depreciation on contributed assets 157.647 156,882 Net increase in retained earnings 74,539 145,984 Retained earnings Beginning of year 2,061,762 1.915.778 End of year S 2.136.301 $2,061,762 1..1 1 I I 1 1 I I J I I I I I I I