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CITY OF OROm. MINNESOTA <br />Exhibit A-4 <br />Statement of Revenue, Expenses, and Changes in Retained Earnings <br />Prcprielaiy Fund T vt ^ <br />Years Ended December 31.1*9^4 and 1993 <br />See notes to financial slalcnicnls <br />-27- <br />Enienrise Funds <br />1994 1993 <br />Sales and cost of sales <br />Sales S 16.158 S 142'51 <br />Cost of sales 7J109 8.601 <br />Gross profit 8J149 5.750 <br />operating revenue <br />Metered water sales 1W.2(18 151.798 <br />User charges 544.471 397.993 <br />Great fees 13().5.12 112.308 <br />Equipment rental .31.594 23.751 <br />Other 16.935 47.151 <br />Total q^eraling revenue 928.740 733,001 <br />Total gross pn)fil and operating a venue 937,089 738.751 <br />Operating expenses <br />Personal serv ices 263.931 246,470 <br />Purchased water 6.985 11,635 <br />Sewer disposal charges 282.592 293.536 <br />Professional sen ices 11.716 12.868 <br />Operating and maintenance supplies 20^363 19.866 <br />Heat, light, and pemer 45.812 46.630 <br />Deprecialkin 2172120 202,58“’ <br />Rent and equipment 72136 7.194 <br />Maintenance and rcpaiis 50.588 43.692 <br />Administrative and other expense 91.520 88,744 <br />C3lher expenses 11.426 4,80^> <br />Total operating expenses 1.009.589 977.978 <br />Operating loss (72.500)(2.39.227) <br />Nc’tnoperating revenue (expense) <br />Pn^perty tax revenue 67.576 — <br />Interest income 121.121 122.047 <br />Amortization of deferred credils 9J1.30 9.5.30 <br />Interest expense (127.416)(138.255) <br />Revenue bond expense (435)(419) <br />Loss on sale of assets (8.774)— <br />Total nonoperating revenue (expense)61.602 (7.0*)?) <br />D>ss before operating transfers (10,898)(24(..324) <br />Operating transters in -261.088 <br />Operating transfers (out)—(20.088) <br />lotal (’peralmg transfers in (t>ul)241.CKX) <br />Net li^ss (10.898)(5.324) <br />Credit for depreciation on ci^itrilxjted assets 156.882 156.488 <br />Increase in retained earnings 145,984 151.164 <br />Retained earnings <br />Beginning of year 1.911.947 1.76D.783 <br />lind of Year S 2.057.931 S 1.911.947 <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />i