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I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />l-Ahihil 1-2 <br />cm’ OF ORONO, %fTNNESOTA <br />Enteqprise Funds <br />Combining Statement of Rex’enue, Expenses, and Changes in RcUnned Earnings (continued) <br />Year Ended December .M. 1994 <br />(with Con^rative Totals for Year Ended December 31. 199,3) <br />Cit>lf <br />Water Sewer Course T«Mji 1 s <br />Operating Operating Operating 1994 1993 <br />NcTnoperaling revenue (expense) <br />Property tax rev’cnuc 34,295 33,281 —67.576 — <br />Interest earned on investments 4,324 87.528 5,582 97,434 95.416 <br />Interest on special assessments 2,356 8,465 —10,821 12.952 <br />Interest income from MWCX'-12.866 —12,866 13.679 <br />Amortization of deferred credits —9,530 —9,530 9.530 <br />Interest expense (64.472)(62.944)—(127.416)(138,255) <br />Revenue bond expense (219)(216)—(435)(419) <br />Loss on sale of assets --(8,774)(8.774)— <br />Total nontfterating <br />resenuc (expense)(23.716)88.510 (3.192)61.602 (7.097) <br />Income (loss) before <br />operating transfers (52.788)(2.740)44.630 (10.898) <br />(246.324) <br />Operating transfers in (out) <br />From 1980 Improvement Bonds Fund ————241.000 <br />From Sewer Operating I'und -———20.088 <br />To Sewer Operating Fund ————(20.088) <br />Total operating transfers in (out)—-——241.(KM) <br />Net income (loss)(52.788)(2.74(1)44,630 (10,898)(5.324) <br />Credit ftrr depreciation on contributed equity 34.873 121.7.‘i5 254 156.882 156,488 <br />Net increase (tkerease) <br />in retained earnings (17.915)119.015 44.8M 145,984 151,164 <br />ReUiincd earnings <br />Beginning of year 176.511 1,565.063 170,373 1,911.947 1,760.783 <br />End of year $ f5S.5%$ 1,684,078 S 2)5,257^$A0 ‘57,9.3L $ 1,911.947 <br />-83-