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r <br />CITY OF ORONO, MINNESOTA <br />Statement of Revenue. Expenses, and Changes in Retained Earnings <br />Proprietary Fund Type <br />Years Ended December 31, 1997 and 1996 <br />Sales and cost of sales <br />Sales <br />Cost of sales <br />Gross profit <br />Operating revenue <br />Metered water sales <br />User charges <br />Green fees <br />Equipment rental <br />Other <br />Total operating revenue <br />Total gross profit and operating revenue <br />Operating expenses <br />Personal services <br />Purchased water <br />Sewer disposal charges <br />Professional services <br />Operating and maintenance supplies <br />Heat, light, and power <br />Depreciation <br />Rent and equipment <br />Maintenance and repairs <br />Administrative and other expense <br />Other expenses <br />Total operating expenses <br />Operating loss <br />Nonoperating revenue (expense) <br />Property tax revenue <br />Intergovernmental revenue <br />Interest income <br />Amortization of deferred credits <br />Interest expense <br />Revenue bond expense <br />Loss on disposal of assets <br />To^ nonoperating revenue (expense) <br />Income before operating transfers <br />Operating transfers <br />Opmting transfers in <br />Operating transfers (out) <br />Total operatmg transfers <br />Net income <br />Credit for depreciation on contributed assets <br />Net increase in retained earnings <br />Retained earnings <br />Beginning of year <br />End of year <br />See notes to financial sutements <br />-24- <br />Exhibit A-4 <br />1997 1996 <br />S .539 S 19,163 <br />11,762 1141S <br />9,777 7,848 % <br />217,668 249,504 <br />636,204 619,169 <br />165,139 152,947 <br />31,241 31,523 <br />5J37 4,135 <br />1,055,589 1.057378 <br />1.065J66 1,065,126 <br />278,617 276401 <br />10,598 13,092 <br />274328 318,940 <br />18388 22475 <br />36,196 38,889 <br />54.308 47,992 <br />257,659 257,488 <br />7304 6,977 <br />59,468 85.981 <br />82,521 84,824 <br />5,427 7,028 <br />1,084,714 1,159,887 <br />(19448)(94.761) <br />-- <br />108,009 93,566 <br />24,807 — <br />140,807 163,007 <br />9,530 9,531 <br />(54,022)(82,482)- <br />(162)(1.100) <br />—(3.512) <br />228.969 179,010 <br />209.621 84449 <br />r <br />70.000 <br />(70,000) <br />—-C' <br />209.621 84449 <br />191.704 192,574 0 <br />401425 276,823 - <br />2.413,124 2.136.301 <br />S 2.814.449 AJL4JJL124