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06-25-1990 Council Packet
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06-25-1990 Council Packet
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11/12/2024 12:21:35 PM
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cm OF ORONO Bdilblt F-2 <br />E2JTERPRISE FUM)S (Ccntlnued) <br />OlTfilNING OF FEVE2^, EXPEI^, fit) CHANGES IN FETAINED EARNINCS <br />Year Ended December 31, 1989 <br />(With Ccxifiarative Totals for Year Ended December 31, 1988) <br />Water Sewer <br />Golf <br />Course Totals <br />1989 1988 <br />Noroperating Revenue (Expense): <br />Interest earned on invesdnents 24,W5 59,784 19 83,848 35,313 <br />Interest income from M«CC -16,612 16,612 17,320 <br />Interest income from interfund loans -977 977 1,222 <br />Amortization of deferred credits -9,530 9,530 9,530 <br />Interest expense (17,917)(17,499)(35,416)(432) <br />Interest expense on Interfund loons (977)-(977)(1.222) <br />Revenue bond expense (393)(378)(771)- <br />Gain on sale of assets 707 1,062 1,769 - <br />Total Nonoperating Revenue (Expense)5,465 70.088 19 75.572 61,731 <br />MT INOaC (UBS)$ (25.353) $41,459 $ 16,928 $ 33,034 $5,304 <br />Credit for depreciation on contributed equity 31,332 127,604 254 159.190 150.320 <br />Increase in Retained Earnings 5,979 169.063 17J«2 192,224 155,624 <br />Retained earnings ~ beginning of yeat 127,195 943,738 31,944 1.102.877 947,253 <br />Retained Earnings Bnd of Year $ 133,174 .112,801 $ 49,126 $1,295,101 $1 .102,877 <br />-7>-t t
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