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EXHIBIT E-5 <br />CITY OF ELK RIVER, MINNESOTA <br />GARBAGE COLLECTION FUND <br />COMPARATIVE STATEMENTS OF REVENUE, EXPENSES <br />AND CHANGES IN RETAINED EARNINGS <br />YEARS ENDED DECEMBER 31, 2000 AND 1999 <br />OPERATING REVENUE <br />Special assessments <br />$ 6,904 <br />$ 8,938 <br />Charges for services <br />679,911 <br />745,866 <br />TOTAL OPERATING REVENUE <br />686,815 <br />754,804 <br />OPERATING EXPENSES <br />Personal services <br />4,685 <br />4,843 <br />Professional services <br />24,486 <br />25,077 <br />Supplies and miscellaneous <br />4,829 <br />12,298 <br />Contractual services <br />757,043 <br />706,465 <br />TOTAL OPERATING EXPENSES <br />791,043 <br />748,683 <br />OPERATING INCOME (LOSS) <br />(104,228) <br />6,121 <br />NONOPERATING REVENUE <br />Interest income <br />17,392 <br />6,457 <br />Customer penalties <br />9,931 <br />10,962 <br />Miscellaneous revenue <br />97,248 <br />99,174 <br />TOTAL NONOPERATING REVENUE <br />124,571 <br />116,593 <br />NET INCOME <br />20,343 <br />122,714 <br />RETAINED EARNINGS, JANUARY 1 <br />225,157 <br />102,443 <br />RETAINED EARNINGS, DECEMBER 31 <br />$ 245,500 <br />$ 225,157 <br />71 <br />