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CITY OF LITTLE CANADA, MINNESOTA
<br />ENTERPRISE FUNDS
<br />COMBINING STATEMENT OF REVENUE, EXPENSES AND
<br />CHANGES IN RETAINED EARNINGS
<br />For The Year Ended December 31, 1989
<br />Revenue:
<br />General customers
<br />Other
<br />Meter sales
<br />Total revenue
<br />Expenses:
<br />Salaries
<br />MWCC:
<br />Sewer service charge
<br />Lake overflow
<br />Maintenance and repair
<br />Water purchases
<br />Contractual services
<br />Professional services
<br />Supplies
<br />Rent
<br />Insurance
<br />Payroll tax
<br />Utilities
<br />Depreciation:
<br />Purchased assets
<br />Contributed assets
<br />Total expenses
<br />Net income (loss) from operations
<br />Other income (expense)
<br />General tax levy
<br />Interest on assessments
<br />Interest on investments
<br />Rental of City property
<br />Homestead credit
<br />Small Business Credit
<br />Water Purchases Adjustment - 1987
<br />Water Purchases Adjustment - 1986 -1988
<br />Interest and paying agent fees on bonds
<br />Total other income (expense)
<br />Water
<br />Operating
<br />Sewer
<br />Operating
<br />5623,903 3540,494
<br />2,982 1,085
<br />7,105
<br />633.990 541,579
<br />83,869
<br />17,250
<br />390,334
<br />5,296
<br />28,936
<br />6,086
<br />836
<br />30,508
<br />9,660
<br />20,628
<br />12,416Z *
<br />113.597
<br />719,416
<br />85,716
<br />297,074
<br />3.168
<br />4,828
<br />12,470
<br />5,281
<br />607
<br />31,055
<br />9,886
<br />1,374
<br />12,497.?,*
<br />71,914
<br />535,870
<br />(85.426) 5,709
<br />4,401 4,401
<br />18,185
<br />5,840
<br />662
<br />(4,484)
<br />24,604
<br />Net income (loss) (60,822)
<br />Other financing sources (uses):
<br />Credit arising from tbe,transfer of
<br />depreciation to contributions from
<br />property owners 113,597
<br />Net increase in retained earnings 52,775
<br />Retained earnings - January 1 449,947
<br />Retained earnings - December 31 5502.722
<br />27,697
<br />662
<br />(4,4841
<br />28.276
<br />33,985
<br />71,914
<br />105,899
<br />597,544
<br />5703.443
<br />Statement 18
<br />Totals
<br />December 31,
<br />1989 1983
<br />(Memorandum
<br />Only)
<br />31,164,397
<br />4,067
<br />7,105
<br />1,175,569
<br />51,189,562
<br />4,059
<br />8,450
<br />1,202.071
<br />169,585 150,658
<br />297,074 268,196
<br />(8,995)
<br />20,418 9,111
<br />390,334 415,502
<br />10,124 3,956
<br />41,406 24,177
<br />11,367 14,200
<br />1,443 1,002
<br />61,563 42,673
<br />19,546 17,686
<br />22,002 17,940
<br />24,913 21,090
<br />185,511 179,989
<br />1,255,286 1,157,185
<br />(79,717) 44,886
<br />8,802 8,388
<br />19
<br />45,882 30,418
<br />5,840 600
<br />1,324 1,330
<br />66
<br />41.093
<br />153,613
<br />(8.968) (10,992)
<br />52,880 224,535
<br />(26,837) 269,421
<br />185.511
<br />158,674
<br />1,047 491
<br />51.206.165
<br />The accompanying notes are an integral part of these financial statements.
<br />Page 28
<br />179,989
<br />449,410
<br />598.081
<br />51.047.491
<br />
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