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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION-PROPRIETARY FUNDS
<br />Year Ended December 31, 2015
<br />Water Sewer
<br />Operating revenue:
<br />Charges for services $ 972,096 $ 1,611,053 $
<br />Hook-up charges 13,260 10,580
<br />Water meter sales 15,128
<br />Other operating revenue 14,352
<br />Total operating revenue 1,014,836 1,621,633
<br />Operating expenses:
<br />Personal services 204,983 209,624
<br />Materials and supplies 136,270 29,145
<br />Contractual services 117,204 128,324
<br />MCES sewer charges 751,648
<br />Depreciation 836,772 892,427
<br />Utilities 84,645 41,263
<br />Other 15,023 37,411
<br />Total operating expenses 1,394,897 2,089,842
<br />Net income (loss) from operations (380,061) (468,209)
<br />Other income (expense):
<br />Investment earnings 33,166 47,918
<br />Net increase (decrease) in fair value of investments (12,245) (17,672)
<br />Special assessments 472 473
<br />Total other expense 21,393 30,719
<br />Net income before contributions and transfers (358,668) (437,490)
<br />Capital contributions and transfers:
<br />Contributions from private sources 263,024 142,017
<br />Capital contributions from primary government 1,708,933 1,183,136
<br />Transfer out (33,417) (33,417)
<br />Total contributions and transfers 1,938,540 1,291,736
<br />Change in net position 1,579,872 854,246
<br />Net position-January I 18,860,755 22,583,545
<br />Prior Period restatement for Implementation
<br />of GASB Standard (See Note 20) (38,999) (38,960)
<br />Net position-January I, as Restated 18,821,756 22,544,585
<br />Net position -December 31 $ 20,401,628 $ 23,398,831 $
<br />The accompanying notes are an integral part of these basic financial statements.
<br />Total
<br />2015
<br />2,583,149
<br />23,840
<br />15,128
<br />14,352
<br />2,636,469
<br />414,607
<br />165,415
<br />245,528
<br />751,648
<br />1,729,199
<br />125,908
<br />52,434
<br />3,484,739
<br />(848,270)
<br />81,084
<br />(29,917)
<br />945
<br />52,112
<br />(796,158)
<br />405,041
<br />2,892,069
<br />(66,834)
<br />3,230,276
<br />2,434,118
<br />41,444,300
<br />(77,959)
<br />41,366,341
<br />43,800,459
<br />IV-15
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