|
CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES AND Statement 8
<br />PROPRIETARY FUNDS
<br />For The Year Ended December 31, 2016
<br />601 Water 602 Sewer Totals
<br />Operating revenues:
<br />Charges for services $1,025,269 $1,638,272 $2,663,541
<br />Hook-up charges 26,010 21,050 47,060
<br />Water meter sales 30,687 - 30,687
<br />Other operating revenue 12,931 - 12,931
<br />Total operating revenues 1,094,897 1,659,322 2,754,219
<br />Operating expenses:
<br />Personal services 236,409 239,698 476,107
<br />Materials and supplies 452,100 26,129 478,229
<br />Contractual services 100,243 51,564 151,807
<br />MCES sewer charges - 877,565 877,565
<br />Depreciation 436,384 456,422 892,806
<br />Utilities 86,889 40,229 127,118
<br />Other 18,566 26,958 45,524
<br />Total operating expenses 1,330,591 1,718,565 3,049,156
<br />Operating income (loss)(235,694)(59,243)(294,937)
<br />Nonoperating revenues (expenses):
<br />Investment earnings 37,560 62,404 99,964
<br />Net increase in fair value of investments 2,754 4,401 7,155
<br />Gain (loss) on disposal of capital assets (37,102)(132,397)(169,499)
<br />Total nonoperating revenues (expenses)3,212 (65,592)(62,380)
<br />Income (loss) before contributions and transfers (232,482)(124,835)(357,317)
<br />Contributions and transfers:
<br />Capital contributions from private sources 871,552 672,395 1,543,947
<br />Capital contributions from governmental activities 1,101,903 91,732 1,193,635
<br />Transfer out (34,627)(244,594)(279,221)
<br />Total contributions and transfers 1,938,828 519,533 2,458,361
<br />Change in net position 1,706,346 394,698 2,101,044
<br />Net position - January 1, as previously reported 20,401,628 23,398,831 43,800,459
<br />Prior period adjustment (88,703)(88,743)(177,446)
<br />Net position - January 1, as restated 20,312,925 23,310,088 43,623,013
<br />Net position - December 31 $22,019,271 $23,704,786 $45,724,057
<br />CHANGES IN FUND NET POSITION
<br />Business-Type Activities - Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
<br />42
|