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<br />32
<br />CITY OF LINO LAKES, MINNESOTAStatement 8
<br />STATEMENT OF REVENUES, EXPENSES, AND CHANGE S IN NET POSITION - PROPRIETARY FUNDS
<br />Total
<br />WaterSewer2012
<br />Operating revenue:
<br /> Charges for services1,352,003 $ 1,499,589 $ 2,851,592 $
<br /> Hook-up charges6,770 5,930 12,700
<br /> Water meter sales7,309 - 7,309
<br /> Other operating revenue5,727 262 5,989
<br /> Total operating revenue1,371,809 1,505,781 2,877,590
<br />Operating expenses:
<br /> Personal services168,409 171,616 340,025
<br /> Materials and supplies153,665 22,865 176,530
<br /> Contractual services90,926 107,989 198,915
<br /> MCES sewer charges- 684,933 684,933
<br /> Depreciation423,887 438,180 862,067
<br /> Utilities90,992 42,555 133,547
<br /> Other19,598 59,499 79,097
<br /> Total operating expenses947,477 1,527,637 2,475,114
<br />Net income from operations424,332 (21,856) 402,476
<br />Other income (expense):
<br /> Investment earnings35,321 66,752 102,073
<br /> Special assessments19,125 893 20,018
<br /> Bond interest(1,237) - (1,237)
<br /> Paying agent fees(407) - (407)
<br /> Total other income (expense)52,802 67,645 120,447
<br />Net income before contributions and transfers477,134 45,789 522,923
<br />Capital contributions and transfers:
<br /> Capital contributions from primary government12,725 15,254 27,979
<br /> Transfer out(34,511) (34,511) (69,022)
<br />Change in Net Position455,348 26,532 481,880
<br />Net Position - January 117,857,797 22,560,431 40,418,228
<br />Net Position - December 3118,313,145 $ 22,586,963 $ 40,900,108 $
<br />The accompanying notes are an integral part of these basic financial statements.
<br />Year Ended December 31, 2012
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