|
CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES AND Statement 8
<br />PROPRIETARY FUNDS
<br />For The Year Ended December 31, 2018
<br />601 Water 602 Sewer Totals
<br />Operating revenues:
<br />Charges for services $1,122,136 $1,721,958 $2,844,094
<br />Hook-up charges 40,030 31,754 71,784
<br />Water meter sales 50,518 - 50,518
<br />Other operating revenue 4,905 - 4,905
<br />Total operating revenues 1,217,589 1,753,712 2,971,301
<br />Operating expenses:
<br />Personal services 270,608 275,907 546,515
<br />Materials and supplies 205,025 35,821 240,846
<br />Contractual services 140,187 132,250 272,437
<br />MCES sewer charges - 949,776 949,776
<br />Depreciation 597,571 495,856 1,093,427
<br />Utilities 105,453 45,775 151,228
<br />Other 13,911 29,086 42,997
<br />Total operating expenses 1,332,755 1,964,471 3,297,226
<br />Operating income (loss)(115,166)(210,759)(325,925)
<br />Nonoperating revenues:
<br />Investment earnings 82,783 130,651 213,434
<br />Income (loss) before contributions and transfers (32,383)(80,108)(112,491)
<br />Contributions and transfers:
<br />Capital contributions from private sources 487,444 754,588 1,242,032
<br />Capital contributions from governmental activities 405,283 309,232 714,515
<br />Transfer out - (242,145)(242,145)
<br />Total contributions and transfers 892,727 821,675 1,714,402
<br />Change in net position 860,344 741,567 1,601,911
<br />Net position - January 1 22,621,564 24,056,431 46,677,995
<br />Net position - December 31 $23,481,908 $24,797,998 $48,279,906
<br />Capital
<br />Contributions Transfers - Net
<br />Amounts reported above $1,956,547 ($242,145)
<br />Amounts reported for business-type activities in the
<br />statement of activities are different because:
<br />Transfer in of capital assets from governmental activities (714,515)714,515
<br />Amounts reported on the statement of activities $1,242,032 $472,370
<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 />44
|