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<br />City of Lino Lakes, Minnesota P a g e | 4
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<br />2. Background
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<br />2018 2019 2020 2021
<br />Operating Revenues Actual Actual Budget Budget
<br />Charges for Services 1,122,136 1,100,675 1,072,000 1,102,000
<br />Hook-up Charges 40,030 31,510 36,500 36,500
<br />Water Meter Sales 50,518 37,442 50,000 50,000
<br />Other Revenue 4,905 2,953 7,500 2,500
<br />Total Operating Revenue 1,217,589 1,172,580 1,166,000 1,191,000
<br />Operating Expenses
<br />Personal Services 270,608 297,355 322,273 312,737
<br />Materials and Supplies 205,025 174,870 219,500 240,000
<br />Contractual Services 140,187 128,800 146,552 172,347
<br />Utilities 105,453 97,224 110,000 110,000
<br />Other 13,911 18,968 21,460 28,834
<br />Depreciation 597,871 603,559 616,893 704,888
<br />Total Operating Expenses 1,333,055 1,320,776 1,436,678 1,568,806
<br />Operating Income (Loss)(115,466) (148,196) (270,678) (377,806)
<br />Non Operating Revenues (Expenses)
<br />Investment Earnings 82,783 210,056 40,000 50,000
<br />Other (2,035)
<br />Total Non Operating Revenues (Expenses)82,783 208,021 40,000 50,000
<br />Net Income (Loss) Before Transfers (32,683) 59,825 (230,678) (327,806)
<br />Operating Transfers
<br />Transfers In
<br />Transfers (Out)- (226,722)
<br />Total Operating Transfers - (226,722) - -
<br />Net Income (Loss)(32,683) (166,897) (230,678) (327,806)
<br />Beginning Cash & Investments 5,477,346 6,022,044 6,171,792 5,882,719
<br />Net Income (32,683) (166,897) (230,678) (327,806)
<br />Depreciation 597,871 603,559 616,893 704,888
<br />Acquisition and Construction of Assets (11,479) (350,042) (675,288) (682,000)
<br />Proceeds from New Long-Term Debt -
<br />Payments on Long-Term Debt - -
<br />Adjustment to Accruals (9,011) 63,128 -
<br />Ending Cash Balance 6,022,044 6,171,792 5,882,719 5,577,801
<br />The operating statement for the past several years and the 2021 budget is shown below.
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