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<br />City of Lino Lakes, Minnesota P a g e | 6
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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 1,721,958 1,745,709 1,691,000 1,726,000
<br />Hook-up Charges 31,754 25,434 29,000 29,000
<br />Other Revenue
<br />Total Operating Revenue 1,753,712 1,771,143 1,720,000 1,755,000
<br />Operating Expenses
<br />Personal Services 275,907 305,645 328,884 319,608
<br />Materials and Supplies 35,821 30,492 59,500 80,099
<br />Contractual Services 132,250 122,540 150,552 151,347
<br />MCES Sewer Charges 949,776 977,612 1,035,391 988,488
<br />Utilities 45,775 44,927 46,800 46,800
<br />Other 29,086 25,679 29,460 30,356
<br />Depreciation 495,856 495,816 512,771 547,563
<br />Total Operating Expenses 1,964,471 2,002,711 2,163,358 2,164,261
<br />Operating Income (Loss)(210,759) (231,568) (443,358) (409,261)
<br />Non Operating Revenues (Expenses)
<br />Investment Earnings 130,651 313,498 70,000 80,000
<br />Other
<br />Total Non Operating Revenues (Expenses)130,651 313,498 70,000 80,000
<br />Net Income (Loss) Before Transfers (80,108) 81,930 (373,358) (329,261)
<br />Operating Transfers
<br />Transfers In
<br />Transfers (Out)(242,145)
<br />Total Operating Transfers (242,145) - - -
<br />Net Income (Loss)(322,253) 81,930 (373,358) (329,261)
<br />Beginning Cash & Investments 8,444,352 8,977,444 9,549,968 9,500,543
<br />Net Income (322,253) 81,930 (373,358) (329,261)
<br />Depreciation 495,856 495,816 512,771 547,563
<br />Acquisition and Construction of Assets (2,530) (188,838) (58,000)
<br />Proceeds from New Long-Term Debt 355,839 -
<br />Payments on Long-Term Debt - -
<br />Adjustment to Accruals 6,180 (5,222) -
<br />Ending Cash Balance 8,977,444 9,549,968 9,500,543 9,660,845
<br />The operating statement for the past several years and the 2021 budget is shown below.
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