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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES AND
<br />CHANGES IN FUND NET POSITION
<br />PROPRIETARY FUNDS
<br />For The Year Ended December 31, 2019
<br />Operating revenues:
<br />Charges for services
<br />Hook-up charges
<br />Water meter sales
<br />Other operating revenue
<br />Total operating revenues
<br />Operating expenses:
<br />Personal services
<br />Materials and supplies
<br />Contractual services
<br />MCES sewer charges
<br />Depreciation
<br />Utilities
<br />Other
<br />Total operating expenses
<br />Operating income (loss)
<br />Nonoperating revenues (expenses):
<br />Investment earnings
<br />Loss on sale of capital assets
<br />Total nonoperating revenues (expenses)
<br />Income before contributions and transfers
<br />Contributions and transfers:
<br />Capital contributions from private sources
<br />Capital contributions from governmental activities
<br />Transfer out
<br />Total contributions and transfers
<br />Change in net position .
<br />Net position -January 1
<br />Net position -December 31
<br />Amounts reported above
<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
<br />Amounts reported on the statement of activities
<br />Business-Type Activities -Enterprise Funds
<br />601 Water 602 Sewer Totals
<br />$1,100,675 $1,745,709 $2,846,384
<br />31,510 25,434 56,944
<br />37,442 37,442
<br />2,953 2,953
<br />1,172,580 1,771,143 2,943,723
<br />297,355 305,645 603,000
<br />174,870 30,492 205,362
<br />128,800 122,540 251,340
<br />977,612 977,612
<br />603,559 495,816 1,099,375
<br />97,224 44,927 142,151
<br />18,968 25,679 44,647
<br />1,320,776 2,002,711 3,323,487
<br />(148,196) (231,568) (379,764)
<br />210,056 313,498 523,554
<br />(2,035) (2,035)
<br />208,021 313,498 521,519
<br />59,825 81,930 141,755
<br />1,291,185 1,603,609 2,894,794
<br />921,368 616,947 1,538,315
<br />(226,722) (226,722)
<br />1,985,831 2,220,556 4,206,387
<br />2,045,656 2,302,486 4,348,142
<br />23,481,908 24,797,998 48,279,906
<br />$25,527,564 $27,100,484 $52,628,048
<br />Capital
<br />Contributions Transfers -Net
<br />$4,433,109 ($226,722)
<br />(1,538,315) 1,538,315
<br />$2,894,794 $1,311,593
<br />The accompanying notes are an integral part of these financial statements.
<br />IV-16
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