|
CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES AND Statement 8
<br />PROPRIETARY FUNDS
<br />For The Year Ended December 31, 2020
<br />601 Water 602 Sewer Totals
<br />Operating revenues:
<br />Charges for services $1,225,474 $1,768,044 $2,993,518
<br />Hook-up charges 43,260 35,187 78,447
<br />Water meter sales 72,825 - 72,825
<br />Total operating revenues 1,341,559 1,803,231 3,144,790
<br />Operating expenses:
<br />Personal services 307,712 316,088 623,800
<br />Materials and supplies 290,275 33,244 323,519
<br />Contractual services 210,109 230,420 440,529
<br />MCES sewer charges - 1,035,391 1,035,391
<br />Depreciation 616,893 512,771 1,129,664
<br />Utilities 85,248 47,168 132,416
<br />Other 22,045 24,783 46,828
<br />Total operating expenses 1,532,282 2,199,865 3,732,147
<br />Operating income (loss)(190,723)(396,634)(587,357)
<br />Nonoperating revenues (expenses):
<br />Investment earnings 149,623 234,340 383,963
<br />Intergovernmental revenue 42,152 - 42,152
<br />Total nonoperating revenues (expenses)191,775 234,340 426,115
<br />Income before contributions and transfers 1,052 (162,294)(161,242)
<br />Contributions and transfers:
<br />Capital contributions from private sources 1,516,637 1,370,629 2,887,266
<br />Capital contributions from governmental activities 3,940,716 169,089 4,109,805
<br />Transfer in - 83,821 83,821
<br />Transfer out (127,357) - (127,357)
<br />Total contributions and transfers 5,329,996 1,623,539 6,953,535
<br />Change in net position 5,331,048 1,461,245 6,792,293
<br />Net position - January 1 25,527,564 27,100,484 52,628,048
<br />Net position - December 31 $30,858,612 $28,561,729 $59,420,341
<br />Capital
<br />Contributions Transfers - Net
<br />Amounts reported above $6,997,071 ($43,536)
<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 (4,109,805) 4,109,805
<br />Amounts reported on the statement of activities $2,887,266 $4,066,269
<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 />42
|