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IV-18
<br />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, 2018
<br />Business-Type Activities -Enterprise Funds
<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:
<br />Investment earnings
<br />Income (loss) 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 />601 Water
<br />$1,122,136
<br />40,030
<br />50,518
<br />4,905
<br />1,217,589
<br />270,608
<br />205,025
<br />140,187
<br />597,571
<br />105,453
<br />13,911
<br />1,332,755
<br />(115,166)
<br />82,783
<br />(32,383)
<br />487,444
<br />405,283
<br />892,727
<br />860,344
<br />22,621,564
<br />$23,481,908
<br />602 Sewer
<br />$1,721,958
<br />31,754
<br />1,753,712
<br />275,907
<br />35,821
<br />132,250
<br />949,776
<br />495,856
<br />45,775
<br />29,086
<br />1,964,471
<br />(210,759)
<br />130,651
<br />(80,108)
<br />754,588
<br />309,232
<br />(242,145)
<br />821,675
<br />741,567
<br />24,056,431
<br />$24,797,998
<br />Capital
<br />Contributions
<br />$1,956,547
<br />(714,515)
<br />$1,242,032
<br />The accompanying notes are an integral part of these financial statements.
<br />Totals
<br />$2,844,094
<br />71,784
<br />50,518
<br />4,905
<br />2,971,301
<br />546,515
<br />240,846
<br />272,437
<br />949,776
<br />1,093,427
<br />151,228
<br />42,997
<br />3,297,226
<br />(325,925)
<br />213,434
<br />(112,491)
<br />1,242,032
<br />714,515
<br />(242,145)
<br />1,714,402
<br />1,601,911
<br />46,677,995
<br />$48,279,906
<br />Transfers -Net
<br />($242,145)
<br />714,515
<br />$472,370
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