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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES AND Statement 8
<br />PROPRIETARY FUNDS
<br />For The Year Ended December 31, 2021
<br />601 Water 602 Sewer Totals
<br />Operating revenues:
<br />Charges for services $1,475,211 $1,835,443 $3,310,654
<br />Hook-up charges 68,770 56,597 125,367
<br />Water meter sales 139,309 - 139,309
<br />Total operating revenues 1,683,290 1,892,040 3,575,330
<br />Operating expenses:
<br />Personal services 308,976 314,141 623,117
<br />Materials and supplies 309,272 44,591 353,863
<br />Contractual services 246,169 216,601 462,770
<br />MCES sewer charges - 988,487 988,487
<br />Depreciation 625,544 550,018 1,175,562
<br />Utilities 108,849 46,153 155,002
<br />Other 22,676 27,001 49,677
<br />Total operating expenses 1,621,486 2,186,992 3,808,478
<br />Operating income (loss)61,804 (294,952)(233,148)
<br />Nonoperating revenues (expenses):
<br />Gain on disposal of capital assets 14,506 14,506 29,012
<br />Investment earnings (34,068) (52,696) (86,764)
<br />Total nonoperating revenues (expenses)(19,562)(38,190)(57,752)
<br />Income (loss) before contributions and transfers 42,242 (333,142)(290,900)
<br />Contributions and transfers:
<br />Capital contributions from private sources 452,255 300,148 752,403
<br />Capital contributions from governmental activities 428,047 4,660 432,707
<br />Transfer out (322,933) - (322,933)
<br />Total contributions and transfers 557,369 304,808 862,177
<br />Change in net position 599,611 (28,334)571,277
<br />Net position - January 1 30,858,612 28,561,729 59,420,341
<br />Net position - December 31 $31,458,223 $28,533,395 $59,991,618
<br />Capital
<br />Contributions Transfers - Net
<br />Amounts reported above $1,185,110 ($322,933)
<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 (432,707)432,707
<br />Amounts reported on the statement of activities $752,403 $109,774
<br />CHANGES IN FUND NET POSITION
<br />Business-Type Activities - Enterprise Funds
<br />The accompanying notes are an integral part of these financial statements.
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