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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, 2017
<br />601 Water 602 Sewer Totals
<br />Operating revenues:
<br />Charges for services $1,065,379 $1,672,456 $2,737,835
<br />Hook-up charges 33,010 26,497 59,507
<br />Water meter sales 37,606 - 37,606
<br />Other operating revenue 14,839 10 14,849
<br />Total operating revenues 1,150,834 1,698,963 2,849,797
<br />Operating expenses:
<br />Personal services 264,673 268,134 532,807
<br />Materials and supplies 172,864 51,038 223,902
<br />Contractual services 102,165 93,992 196,157
<br />MCES sewer charges - 942,972 942,972
<br />Depreciation 580,804 477,094 1,057,898
<br />Utilities 102,877 41,297 144,174
<br />Other 21,866 27,294 49,160
<br />Total operating expenses 1,245,249 1,901,821 3,147,070
<br />Operating income (loss)(94,415)(202,858)(297,273)
<br />Nonoperating revenues:
<br />Investment earnings 39,612 66,876 106,488
<br />Income (loss) before contributions and transfers (54,803)(135,982)(190,785)
<br />Contributions and transfers:
<br />Capital contributions from private sources 421,608 414,421 836,029
<br />Capital contributions from governmental activities 166,246 3,964 170,210
<br />Transfer in 104,969 104,969 209,938
<br />Transfer out (35,727)(35,727)(71,454)
<br />Total contributions and transfers 657,096 487,627 1,144,723
<br />Change in net position 602,293 351,645 953,938
<br />Net position - January 1 22,019,271 23,704,786 45,724,057
<br />Net position - December 31 $22,621,564 $24,056,431 $46,677,995
<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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