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CITY OF LINO LAKES <br />STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS <br />PROPRIETARY FUND TYPES <br />For the Year Ended December 31, 1980 <br />Operating revenue: <br />Water sales <br />Sewer charges <br />Reimbursement from MWCC <br />Interest on investments <br />Other revenue <br />Total Operating Revenue <br />Operating expenses: <br />Salaries <br />Employee benefits <br />Repair and maintenance <br />MWCC sewer charges <br />Depreciation <br />Utilities <br />Other <br />Total Operating Expenses <br />Operating loss <br />Add: Depreciation charged to contributed equity <br />NET LOSS TO RETAINED EARNINGS <br />Retained earnings - beginning of year <br />Transfer of assets: <br />From general fund - Note 6 <br />From general fixed assets group of accounts - Note 6 <br />Contributed equity <br />Water and Sewer <br />(Enterprise) Fund <br />$ 5,156 <br />10,907 <br />9,215 <br />1,300 <br />985 <br />27,563 <br />10,523 <br />1,080 <br />12,123 <br />6,961 <br />11,105 <br />1,629 <br />712 <br />44,133 <br />(16,570) <br />11,029 <br />$((5,541) <br />-0- <br />19,458 <br />406,115 <br />(405,362) <br />Retained Earnings - End of Year $ 14,670 <br />See Notes to Financial Statements. <br />10 - <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />