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1 <br />CITY OF LINO LAKES 11 STATEMENT OF REVENUE, EXPENSES, AND CHANGES IN RETAINED EARNINGS <br />PROPRIETARY FUND TYPES <br />Year Ended December 31, 1981 <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 />Water and Sewer <br />(Enterprise) Fund <br />1981 1980 <br />$ 4,525 $ 5,156 <br />17,784 10,907 <br />8,300 9,215 <br />551 1,300 <br />2,467 985 <br />33,627 27,563 <br />Operating Expenses: <br />Salaries 13,633Y 10,523 <br />Employee benefits 3,453' 1,080 <br />Repair and maintenance 6,977 12,123 <br />MWCC sewer charges 12,149/ 6,961 <br />Depreciation 19,509 11,105 <br />Utilities 1,953 1,629 <br />Other 505- 712 <br />Total Operating Expenses 58,179 44,133 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />Operating Loss (24,552) (16,570) <br />Add: Depreciation charged to contributed equity 19,360 11,029 <br />NET LOSS TO RETAINED EARNINGS $ (5,192) $ (5,541) ' <br />Retained earnings - beginning of year 14,670 <br />Transfer of Assets: <br />From general fund 19,458 <br />II <br />From general fixed assets group of accounts 406,115 <br />Contributed equity (405,362) <br />Retained Earnings - End of Year <br />See Notes to Financial Statements. <br />9 <br />$ 9,478 $ 14,670 <br />1 <br />1 <br />1 <br />1 <br />