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Annual Financial Report 12/31/1984
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Annual Financial Report 12/31/1984
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Annual Financial Report
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12/31/1984
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CITY OF LINO LAKES, MINNESOTA <br />CONDENSED COMBINED STATEMENT OF REVENUE, EXPENSES AND <br />CHANGES IN RETAINED EARNINGS - PROPRIETARY FUND TYPE <br />For The Year Ended December 31, 1984 <br />Operating revenue: <br />Water sales <br />Sewer charges <br />Other operating revenue <br />Total operating revenue <br />Statement 4 <br />December 31, <br />1984 1983 <br />$ 6,011 $ 5,421 <br />36,417 27,763 <br />2,909 2,862 <br />45,337 36,046 <br />Operating expenses: <br />Personal services 14,831 11,477 <br />Supplies 2,845 2,583 <br />Contractual services 777 806 <br />Repair and maintenance 4,088 7,810 <br />MWCC sewer charges 23,866 18,116 <br />Depreciation: <br />Purchased 838 838 <br />Contributed 21,004 21,004 <br />Utilities 2,208 1,830 <br />Sewer service charge 2,289 3,297 <br />Other 375 459 <br />Total operating expenses 73,121 68,220 <br />Operating (loss) (27,784) (32,174) <br />Non - operating revenue: <br />Maintenance agreement - MWCC <br />Total non - operating revenue <br />Net income (loss) <br />7,138 11,010 <br />7,138 11,010 <br />(20,646) (21,164) <br />wiaba <br />AMINO <br />Other increases: <br />Credit arising from transfer of depreciation to <br />contributions from property owners 21,004 21,004 <br />Net income (loss) to retained earnings 358 (160) _ <br />Retained earnings - January 1 6,927 7,087 <br />Retained earnings - December 31 $ 7,285 $ 6,927 <br />The accompanying notes are an integral part of these financial statements. <br />
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