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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, 1985 <br />Operating revenue: <br />Water sales <br />Sewer charges <br />Other operating revenue <br />Total operating revenue <br />Statement 4 <br />December 31, <br />1985 1984 <br />$ 7,640 <br />39,084 <br />4,428 <br />51,152 <br />$ 6,011 <br />36,417 <br />2,909 <br />45,337 <br />Operating expenses: <br />Personal services 12,438 14,831 <br />Supplies 2,516 2,845 <br />Contractual services 833 777 <br />Repair and maintenance 3,061 4,088 <br />MWCC sewer charges 25,954 23,866 <br />Depreciation: <br />Purchased assets 984 838 <br />Contributed assets 22,530 , 21,004 <br />Utilities 2,204 2,208 <br />Sewer service charge 2,843 2,289 <br />Other 293 375 <br />Total operating expenses 73,656 73,121 <br />Operating income (loss) <br />(22,504) (27,784) <br />Non - operating revenue: <br />Maintenance agreement - MWCC 8,305 7,138 <br />Total non - operating revenue 8,305 7,138 <br />Net income (loss) <br />Other increases: <br />Credit arising from transfer of depreciation to <br />contributions from property owners <br />Net income to retained earnings <br />Retained earnings - January 1 <br />Retained earnings - December 31 <br />(14,199) (20,646) <br />22,530 21,004 <br />8,331 358 <br />7,285 6,927 <br />$ 15,616 $ 7,285 <br />The accompanying notes are an integral part of these financial statements. <br />