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CITY OF LINO LAKES, MINNESOTA <br />ENTERPRISE FUND <br />WATER AND SEWER FUND <br />STATEMENT OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS <br />For The Year Ended December 31, 1986 <br />Operating revenue: <br />Water sales <br />Sewer charges <br />Other operating revenue <br />Total operating revenue <br />Statement 17 <br />December 31, <br />1986 1985 <br />$ 11,608 $ 7,640 <br />41,655 39,084 <br />4,676 4,428 <br />57,939 51,152 <br />Operating expenses: <br />Personal services 16,204 12,438 <br />Supplies 3,623 2,516 <br />Contractual services 710 833 <br />Repair and maintenance 5,313 3,061 <br />MWCC sewer charges 28,272 25,954 <br />Depreciation: <br />Purchased assets 984 984 <br />Contributed assets 22,530 22,530 <br />Utilities 2,229 2,204 <br />Sewer service charge 2,110 2,843 <br />Other 336 293 <br />Total operating expenses 82,311 73,656 <br />Operating (loss) (24,372) (22,504) <br />Non - operating revenue: <br />Maintenance agreement - MWCC <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 />7,100 8,305 <br />(17,272) (14,199) <br />22,530 22,530 <br />5,258 8,331 <br />15,616 7,285 <br />$ 20,874 $ 15,616 <br />The accompanying notes are an integral part of these financial statements. <br />