|
CITY OF LINO LAKES, MINNESOTA
<br />COMBINED STATEMENT OF REVENUE, EXPENSES AND
<br />CHANGES IN RETAINED EARNINGS - PROPRIETARY FUND TYPE
<br />For The Year Ended December 31, 1988
<br />Statement 4
<br />December 31,
<br />1988 1987
<br />1
<br />1
<br />1
<br />Operating revenue:
<br />Water sales $43,708 $21,492 I
<br />Sewer charges 69,873 49,942
<br />Other operating revenue 14,498 6,916
<br />Total operating revenue 128,079 78,350
<br />Operating expenses: I
<br />Personal services 34,966 29,577
<br />Materials and supplies 2,341 4,532 I !I
<br />Contractual services 1,924 8,295
<br />Repair and maintenance 17,135 11,003
<br />MWCC sewer charges 36,025 33,709
<br />I
<br />Depreciation:
<br />Purchased assets 813 1,082
<br />Contributed assets 22,530 22,530
<br />Utilities 4,901 2,849 '
<br />Sewer service charge 956
<br />Other 3,897 2,835
<br />Total operating expenses 124,532 117,368
<br />I
<br />Net income (loss) from operations 3,547 (39,018)
<br />Other income :
<br />Maintenance agreement - MWCC
<br />Net other income
<br />Net income (loss)
<br />7,319
<br />7,319
<br />10,072
<br />10,072
<br />10,866 (28,946)
<br />Other increases :
<br />Credit arising from transfer of depreciation
<br />to contributions from property owners 22,530 22,530
<br />Net other increases (decreases) 22,530 22,530
<br />Net increase (decrease) in retained earnings 33,396 (6,416)
<br />Retained earnings - January 1 14,458 20,874
<br />Retained earnings - December 31 $47,854 $14,458
<br />The accompanying notes are an integral part of these financial statements.
<br />1
<br />1
<br />1
<br />1
<br />1
<br />1
<br />1
<br />1
<br />1
<br />
|