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CITY OF LINO LAKES, MINNESOTA <br />COMBINED STATEMENT OF REVENUE, EXPENSES AND <br />CHANGES IN RETAINED EARNINGS - ALL PROPRIETARY FUND TYPES <br />For The Year Ended December 31, 1989 <br />Statement 4 <br />Totals <br />(Memorandum Only) <br />December 31. <br />1989 1988 <br />Operating revenue: • <br />Water sales $72,238 $43,708 <br />Sewer charges 82,408 69,873 <br />Other operating revenue 26.942 14.498 <br />Total operating revenue 181.588 128.079 <br />Operating expenses: <br />Personal services 35,549 34,966 <br />Materials and supplies 2,458 2,341 <br />Contractual services 8,590 1,924 <br />Repair and maintenance 35,798 17,135 <br />MWCC sewer charges 50,531 36,025 <br />Depreciation: <br />Purchased assets 769 813 <br />Contributed assets 67,001 22,530 <br />Utilities 18,049 4,901 <br />Other 574 3.897 <br />Total operating expenses 219.319 124.532 <br />Net income (loss) from operations (37,731) 3,547 <br />Other income : <br />Maintenance agreement - MWCC 10.656 7.319 <br />Net income (loss) (27,075) 10,866 <br />Other increases : <br />Credit arising from transfer of depreciation <br />to contributions from property owners 67.001 22.530 <br />Net increase (decrease) in retained earnings 39,926 33,396 <br />Retained earnings - January 1 47.854 14.458 <br />Retained earnings - December 31 $87,780 $47,854 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />1 <br />The accompanying notes are an integral part of these financial statements. <br />1 <br />1 <br />1 <br />1 <br />1 <br />