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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, 1989
<br />Operating revenue:
<br />Charges for services
<br />Other operating revenue
<br />Total operating revenue
<br />Operating expenses:
<br />Personal services
<br />Materials and supplies
<br />Contractual services
<br />Repair and maintenance
<br />MWCC sewer charges
<br />Depreciation:
<br />Purchased assets
<br />Contributed assets
<br />Utilities
<br />Other
<br />Total operating expenses
<br />Net income (loss) from operations
<br />Other income :
<br />Maintenance agreement - MWCC
<br />Net income (loss)
<br />Other increases :
<br />Credit arising from transfer of depreciation
<br />to contributions from property owners
<br />Net increase (decrease) in retained earnings
<br />Retained earnings - January 1
<br />Retained earnings - December 31
<br />Statement 13
<br />December 31,
<br />Water Sewer 1989
<br />$72,238 $82,408 $154,646
<br />22.546 4.396 26,942
<br />94,784 86,804 181,588
<br />20,913 14,636 35,549
<br />1,315 1,143 2,458
<br />7,148 1,442 8,590
<br />34,084 1,714 35,798
<br />50,531 50,531
<br />600 169 769
<br />31,226 35,775 67,001
<br />16,683 1,366 18,049
<br />207 367 574
<br />112 176 107,143 219,319
<br />($17,392) ($20339) (37,731)
<br />10,656
<br />(27,075)
<br />67,001
<br />39,926
<br />47.854
<br />$87.780
<br />The accompanying notes are an integral part of these financial statements.
<br />1988
<br />(Memorandum
<br />Only)
<br />$113,581
<br />14,498
<br />128,079
<br />34,966
<br />2,341
<br />1,924
<br />17,135
<br />36,025
<br />813
<br />22,530
<br />4,901
<br />3.897
<br />124,532
<br />3,547
<br />7,319
<br />10,866
<br />22.530
<br />33,396
<br />14,458
<br />$47,854
<br />
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