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CITY OF LINO LAKES, MINNESOTA
<br />Exhibit 11
<br />ENTERPRISE FUND
<br />WATER AND SEWER FUND
<br />SCHEDULE OF REVENUE, EXPENSES AND CHANGES IN RETAINED EARNINGS
<br />For The Year Ended December 31, 1990
<br />December 31,
<br />Water Sewer 1990 1989
<br />(Memorandum
<br />Operating revenue: Only)
<br />Charges for services $99,894 $119,112 $219,006 $154,646
<br />Other operating revenue 24,847 3,253 28,100 26,942
<br />Total operating revenue 124,741 122,365 247,106 181,588
<br />Operating expenses:
<br />Personal services 30,582 31,383 61,965 35,549
<br />Materials and supplies 1,180 1,115 2,295 2,458
<br />Contractual services 7,898 9,606 17,504 8,590
<br />Repair and maintenance 32,655 6,190 38,845 35,798
<br />- MWCC sewer charges 63,655 63,655 50,531
<br />Depreciation:
<br />Purchased assets 421 399 820 769
<br />Contributed assets 34,105 38,326 72,431 67,001
<br />"" Utilities 10,284 3,051 13,335 18,049
<br />Other 2,275 7,931 10,206 574
<br />Total operating expenses 119,400 161,656 281,056 219,319
<br />Net income (loss) from operations $5,341 ($39,291) (33,950) (37,731)
<br />Other income:
<br />• Interest on investments 256
<br />Maintenance agreement - MWCC 7233 10,656
<br />Total other income 7,489 10,656
<br />Net (loss) (26,461) (27,075)
<br />Other increases (decreases):
<br />- Credit arising from transfer of depreciation
<br />to contributions from property owners 72,431 67,001
<br />Operating transfer to Capital Project Fund (80,365)
<br />Total other increases (decreases) (7,934) 67,001
<br />Net increase (decrease) in retained earnings (34,395) 39,926
<br />Retained earnings - January 1 87,780 47,854
<br />Retained earnings - December 31 $53,385 $87,780
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