|
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, 1991
<br />Statement 4
<br />Totals
<br />(Memorandum Only)
<br />1991 1990
<br />Operating revenue:
<br />Water sales $127,754 $99,894
<br />Sewer charges 154,784 119,112
<br />Other operating revenue 33,839 28,100
<br />Total operating revenue 316,377 247,106
<br />Operating expenses:
<br />Personal services 79,127 61,965
<br />Materials and supplies 29,819 21,934
<br />Contractual services 36,680 17,504
<br />Repair and maintenance 28,281 19,206
<br />MWCC sewer charges 81,060 63,655
<br />Depreciation:
<br />Purchased assets 1,190 820
<br />Contributed assets 127,358 72,431
<br />Utilities 7,474 13,335
<br />Other 24,389 10,206
<br />Total operating expenses 415,378 281,056
<br />Net (loss) from operations (99,001) (33,950)
<br />Other income: -.
<br />Interest on investments 623 256
<br />Maintenance agreement - MWCC 14,564 7,233
<br />Total other income 15,187 7,489
<br />Net (loss)
<br />(83,814) (26,461)
<br />Other increases (decreases):
<br />Credit arising from transfer of depreciation
<br />to contributions from property owners 127,358 72,431
<br />Operating transfer to Capital Project Fund (52,320) (80,365)
<br />Total other increases (decreases) 75,038 (7,934)
<br />Net increase (decrease) in retained earnings (8,776) (34,395)
<br />Retained earnings - January 1 53,385 87,780
<br />Retained earnings - December 31 $44,609 _ $53,385
<br />The accompanying notes are an integral part of these financial statements.
<br />
|