|
- CITY OF LINO LAKES, MINNESOTA
<br />ENTERPRISE FUND
<br />COMBINING STATEMENT OF REVENUE, EXPENSES
<br />- AND CHANGES IN RETAINED EARNINGS
<br />For The Year Ended December 31, 1991
<br />Statement 15
<br />Gas Totals
<br />Water and Sewer Utility 1991 1990
<br />Operating revenue:
<br />Charges for services $282,538 $282,538 $219,006
<br />- Other operating revenue 33,839 33,839 28,100
<br />Total operating revenue 316,377 $0 316,377 247,106
<br />- Operating expenses:
<br />Personal services 79,127 79,127 61,965
<br />Materials and supplies 29,819 29,819 21,934
<br />- Contractual services 36,631 49 36,680 17,504
<br />Repair and maintenance 28,281 28,281 19,206
<br />MWCC sewer charges 81,060 81,060 63,655
<br />- Depreciation:
<br />Purchased assets 1,190 1,190 820
<br />Contributed assets 127,358 127,358 72,431
<br />Utilities 7,474 7,474 13,335
<br />Other 24,389 24,389 10,206
<br />Total operating expenses 415,329 49 415,378 281,056
<br />-
<br />Net (loss) from operations (98,952) (49) (99,001) (33,950)
<br />Other income:
<br />Interest on investments 623 623 256
<br />Maintenance agreement - MWCC 14,564 14,564 7,233
<br />Total other income 15,187 0 15,187 7,489
<br />Net (loss) (83,765) (49) (83,814) (26,461)
<br />Other increases (decreases):
<br />Credit arising from transfer of depreciation
<br />to contributions from property owners 127,358 127,358 72,431
<br />- Operating transfer to Capital Project Funds (52,320) (52,320) (80,365)
<br />Total other increases (decreases) 75,038 0 75,038 (7,934)
<br />- Net increase (decrease) in retained earnings (8,727) (49) (8,776) (34,395)
<br />Retained earnings - January 1 53,385 0 53,385 87,780
<br />Retained earnings (deficit) - December 31 $44,658 ($49) $44,609 $53,385
<br />
|