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CITY OF LINO LAKES, MINNESOTA
<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, 1991
<br />Exhibit 11
<br />December 31,
<br />Water Sewer 1991 1990
<br />Operating revenue:
<br />Charges for services $127,754 $154,784 $282,538 $219,006
<br />-
<br />Other operating revenue 30,221 3,618 33,839 28,100
<br />Total operating revenue 157,975 158,402 316,377 247,106
<br />OMNI
<br />Operating expenses:
<br />Personal services 39,346 39,781 79,127 61,965
<br />Materials and supplies 28,997 822 29,819 21,934
<br />Contractual services 10,231 26,400 36,631 17,504
<br />Repair and maintenance 18,452 9,829 28,281 19,206
<br />MWCC sewer charges 81,060 81,060 63,655
<br />Depreciation:
<br />Purchased assets 420 770 1,190 820
<br />Contributed assets 52,769 74,589 127,358 72,431
<br />Utilities 3,550 3,924 7,474 13,335
<br />Other 5,492 18,897 24,389 10,206
<br />Total operating expenses 159,257 256,072 415,329 281,056
<br />Net income (loss) from operations ($1,282) ($97,670) (98,952) (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) (83,765) (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 Funds (52,320) (80,365)
<br />Total other increases (decreases) 75,038 (7,934)
<br />Net increase (decrease) in retained earnings (8,727) (34,395)
<br />Retained earnings - January 1 53,385 87,780
<br />Retained earnings - December 31 $44,658 $53,385
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