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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, 1992
<br />Statement 4
<br />Totals
<br />(Memorandum Only)
<br />1992 1991
<br />Operating revenue:
<br />Water sales $166,563 $75,434
<br />Sewer charges 204,947 154,784
<br />Other operating revenue 57,199 33,839
<br />Total operating revenue 428,709 264,057
<br />Operating expenses:
<br />Personal services 91,300 79,127
<br />Materials and supplies 55,295 29,819
<br />Contractual services 22,853 36,680
<br />Repair and maintenance 22,569 28,281
<br />MWCC sewer charges 111,897 81,060
<br />Depreciation:
<br />Purchased assets 1,073 1,190
<br />Contributed assets 144,271 127,358
<br />Utilities 12,590 7,474
<br />Other 25,432 24,389
<br />Total operating expenses 487,280 415,378
<br />Net income (loss) from operations (58,571) (151,321)
<br />Other income (expense):
<br />Interest on investments 10,250 623
<br />Maintenance agreement - MWCC 13,061 14,564
<br />Area and unit charges 96,712 52,320
<br />Bond interest (57,632)
<br />Total other income (expense) 62,391 67,507
<br />Net income (loss) before operating transfers:
<br />Operating transfers:
<br />Operating transfer to Capital Project Fund
<br />Net income (loss)
<br />Credit arising from transfer of depreciation
<br />to contributions from property owners
<br />Retained earnings - January 1
<br />Retained earnings - December 31
<br />3,820 (83,814)
<br />(96,712) (52,320)
<br />(92,892) (136,134)
<br />144,271 127,358
<br />44,609 53,385
<br />$95,988 $44,609
<br />The accompanying notes are an integral part of these financial statements.
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