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�- 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, 1992
<br />Statement 15
<br />Gas Totals
<br />Water and Sewer Utility 1992
<br />1991
<br />Operating revenue:
<br />Charges for services $371,510 $371,510 $230,218
<br />- Other operating revenue 57,199 57,199 33,839
<br />Total operating revenue 428,709 $0 428,709 264,057
<br />Operating expenses:
<br />Personal services 91,300 91,300 79,127
<br />Materials and supplies 55,295 55,295 29,819
<br />.. Contractual services 22,853 22,853 36,680
<br />Repair and maintenance 22,569 22,569 28,281
<br />MWCC sewer charges 111,897 111,897 81,060
<br />Depreciation:
<br />Purchased assets 1,073 1,073 1,190
<br />Contributed assets 144,271 144,271 127,358
<br />- Utilities 12,590 12,590 7,474
<br />Other 25,432 25,432 24,389
<br />Total operating expenses 487,280 0 487,280 415,378
<br />Net income (loss) from operations (58,571) 0 (58,571) (151,321)
<br />Other income (expense):
<br />- Interest on investments 10,250 10,250 623
<br />Maintenance agreement - MWCC 13,061 13,061 14,564
<br />Area and unit charges 96,712 96,712 52,320
<br />Bond interest (57,632) (57,632)
<br />Total other income (expense) 62,391 0 62,391 67,507
<br />Net income (loss) before operating transfers 3,820 0 3,820 (83,814)
<br />Operating transfers:
<br />Operating transfer to Capital Project Funds (96,712) (96,712) (52,320)
<br />Net income poss) (92,892) 0 (92,892) (136,134)
<br />Credit arising from transfer of depreciation
<br />to contributions from property owners 144,271 144,271 127,358
<br />Retained earnings (deficit) - January 1 44,658 (49) 44,609 53,385
<br />- Retained earnings (deficit) - December 31 $96,037 ($49) $95,988 $44,609
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