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limmr
<br />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, 1992
<br />Exhibit 11
<br />Total
<br />Water Sewer 1992 1991
<br />Operating revenue:
<br />Charges for services $166,563 $204,947 $371,510 $230,218
<br />- Other operating revenue 55,773 1,426 57,199 33,839
<br />Total operating revenue 222,336 206,373 428,709 264,057
<br />Operating expenses:
<br />Personal services 47,469 43,831 91,300 79,127
<br />Materials and supplies 54,366 929 55,295 29,819
<br />-_ Contractual services 9,207 13,646 22,853 36,631
<br />Repair and maintenance 15,028 7,541 22,569 28,281
<br />MWCC sewer charges 111,897 111,897 81,060
<br />- Depreciation:
<br />Purchased assets 361 712 1,073 1,190
<br />Contributed assets 59,976 84,295 144,271 127,358
<br />Utilities 7,267 5,323 12,590 7,474
<br />T Other 9,586 15,846 25,432 24,389
<br />Total operating expenses 203,260 284,020 487,280 415,329
<br />Net income (loss) from operations $19,076 ($77,647) (58,571) (151,272)
<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 3,820 (83,765)
<br />Operating transfers:
<br />- Operating transfer to Capital Project Funds
<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 />(96,712) (52,320)
<br />(92,892) (136,085)
<br />144,271 127,358
<br />44,658 53,385
<br />$96,037 $44,658
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