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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, 1993
<br />With Comparative Totals For The Year Ended December 31,1992
<br />Statement 15
<br />Gas Totals
<br />Water Sewer Utility 1993 1992
<br />Operating revenue:
<br />Charges for services $177,536 $291,062 $468,598 $371,510
<br />Other operating revenue 55,863 5,237 61,100 57,199
<br />Total operating revenue 233,399 296,299 $0 529,698 428,709
<br />'" Operating expenses:
<br />Personal services 47,796 43,942 91,738 91,300
<br />Materials and supplies 79,808 1,192 81,000 55,295
<br />Contractual services 11,502 19,983 31,485 22,853
<br />Repair and maintenance 8,297 9,702 17,999 22,569
<br />MWCC sewer charges 168,891 168,891 111,897
<br />Depreciation:
<br />Purchased assets 18 713 731 1,073
<br />Contributed assets 94,984 157,108 252,092 144,271
<br />Utilities 9,893 7,900 17,793 12,590
<br />Other 12,135 13,424 25,559 25,432
<br />Total operating expenses 264,433 422,855 0 687,288 487,280
<br />Net income (loss) from operations (31,034) (126,556) 0 (157,590) (58,571)
<br />Other income (expense):
<br />Interest on investments 6,251 377 6,628 10,250
<br />Maintenance agreement - MWCC 7,294 7,294 13,061
<br />Area and unit charges 132,175 132,175 96,712
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<br />Bond interest (74,950) (74,950) (57,632)
<br />Paying agent fees (400) (400)
<br />Total other income (expense) 63,076 7,671 0 70,747 62,391
<br />Net income (loss) before operating transfers 32,042 (118,885) 0 (86,843) 3,820
<br />Operating transfers:
<br />Operating transfer from Capital Project Funds 93,238 93,238
<br />Operating transfer to Capital Project Funds (132,175) (132,175) (96,712)
<br />Total operating transfers (38,937) 0 0 (38,937) (96,712)
<br />Net income (loss) (6,895) (118,885) 0 (125,780) (92,892)
<br />Credit arising from transfer of depreciation
<br />to contributions from property owners 94,984 157,108 252,092 144,271
<br />Retained earnings (deficit) - January 1 30,538 65,499 (49) 95,988 44,609
<br />-- Retained earnings (deficit) - December 31 $118,627 $103,722 ($49) $222,300 $95,988
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