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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 1995
<br />Note 10 SEGMENT INFORMATION
<br />The City maintains three Enterprise Funds which provide water, sanitary sewer and gas utility services.
<br />Segment information for the year ended December 31, 1995 is as follows:
<br />Total
<br />Water Sewer Water Gas Totals
<br />Utility Utility and Sewer Utility 1995 1994
<br />Operating revenue 8338,474 5483,121 8821,595 S - S821595 $661,849
<br />Depreciation expense 127,853 176,622 304,475 304475 287,098
<br />Operating income (loss) 32,897 (44,990) (12,093) (12,093) (88430)
<br />Property, plant
<br />and equipment additions 22,334 17,292 39,626 39,626 1,617
<br />Net income (loss) 166,737 (37,423) 129,314 129,314 53,831
<br />Area and unit charges 179,250 179,250 179,250 183,667
<br />Operating transfer in 104,565 104,565 104,565 91,548
<br />Operating transfer out 179,250 179,250 179,250 (183,667)
<br />Net property, plant
<br />and equipment 6,210,729 8,307,959 14,518,688 2,375 14,521,063 12 ,958412
<br />Net working capital 436,150 294,066 730,216 (2424) 727,792 488,736
<br />Total assets 6,738,173 8,618,029 15,356,202 2,375 15,358,577 13,519,094
<br />Bonds payable 995 ,000 995,000 995,000 1,035,000
<br />Total equity 5,695,451 8,598,874 14,294,325 (49) 14294276 12412,148
<br />Capital contributions 796,899 1,030,600 1,827,499
<br />Note 11 DEFICIT FUND BALANCES/RETAINED EARNINGS
<br />The City has deficit fund balances/retained earnings at December 31, 1995 as follows:
<br />Debt Service Fund:
<br />1992 Certificates of Indebtedness
<br />Fund
<br />Balance/Retained
<br />Earnings Deficit
<br />$47,615
<br />Capital Project Funds:
<br />Capital Improvement Projects 15,526
<br />Community Development Block Grant 1,268
<br />1994 Construction 334,536
<br />1995 Construction 35,030
<br />1996 Construction 61,560
<br />Tax Increment Financing 1-4 36,069
<br />Tax Increment Financing 1 -5 1,342
<br />Tax Increment Financing 1-6 26,039
<br />Tax Increment Financing 1 -7 157,853
<br />Tax Increment Financing 3 -1 5,381
<br />Enterprise Fund:
<br />Gas Utility
<br />42
<br />49
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