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- QTY 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, 1995
<br />With Comparative Totals For The Year Ended December 31, 1994
<br />Statement 15
<br />Gas Totals
<br />Water Sewer Utility 1995 1994
<br />Operating revenue:
<br />Charges for services $290,588 $439,843 $ $730,431 $609,906
<br />Hook -Up charges 25,250 20,825 46,075
<br />▪ Water meter sales 22,121 - 22,121 32,438
<br />Other operating revenue 515 22,453 22,968 19,505
<br />Total operating revenue 338,474 483,121 0 821,595 661,849
<br />Operating expenses:
<br />Personal services 69,790 63,715 133,505 95,334
<br />... Materials and supplies 47,250 865 48,115 49,882
<br />Contractual services 17,361 8,969 26,330 16,475
<br />Repair and maintenance 9,040 4,970 14,010 8,814
<br />MCES sewer charges 236,388 236,388 224,268
<br />-
<br />Depreciation:
<br />Purchased assets 22,227 793 23,020 20,911
<br />Contributed assets 105,626 175,829 281,455 266,187
<br />- Utilities 32,506 35,098 67,604 59,238
<br />Other 1,777 1,484 - 3,261 9,170
<br />Total operating expenses 305,577 528,111 0 833,688 750,279
<br />Net income (loss) from operations 32,897 (44,990) 0 (12,093) (88,430)
<br />- Other income (expense):
<br />Interest on investments 18,708 7,567 26,275 11,957
<br />- Maintenance agreement - MCES - - 12,699
<br />Area and unit charges 179,250 179,250 183,667
<br />Bond interest (63,718) (63,718) (65,680)
<br />Paying agent fees (400) (400) (400)
<br />Total other income (expense) 133,840 7,567 0 141,407 142,243
<br />Net income (loss) before operating transfers 166,737 (37,423) 129,314 53,813
<br />Operating transfers:
<br />Operating transfer from Capital Project Funds 104,565 104,565 91,548
<br />Operating transfer to Capital Project Funds (179,250) (179,250) (183,667)
<br />Total operating transfers (74,685) 0 0 (74,685) (92,119)
<br />Net income (loss) 92,052 (37,423) 0 54,629 (38,306)
<br />Credit arising from transfer of depreciation
<br />to contributed capital 105,626 175,829 281,455 266,187
<br />Retained earnings (deficit) - January 1 276,830 173,400 (49) 450,181 222,300
<br />Retained earnings (deficit) - December 31 $474,508 $311,806 ($49) $786,265 $450,181
<br />81
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