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City of Lino Lakes, Minnesota
<br />Management Report, Page 44
<br />3. Annually update the following schedule to analyze fluctuation in revenue data.
<br />Residential
<br />Commercial Total
<br />Increase / (Decrease)
<br />Increase / (Decrease) Increase / (Decrease)
<br />Year Amount Amount Percent Amount Amount Percent Amount Amount Percent
<br />1982 $88,195 $18,781 S106,976
<br />1983 96,272 $8,077 9.16% 22,478 $3,697 19.68% 118,750 $11,774 11.01%
<br />1984 97,007 735 0.76% 23,829 1,351 6.01% 120,836 2,086 1.76%
<br />1985 102,156 5,149 5.31% 29,356 5,527 23.19% 131,512 10,676 8.84%
<br />1986 90,407 (11,749) (11.50)% 24,764 (4,592) (15.64)% 115,171 (16,341) (12.43)%
<br />1987 82,787 (7,620) (8.43)% 19,866 (4,898) (19.78)% 102,653 (12,518) (10.87)%
<br />1988 114,883 32,096 38.77% 21,845 1,979 9.96% 136,728 34,075 33.19%
<br />1989 120,060 5,177 4.51% 21,303 (542) (2.48)% 141,363 4,635 3.39%
<br />1990 148,802 28,742 23.94% 17,669 (3,634) (17.06)% 166,471 25,108 17.76%
<br />1991 207,162 58,360 39.22% 20,013 2,344 13.27% 227,175 60,704 36.47%
<br />1992 274,811 67,649 32.66% 18,092 (1,921) (9.60)% 292,903 65,728 28.93%
<br />Imw
<br />Bad Debts Interruptible Sales
<br />Increase / (Decrease) Increase / (Decrease)
<br />Year Amount Amount Percent Amount Amount Percent
<br />1982 $118,734
<br />1983 146,092 $27,358 23.04%
<br />1984 155,626 9,534 6.53%
<br />1985 149,590 (6,036) (3.88)%
<br />1986 92,822 (56,768) (37.95)%
<br />1987 $3,334 $3,334 3.25% 88,509 (4,313) (4.65)%
<br />1988 2,757 (577) (17.31)% 83,363 (5,146) (5.81)%
<br />1989 3,394 637 23.10% 111,977 28,614 34.32%
<br />1990 53 (3,341) (98.44)% 108,699 (3,278) (2.93)%
<br />1991 2,500 2,447 4616.98% 113,869 5,170 4.76%
<br />1992 515 (1,985) (79.40)% 126,267 12,398 10.89%
<br />Prior to 1987, bad debts were netted with sales.
<br />The City of Lino Lakes had rights to receive payment of net income after the accumulated
<br />retained earnings deficit was eliminated. Prior to 1988, the City received no such distributions.
<br />The Circle Pines gas utility has accumulated a positive retained earnings balance in excess of
<br />$1,000,000. At December 31, 1992 the Lino Lakes Franchise has a positive fund balance of
<br />$55,669.
<br />The City has taken the following actions regarding the gas utility operations:
<br />• Successfully worked to gain special State legislation to allow a greater number of
<br />members on the Joint Gas Utility Commission.
<br />• Reviewed optional criteria for representation on the Commission to allow for a fair and
<br />equitable method of appointing members from each City.
<br />• Analyzed accounting methods of allocating expenses between each City's gas operation.
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