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City of Lino Lakes, Minnesota <br />Management Report, Page 40 <br />ENTERPRISE (UTILITY FUND) <br />The financial statements for the Enterprise Fund are presented in Statements 12 through 14 of <br />the 1989 Annual Financial Report. Condensed comparative statements of income and expense for <br />the years 1989 and 1988 for the combined fund are shown in the following schedule. <br />Operating Income: <br />Water billings <br />Sewer billings <br />Other <br />Total operating income <br />Operating Expenses: <br />Personal services <br />MWCC <br />Repairs and maintenance <br />Depreciation <br />Other <br />Total operating expenses <br />Income (loss) from operations <br />Other income/(expenses): <br />MWCC maintenance agreement <br />Net income/(loss) <br />For The Year Ended December 31, <br />1989 1988 <br />Amount Percent Amount Percent <br />$72,238 39.78% $43,708 34.13% <br />82,408 45.38% 69,873 54.55% <br />26,942 14.84% 14,498 1132% <br />181,588 100.00% 128,079 100.00% <br />35,549 19.58% 34,966 27.30% <br />50,531 27.83% 36,025 28.13% <br />35,798 19.71% 17,135 1338% <br />769 0.42% 813 0.63% <br />29,671 16.34% 13,063 1020% <br />152,318 83.88% 102,002 79.64% <br />29,270 16.12% 26,077 2036% <br />10,656 7,319 <br />$39 926 $33,396 <br />The City reviewed water and sewer rates and increased rates effective July 1,1988 and January <br />1, 1989. <br />