Laserfiche WebLink
City of Lino Lakes, Minnesota <br />Management Report, Page 40 <br />Fund and code all such future expenditures in this Fund. Tax increments collected will <br />IIbe the source of financing for such expenditures. <br />Enterprise Fund <br />The Enterprise Fund of the City of Lino Lakes are presented in the 1987 Annual <br />Financial Report in Statements 14 through 16. <br />Presented below are condensed comparative operating statements. Contributed depre- <br />ciation has not been included in these presentations. <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 />For The Year Ended December 31, <br />1987 1986 <br />Amount Percent Amount Percent <br />$ 21,492 22.66% <br />49,942 52.66 <br />6,916 7.29 <br />78,350 82.61 <br />29,577 31.19 <br />33,709 35.54 <br />7,237 7.63 <br />1,082 1.14 <br />23,233 24.50 <br />94,838 100.00 <br />Income (Loss) From Operations (16,488) (17.39 %) <br />Other Income /(Expenses): <br />MWCC maintenance agreement <br />Net Income /(Loss) <br />10,072 <br />$ (6,416) <br />$ 11,608 <br />41,655 <br />4,676 <br />57,939 <br />19.42% <br />69.68 <br />7.82 <br />96.92 <br />16,204 27.10 <br />28,272 47.29 <br />5, 31 3 8.89 <br />984 1.65 <br />9,008 15.07 <br />59,781 100.00 <br />(1,842) (3.08 %) <br />7,100 <br />5,258 <br />The operating results of the Water and Sewer Utility Fund decreased by over $11,000 <br />from 1986. The City reviewed water and sewer rates and increased rates effective April <br />1, 1988. <br />