Management Report and Recommendations 12/31/1984

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City of Lino Lakes, Minnesota Management Report, Page 30 A subsequent letter received from the State Auditor confirms that transfers from special assessment funds for administrative charges are unacceptable. All such charges (from debt service) for 1984 were reversed during the year -end closing process. Enterprise Fund The Enterprise Fund of the City of Lino Lakes financial statements are presented in the 1984 Annual Financial Report in Statements 15 through 17. Presented below are condensed comparative operating statements. Contributed depre- ciation has not been included in these presentations. For The Year Ended December 31, 1984 1983 Amount Percent Amount Percent Operating Income: Water billings $ 6,011 13.26% $ 5,421 15.03% Sewer billings 36,417 80.33 27,763 77.02 Other 2,909 6.41 2,862 7.95 Total operating income 45,337 100.00 36,046 100.00 Operating Expenses: Personal services 14,831 32.71 11,477 31.84 MWCC 23,866 52.64 18,116 50.26 Repairs and maintenance 4,088 9.02 7,810 21.67 Depreciation 838 1.85 838 2.32 Other 8,494 18.73 8,975 24.89 Total operating expenses 52,117 114.95 47,216 130.98 Income (Loss) From Operations Other Income /(Expenses): MWCC maintenance agreement Net Income /(Loss) (6,780) (14.95 %) (11,170) (30.98 %) 7,138 $ 358 11,010 $ (160) The operating results of the Water and Sewer Utility Fund increased by $500 from 1983. The increased revenue was primarily the result of increased connections to sewer. The City should review rates annually and make adjustments to the rates based on costs incurred and expected to be incurred.