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CITY 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, 1994
<br />With Comparative Totals For The Year Ended December 31, 1993
<br />Statement 15
<br />Gas Totals
<br />Water Sewer Utility 1994 1993
<br />Operating revenue:
<br />Charges for services $252,301 $357,605 $ $609,906 $468,598
<br />�.. Other operating revenue 42,705 9,238 51,943 61,100
<br />Total operating revenue 295,006 366,843 0 661,849 529,698
<br />... Operating expenses:
<br />Personal services 51,133 44,201 95,334 91,738
<br />Materials and supplies 48,758 1,124 49,882 80,551
<br />"' Contractual services 4,985 11,490 16,475 28,452
<br />Repair and maintenance 6,625 2,189 8,814 17,999
<br />MCWS sewer charges 224,268 224,268 168,891
<br />Depreciation:
<br />Purchased assets 20,198 713 20,911 731
<br />Contributed assets 102,778 163,409 266,187 252,092
<br />•• Utilities 31,082 28,156 59,238 36,114
<br />Other 7,181 1,989 9,170 10,720
<br />Total operating expenses 272,740 477,539 0 750,279 687,288
<br />Net income (loss) from operations 22,266 (110,696) 0 (88,430) (157,590)
<br />Other income (expense):
<br />Interest on investments 7,691 4,266 - 11,957 6,628
<br />Maintenance agreement - MCWS - 12,699 - 12,699 7,294
<br />Area and unit charges 183,667 183,667 132,175
<br />", Bond interest (65,680) (65,680) (74,950)
<br />Paying agent fees (400) (400) (400)
<br />Total other income (expense) 125,278 16,965 0 142,243 70,747
<br />Net income (loss) before operating transfers 147,544 (93,731) 0 53,813 (86,843)
<br />Operating transfers:
<br />Operating transfer from Capital Project Funds 91,548 91,548 93,238
<br />Operating transfer to Capital Project Funds (183,667) (183,667) (132,175)
<br />• Total operating transfers (92,119) 0 0 (92,119) (38,937)
<br />Net income (loss) 55,425 (93,731) 0 (38,306) (125,780)
<br />Credit arising from transfer of depreciation
<br />to contributed capital 102,778 163,409 266,187 252,092
<br />Retained earnings (deficit) - January 1 118,627 103,722 (49) 222,300 95,988
<br />▪ Retained earnings (deficit) - December 31 $276,830 $173,400 ($49) $450,181 $222,300
<br />63
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