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Mow
<br />IMMIN
<br />NNW
<br />Iwo
<br />CITY OF' LINO LAKES, MINNESOTA
<br />ENTERPRISE FUNDS
<br />COMBINING STATEMENT OF REVENUES, EXPENSES
<br />AND CHANGES IN RETAINED EARNINGS
<br />For The Year Ended December 31, 2002
<br />With Comparative Totals For The Year Ended December 31, 2001
<br />Statement 16
<br />Totals
<br />Water Sewer 2002 2001
<br />Operating revenue:
<br />Charges for services $ 672,902 $ 1,089,249 $ 1,762,151 $ 1,760,904
<br />Hook -up charges 29,260 23,560 52,820 50,065
<br />Water meter sales 65,604 65,604 61,867
<br />Other operating revenue 10,212 10,212 5,090
<br />Total operating revenue 777,978 1,112,809 1,890,787 1,877,926
<br />Operating expenses:
<br />Personal services
<br />Materials and supplies
<br />Contractual services
<br />MCES sewer charges
<br />Depreciation:
<br />Purchased assets
<br />Contributed assets
<br />Utilities
<br />Other
<br />Total operating expenses
<br />Net income (loss) from operations
<br />Other income (expense):
<br />Investment earnings
<br />Special assessments
<br />Contributions from private sources
<br />Bond interest
<br />Paying agent fees
<br />Total other income (expense)
<br />Net income (loss) before operating transfers
<br />Operating transfers:
<br />Operating transfer from Capital Projects Fund
<br />Total operating transfers
<br />Net income (loss)
<br />Credit arising from transfer of depreciation
<br />to contributed capital
<br />Retained earnings - January 1
<br />Retained earnings - December 31
<br />151,918 131,599 283,517 258,237
<br />357,070 12,980 370,050 257,796
<br />39,805 31,121 70,926 97,140
<br />436,219 436,219 370,968
<br />84,378 16,681 101,059 103,092
<br />216,485 328,417 544,902 529,471
<br />48,718 25,651 74,369 78,020
<br />13,240 7,496 20,736 21,867
<br />911,614 990,164 1,901,778 1,716,591
<br />(133,636) 122,645 (10,991) 161,335
<br />6,267 34,056 40,323
<br />(68,042) 267 (67,775)
<br />25,082 35,029 60,111
<br />(168,935) - (168,935)
<br />(750) (750)
<br />(206,378) 69,352 (137,026)
<br />(340,014) 191,997 (148,017)
<br />304,075 304,075
<br />304,075 304,075
<br />(35,939) 191,997 156,058
<br />216,485 328,417 544,902
<br />827,113 1,545,234 2,372,347
<br />$ 1,007,659 $ 2,065,648 $ 3,073,307
<br />68
<br />40,558
<br />23,243
<br />(183,750)
<br />(1,500)
<br />(121,449)
<br />39,886
<br />307,650
<br />307,650
<br />347,536
<br />529,471
<br />1,495,340
<br />$ 2,372,347
<br />
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