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CITY OF LINO LAKES, MINNESOTA
<br />ENTERPRISE FUNDS
<br />COMBINING STATEMENT OF REVENUE, EXPENSES
<br />- AND CHANGES IN RETAINED EARNINGS
<br />For The Year Ended December 31, 2001
<br />With Comparative Totals For The Year Ended December 31, 2000
<br />Statement 16
<br />Totals
<br />Water Sewer 2001 2000
<br />Operating revenue:
<br />Charges for services $ 771,404 $ 989,500 $ 1,760,904 $ 1,463,325
<br />Hook -up charges 27,625 22,440 50,065 58,900
<br />Water meter sales 61,867 - 61,867 71,242
<br />Other operating revenue 5,047 43 5,090 1,205
<br />Total operating revenue 865,943 1,011,983 1,877,926 1,594,672
<br />-
<br />Operating expenses:
<br />Personal services 129,824 128,413 258,237 262,284
<br />- Materials and supplies 253,022 4,774 257,796 257,187
<br />Contractual services 57,316 39,824 97,140 124,547
<br />MCES sewer charges 370,968 370,968 396,800
<br />- Depreciation:
<br />Purchased assets 86,206 16,886 103,092 104,578
<br />Contributed assets 209,500 319,971 529,471 504,805
<br />Utilities 54,859 23,161 78,020 86,257
<br />_
<br />Other 13,628 8,239 21,867 9,837
<br />Total operating expenses 804,355 912,236 1,716,591 1,746,295
<br />- Net income (loss) from operations 61,588 99,747 161,335 (151,623)
<br />Other income (expense):
<br />Investment earnings 6,448 34,110 40,558 70,738
<br />- Special assessments 21,189 2,054 23,243 35,510
<br />Bond interest (183,750) - (183,750) (234,812)
<br />Paying agent fees (1,500) (1,500) (2,800)
<br />- Total other income (expense) (157,613) 36,164 (121,449) (131,364)
<br />Net income (loss) before operating transfers (96,025) 135,911 39,886 (282,987)
<br />Operating transfers:
<br />Operating transfer from Capital Projects Fund 307,650 307,650 320,509
<br />Net income (loss) 211,625 135,911 347,536 37,522
<br />Credit arising from transfer of depreciation
<br />to contributed capital 209,500 319,971 529,471 504,805
<br />Retained earnings - January 1 405,988 1,089,352 1,495,340 953,013
<br />Retained earnings - December 31 $ 827,113 $ 1,545,234 $ 2,372,347 $ 1,495,340
<br />Ilimmo
<br />68
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