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CITY OF LINO LAKES, MINNESOTA
<br />COMBINED STATEMENT OF REVENUE, EXPENSES AND
<br />AND CHANGES IN RETAINED EARNING - ALL PROPRIETARY FUND TYPES
<br />For The Year Ended December 31, 2000
<br />Statement 4
<br />Enterprise Funds
<br />2000 1999
<br />Operating revenue:
<br />Water sales $ 717,617 $ 453,092
<br />Sewer charges 875,850 679,020
<br />Other operating revenue 1,205 136,779
<br />Total operating revenue 1,594,672 1,268,891
<br />Operating expenses:
<br />Personal services 262,284 238,667
<br />Materials and supplies 257,187 137,852
<br />Contractual services 124,547 98,557
<br />Repair and maintenance 1,568
<br />MCES sewer charges 396,800 368,937
<br />Depreciation:
<br />Purchased assets 104,578 102,777
<br />Contributed assets 504,805 412,573
<br />Utilities 86,257 71,367
<br />Other 9,837 13,142
<br />Total operating expenses 1,746,295 1,445,440
<br />Net income (loss) from operations
<br />(151,623) (176,549)
<br />Other income (expense):
<br />Investment earnings 70,738 14,668
<br />Special assessments 35,510 42,010
<br />Bond interest (234,812) (228,000)
<br />Paying agent fees (2,800) (2,800)
<br />Total other income (expense) (131,364) (174,122)
<br />Net income (loss) before operating transfers (282,987) (350,671)
<br />Operating transfers:
<br />Operating transfer from General Fund 49,366
<br />Operating transfer from Capital Project Fund 320,509
<br />Total operating transfers 320,509 49,366
<br />Net income (loss) 37,522 (301,305)
<br />Credit arising from transfer of depreciation
<br />to contributions from property owners 504,805 412,573
<br />Retained earnings - January 1 953,013 841,745
<br />Retained earnings - December 31 $ 1,495,340 $ 953,013
<br />The accompanying notes are an integral part of these financial statements.
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