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<br />CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 2000
<br />Note 7 METROPOLITAN COUNCIL ENVIRONMENTAL SERVICES
<br />During 1971, the Metropolitan Waste Control Commission (MWCC) was organized to provide for consolidation
<br />of the sanitary sewer collection, treatment and disposal in the seven county metropolitan area surrounding
<br />Minneapolis and St. Paul. Previously, these operations were maintained by the city governments on an
<br />individual or collective basis. The MWCC merged with the Metropolitan Council during 1994 to form
<br />Metropolitan Council Wastewater Services (MCWS) and is now called the Metropolitan Council Environmental
<br />Services (MCES). The MCES bills the City annually based upon estimated volume and budgeted costs. The
<br />City follows the accounting policy of recognizing these charges as an expense of the sewer utility operation in
<br />the year for which they are billed.
<br />Note 8 RECONCILIATION OF CONTRIBUTED CAPITAL
<br />Changes to contributed capital during the year are as follows:
<br />Water
<br />Sewer
<br />Total
<br />Beginning
<br />Balance
<br />$ 8,760,643
<br />13,628,456
<br />$ 22,389,099
<br />Note 9 SEGMENT INFORMATION
<br />Capital
<br />Contributions
<br />$ 574,762
<br />658,505
<br />$ 1,233,267
<br />The City actively maintains two Enterprise Funds which provide
<br />information for the year ended December 31, 2000 is as follows:
<br />Operating revenue
<br />Depreciation expense
<br />Operating income (loss)
<br />Property, plant and
<br />equipment additions
<br />Capital Contributions
<br />Net income (loss)
<br />Operating transfers in (out)
<br />Net property, plant
<br />and equipment
<br />Net working capital
<br />Total assets
<br />Bonds payable
<br />Total equity
<br />Water
<br />Utility
<br />$ 718,822
<br />287,967
<br />(64,328)
<br />574,762
<br />75,385
<br />320,509
<br />12,646,705
<br />77,613
<br />14,076,205
<br />4,340,000
<br />9,543,389
<br />Depreciation
<br />on Contributed
<br />Assets
<br />$ (198,004)
<br />(306,801)
<br />$ (504,805)
<br />Ending
<br />Balance
<br />$ 9,137,401
<br />13,980,160
<br />$ 23,117,561
<br />water and sanitary sewer services. Segment
<br />Sewer
<br />Utility
<br />$ 875,850
<br />321,416
<br />(87,295)
<br />658,505
<br />(37,863)
<br />14,083,800
<br />1,000,631
<br />15,108,930
<br />15,069,512
<br />Totals
<br />2000
<br />$ 1,594,672
<br />609,383
<br />(151,623)
<br />1,233,267
<br />37,522
<br />320,509
<br />26,730,505
<br />1,078,244
<br />29,185,135
<br />4,340,000
<br />24,612,901
<br />1999
<br />$ 1,268,891
<br />515,350
<br />(176,549)
<br />4,655,031
<br />4,611,608
<br />(301,305)
<br />49,366
<br />26,075,620
<br />1,308,844
<br />28,062,654
<br />4,550,000
<br />23,342,112
<br />
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