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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, 2000
<br />With Comparative Totals For The Year Ended December 31, 1999
<br />Statement 16
<br />Totals
<br />Water Sewer 2000 1999
<br />taw Operating revenue:
<br />Charges for services $ 613,575 $ 849,750 $ 1,463,325 $ 1,132,112
<br />Hook -up charges 32,800 26,100 58,900 61,035
<br />Water meter sales 71,242 71,242 68,172
<br />Other operating revenue 1,205 1,205 7,572
<br />Total operating revenue 718,822 875,850 1,594,672 1,268,891
<br />Operating expenses:
<br />Personal services 128,532 133,752 262,284 238,667
<br />Materials and supplies 252,662 4,525 257,187 137,852
<br />Contractual services 41,952 82,595 124,547 98,557
<br />Repair and maintenance 1,568
<br />MCES sewer charges 396,800 396,800 368,937
<br />Depreciation:
<br />- Purchased assets 89,963 14,615 104,578 102,777
<br />Contributed assets 198,004 306,801 504,805 412,573
<br />Utilities 63,630 22,627 86,257 71,367
<br />Other 8,407 1,430 9,837 13,142
<br />Total operating expenses 783,150 963,145 1,746,295 1,445,440
<br />Net income (loss) from operations (64,328) (87,295) (151,623) (176,549)
<br />Other income (expense):
<br />Investment earnings 30,572 40,166 70,738 14,668
<br />Special assessments 26,244 9,266 35,510 42,010
<br />Bond interest (234,812) - (234,812) (228,000)
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<br />Paying agent fees (2,800) (2,800) (2,800)
<br />Total other income (expense) (180,796) 49,432 (131,364) (174,122)
<br />Net income (loss) before operating transfers (245,124) (37,863) (282,987) (350,671)
<br />Operating transfers:
<br />Operating transfer from General Fund 49,366
<br />Operating transfer from Capital Projects Fund 320,509 320,509 -
<br />Total operating transfers 320,509 320,509 49,366
<br />Net income (loss) 75,385 (37,863) 37,522 (301,305)
<br />Credit arising from transfer of depreciation
<br />to contributed capital 198,004 306,801 504,805 412,573
<br />Retained earnings - January 1 132,599 820,414 953,013 841,745
<br />Retained earnings - December 31 $ 405,988 $ 1,089,352 $ 1,495,340 $ 953,013
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