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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 1999
<br />Note 7 METROPOLITAN COUNCIL ENVIRONMENTAL SERVICES
<br />During 1971, the Metropolitan Waste Control Commission (MWCC) was organized to provide for
<br />consolidation of the sanitary sewer collection, treatment and disposal in the seven county metropolitan area
<br />surrounding Minneapolis and St. Paul. Previously, these operations were maintained by the city governments
<br />on an 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
<br />_ Environmental Services (MCES). The MCES bills the City annually based upon estimated volume and
<br />budgeted costs. The City follows the accounting policy of recognizing these charges as an expense of the
<br />sewer utility operation in the year for which they are billed.
<br />NNW
<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 />$ 7,298,120
<br />10,891,944
<br />$ 18,190,064
<br />Note 9 SEGMENT INFORMATION
<br />Capital
<br />Contributions
<br />$ 1,627,968
<br />2,983,640
<br />$ 4,611,608
<br />Depreciation
<br />on Contributed
<br />Assets
<br />$ (165,445)
<br />(247,128)
<br />$ (412,573)
<br />Ending
<br />Balance
<br />$ 8,760,643
<br />13.628,456
<br />$ 22,389,099
<br />The City actively maintains two Enterprise Funds which provide water and sanitary sewer services. Segment
<br />information for the year ended December 31, 1999 is as follows:
<br />Water
<br />Utility
<br />Operating revenue $ 555,368
<br />Depreciation expense 256,844
<br />Operating income (loss) (82,404)
<br />Property, plant and
<br />equipment additions 1,630,627
<br />Capital Contributions 1,627,968
<br />Net income (loss) (213,088)
<br />Operating transfers in (out) 49,366
<br />Net property, plant
<br />and equipment 12,357,263
<br />Net working capital 574,561
<br />Total assets 13,600,698
<br />Bonds payable 4,550,000
<br />Total equity 8,893,242
<br />Sewer Totals
<br />Utility
<br />1999 1998
<br />$ 713,523 $ 1,268,891 $ 1,305,697
<br />258,506 515,350 374,868
<br />(94,145) (176,549) 40,948
<br />3,024,404
<br />2,983,640
<br />(88,217)
<br />13,718,357
<br />734,283
<br />14,461,956
<br />14,448,870
<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 />3,436,747
<br />4,013,096
<br />(312,492)
<br />(162,759)
<br />21,935,940
<br />682,550
<br />23,247,854
<br />4,075,000
<br />19,031,809
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