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CITY OF LINO LAKES, MINNESOTA
<br />NOTES TO FINANCIAL STATEMENTS
<br />December 31, 1997
<br />Note 10 SEGMENT INFORMATION
<br />The City maintains three Enterprise Funds which provide water, sanitary sewer and gas utility services.
<br />Segment information for the year ended December 31, 1997 is as follows:
<br />Water Sewer Gas
<br />Utility Utility Utility Total
<br />Operating revenue $486,387 $628,536 $ - $1,114,923
<br />Depreciation expense 164,096 201,880 365,976
<br />Operating income (loss) 50,716 (67,563) (5,932) (22,779)
<br />Property, plant
<br />and equipment additions 646,514 14,187 660,701
<br />Net income (loss) 185,602 (49,120) (5,932) 130,550
<br />Capital contributions 25,484 26,817 52,301
<br />Net property, plant
<br />and equipment 10,270,010 8,604,052 2,375 18,876,437
<br />Net working capital 357,400 633,204 (17,241) 973,363
<br />Total assets 11,253,762 9,273,493 2,375 20,529,630
<br />Bonds payable 4,165,000 - 4,165,000
<br />Total equity 6,773,219 9,234,010 (14,866) 15,992,363
<br />Note 11 DEFICIT FUND BALANCES/RETAINED EARNINGS
<br />The City has deficit fund balances/retained earnings at December 31, 1997 as follows:
<br />Fund
<br />Balance/Retained
<br />Earnings Deficit
<br />Capital Project Funds:
<br />Capital Improvement Projects $22,358
<br />MSA Construction 24,618
<br />1994 Construction 66,298
<br />1997 Construction 321,817
<br />1998 Construction 103,010
<br />Civic Center Project 143,878
<br />Tax Increment Financing 1 -6 34,203
<br />Tax Increment Financing 1 -7 436,760
<br />Tax Increment Financing 1 -8 3,799
<br />Tax Increment Financing 3 -1 357,006
<br />Enterprise Fund:
<br />Gas Utility
<br />46
<br />14,866
<br />
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