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<br />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, 1997
<br />With Comparative Totals For The Year Ended December 31, 1996
<br />Statement 16
<br />Gas Totals
<br />Water Sewer Utility 1997 1996
<br />Operating revenue:
<br />Charges for services $430,938 $585,149 $ $1,016,087 $886,171
<br />Hook -up charges 21,500 17,200 38,700 43,225
<br />Water meter sales 24,632 - - 24,632 28,960
<br />Other operating revenue 9,317 26,187 35,504 23,105
<br />Total operating revenue 486,387 628,536 0 1,114,923 981,461
<br />Operating expenses:
<br />Personal services 75,257 79,130 154,387 145,181
<br />Materials and supplies 90,795 7,626 98,421 42,286
<br />Contractual services 28,423 45,621 5,932 79,976 74,332
<br />Repair and maintenance 24,813 17,918 - 42,731 8,576
<br />MCES sewer charges 297,202 297,202 260,421
<br />Depreciation:
<br />Purchased assets 26,527 5,241 31,768 29,550
<br />Contributed assets 137,569 196,639 334,208 299,864
<br />.. Utilities 50,364 45,468 95,832 83,672
<br />Other 1,923 1,254 3,177 3,851
<br />Total operating expenses 435,671 696,099 5,932 1,137,702 947,733
<br />Net income (loss) from operations 50,716 (67,563) (5,932) (22,779) 33,728
<br />Other income (expense):
<br />Interest on investments 35,387 18,437 53,824 46,793
<br />Special assessments 329,399 6 329,405
<br />Bond interest (229,375) (229,375) (144,228)
<br />Paying agent fees (525) (525) (26,653)
<br />Total other income (expense) 134,886 18,443 0 153,329 (124,088)
<br />Net income (loss) 185,602 (49,120) (5,932) 130,550 (90,360)
<br />Credit arising from transfer of depreciation
<br />to contributed capital 137,569 196,639 334,208 299,864
<br />Retained earnings (deficit) - January 1 514,384 522,380 (8,934) 1,027,830 818,326
<br />Retained earnings (deficit) - December 31 $837,555 $669,899 ($14,866) $1,492,588 $1,027,830
<br />- s -- z; 3 I -0
<br />93
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