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CITY OF LINO LAKES, MINNESOTA
<br />STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET ASSETS - PROPRIETARY FUNDS
<br />December 31, 2009
<br />Statement 8
<br />Operating revenue:
<br />Charges for services
<br />Hook -up charges
<br />Water meter sales
<br />Other operating revenue
<br />Total operating revenue
<br />Water
<br />$ 1,334,055
<br />8,750
<br />10,874
<br />12,138
<br />1,365,817
<br />Total
<br />Sewer 2009
<br />$ 1,477,007
<br />7,490
<br />17,667
<br />1,502,164
<br />$ 2,811,062
<br />16,240
<br />10,874
<br />29,805
<br />2,867,981
<br />Operating expenses:
<br />Personal services 187,201 172,744 359,945
<br />Materials and supplies 269,925 43,147 313,072
<br />Contractual services 60,814 91,973 152,787
<br />MCES sewer charges - 625,353 625,353
<br />Depreciation 423,218 446,788 870,006
<br />Utilities 78,532 37,121 115,653
<br />Other 21,262 14,981 36,243
<br />Total operating expenses 1,040,952 1,432,107 2,473,059
<br />Net income from operations 324,865 70,057 394,922
<br />Other income (expense):
<br />Investment earnings 74,818 153,929 228,747
<br />Special assessments 8,107 662 8,769
<br />Bond interest (43,298) (43,298)
<br />Paying agent fees (5,319) - (5,319)
<br />Total other income (expense) 34,308 154,591 188,899
<br />Net income before contributions and transfers 359,173 224,648 583,821
<br />Contributions and transfers:
<br />Contributions from private sources
<br />Capital contributions from primary government
<br />Transfer out
<br />Total contributions and transfers
<br />Change in Net Assets
<br />Net Assets - January 1
<br />Net Assets - December 31
<br />The accompa v notes a
<br />hash finait( ial
<br />31
<br />62,710 - 62,710
<br />182,190 182,190
<br />(35,561) (10,561) (46,122)
<br />209,339 (10,561) 198,778
<br />568,512 214,087 782,599
<br />17,046,455 22,354,993 39,401,448
<br />$ 17,614,967 $ 22,569,080 $ 40,184,047
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