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<br />32
<br />CITY OF LINO LAKES, MINNESOTA Statement 8
<br />STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION - PROPRIETARY FUNDS
<br />Total
<br />Water Sewer 2013
<br />Operating revenue:
<br /> Charges for services 1,176,917$ 1,508,997$ 2,685,914$
<br /> Hook-up charges 8,750 7,400 16,150
<br /> Water meter sales 12,332 - 12,332
<br /> Other operating revenue 10,743 - 10,743
<br /> Total operating revenue 1,208,742 1,516,397 2,725,139
<br />Operating expenses:
<br /> Personal services 187,942 192,292 380,234
<br /> Materials and supplies 148,516 65,547 214,063
<br /> Contractual services 58,886 80,653 139,539
<br /> MCES sewer charges - 747,199 747,199
<br /> Depreciation 416,468 437,725 854,193
<br /> Utilities 96,850 45,123 141,973
<br /> Other 19,138 15,856 34,994
<br /> Total operating expenses 927,800 1,584,395 2,512,195
<br />Net income (loss) from operations 280,942 (67,998) 212,944
<br />Other income (expense):
<br /> Investment earnings 43,075 70,327 113,402
<br /> Net increase (decrease) in fair value of investments (60,082) (98,093) (158,175)
<br /> Special assessments 442 441 883
<br /> Total other expense (16,565) (27,325) (43,890)
<br />Net income before contributions and transfers 264,377 (95,323) 169,054
<br />Capital contributions and transfers:
<br /> Capital contributions from primary government 291,403 133,625 425,028
<br /> Transfer out (35,862) (35,862) (71,724)
<br /> Total contributions and transfers 255,541 97,763 353,304
<br />Change in net position 519,918 2,440 522,358
<br />Net position - January 1 18,313,145 22,586,963 40,900,108
<br />Net position - December 31 18,833,063$ 22,589,403$ 41,422,466$
<br />The accompanying notes are an integral part of these basic financial statements.
<br />Year Ended December 31, 2013
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