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CITY OF LINO LAKES, MINNESOTA Statement 8
<br />STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION - PROPRIETARY FUNDS
<br />Year Ended December 31, 2012
<br />Total
<br />Water Sewer 2012
<br />Operating revenue:
<br />Charges for services $ 1,352,003 $ 1,499,589 $ 2,851,592
<br />Hook -up charges 6,770 5,930 12,700
<br />Water meter sales 7,309 - 7,309
<br />Other operating revenue 5,727 262 5,989
<br />Total operating revenue 1,371,809 1,505,781 2,877,590
<br />Operating expenses:
<br />Personal services 168,409 171,616 340,025
<br />Materials and supplies 153,665 22,865 176,530
<br />Contractual services 90,926 107,989 198,915
<br />MCES sewer charges - 684,933 684,933
<br />Depreciation 423,887 438,180 862,067
<br />Utilities 90,992 42,555 133,547
<br />Other 19,598 59,499 79,097
<br />Total operating expenses 947,477- 1,527,637' 2,475,114
<br />Net income from operations 424,332 (21,856) 402,476
<br />Other income (expense):
<br />Investment earnings 35,321 66,752 102,073
<br />Special assessments 19,125 893 20,018
<br />Bond interest (1,237) (1,237)
<br />Paying agent fees (407) (407)
<br />Total other income (expense) 52,802 67,645 120,447
<br />Net income before contributions and transfers 477,134 45,789 522,923
<br />Capital contributions and transfers:
<br />Capital contributions from primary government 12,725 15,254 27,979
<br />Transfer out (34,511) (34,511) (69,022)
<br />Change in Net Position 455,348 26,532 481,880
<br />Net Position - January 1 17,857,797 22,560,431 40,418,228
<br />Net Position - December 31 $ 18,313,145 $ 22,586,963 $ 40,900,108
<br />The accompanying notes are an integral part of these basic financial statements.
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