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LAKE MINNETONKA CADLE COMMUNICATIONS COMMISSION <br />STATEMENTS OF INCOME AND OPERATING FUND - CASH BASIS <br />Y?AP5 ended DECEMBER 31. 1989 AND 1988 <br />1989 1988 <br />INCOME: <br />Franchise fees (Note 3) $43.022 $88,852 <br />OPERATING EXPENSES: <br />Wages 34,704 32,740 <br />Legal fees 1,162 332 <br />Office supplies 1,802 1,992 <br />Telephone, reproduction and postage 1,345 1,337 <br />Dues and subscriptions 1,345 1,145 <br />Conferences and schools 3,957 3,574 <br />Accounting 3,832 2,116 <br />Depreciation 1,201 756 <br />Insurance 3,303 3,578 <br />Auto expense 466 509 <br />Miscellaneous 602 355 <br />Secretarial service 1,036 1,049 <br />Payroll taxes 2,68.’.2,098 <br />Video expense 1,099 - - <br />Pension contribution _ _Hi 1.106 <br />TOTAL OPERATING EXPENSES 59.247 52.687 <br />OPERATING INCOME^LOSS)(16.225)36,165 <br />OTHER INCOME: <br />Miscellaneous income 3,285 326 <br />Interest 5.352 2.685 <br />NET INCra** (LOSS)(7.588)39,176 <br />TRANSFER TO (FROM) RZ5' RIOTED FUNDS - NET 26 (13,812) <br />OPERATING FUND BALANCE, BEGINNING OF YEAR 51.064 25.700 <br />OPERATING FUND BALANCE, END OF YEAR S 43.502 S 51.064 <br />The accompanying notes are an integral part of these financial statements. <br />- 3 - <br />i