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Proprietary Revenues and Expenditures
<br />Proprietary funds by definition receive most of their revenue resources from user fees. In accordance
<br />with the city’s fiscal policy, user fees such utility fees and golf fees are reviewed annually and up-dated in
<br />accordance with operational projections.
<br />The major expenditure category that accounts for the majority of total expenditures is Other Services and
<br />Charges. This category includes the wholesale cost of water and sanitation waste processing. These
<br />charges account for 75% of the utility costs on a consistent basis.
<br />Such costs are set by either the St. Paul
<br />Water Board (water) or the Metropolitan Council (sewer). The city’s objective is to set rates for the
<br />wholesale costs plus coverage of costs associated with the community’s distribution systems.
<br />Below is a 5-year comparative summary of revenues, expenditures, and changes in fund balance for all
<br />proprietary funds.
<br />1997199819992000
<br />2001
<br />ActualActualActualBudaeted Budaeted
<br />Sales
<br />32,32520,00020,000
<br />26,32132,154
<br />Cost of sales
<br />(15,157)(16,024)(22,861)(10,000)
<br />(10,000)
<br />Gross Profit
<br />11,16416,13010,09010,000
<br />Operating revenues
<br />User charges
<br /> 8511,965
<br />Other
<br />380,419
<br />262,596213,555191,000191,000
<br />Total Operating Revenues
<br />Operating Expenses
<br />Personal services753,416760,249
<br />795,912879,313879,313
<br />Supplies
<br />114,167108,577104,813127,130
<br />127,130
<br />Other services andcharges
<br />543,639558,986
<br />Depreciation
<br />525,225590,000590,000
<br />Total operating expenses
<br /> income
<br />75,126952,76996,426
<br />Non-operating revenues
<br />Other misc. revenues
<br />Interest365,983894,517
<br />430,000430,000
<br />128,790
<br />Total non-operating revenues
<br />365,983920,883495,283430,000
<br />430,000
<br />Income (loss) before operating transfers
<br />441,109591,709
<br />Operating transfers in (out)
<br />(201,459)
<br />Prior period adjustment-f.v. investments
<br />1352,673
<br />Netincome(loss)
<br />532,486
<br />441,1091387,705
<br />1387,705
<br />Retained earnings January 1
<br />Retained earnings December 31
<br />III- 15
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