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CAP:CTAL PI_OJECLS PiJ�DS (Continued) <br />Civic Center Drive - lluring the y�ar expenditures of $21.,903 were a�ade in the <br />construction of a street adjacent to the new Citv Hall. Revenue will be provided <br />�i.n parr f.rom State-aid £unds. <br />SYI;i;TA1, ASSIsSSP1ENT I'I7ND5 <br />�', <br />S��er_ial assessmenc fuuds used by the City are eit'�.�_r ior corstruction or debt service. '' <br />'Pz�nsactions accoueted for i.n the special assessmeut construction funds are pri_marily <br />rece�ipts of bond ��roceeds and dis6ur.sements of bond proceeds for constr.uction work <br />done. Special asse�sment debt service funds are used to a,ccount for collection of <br />a;sessments agai_nst benefited property owners and disbursement of assessment collectiens <br />for the payment of bonds and intereet. Deferred tax levies are set up to finance the <br />City`s �hare oE the improvement costse Retir.ement of outstanding '6onds for 1976 <br />a:no+.int.^_d to $1,27Q,OG0. No bonds were sold during the year. �, <br />EN'I'i?RpRISE FUiIDS <br />---._.___._.--�-- � <br />61 condensed sm�nary ef operations by fund for ea.ch of the past three years is <br />presented Uelo��. <br />T_i_quor Dis �Fensa,-� F�.rnd i <br />_ 1976 __ 1475 1974 <br />Percent Percent Pe-r.cent <br />of sales of sales af sales <br />�al.es $ 989,860 <br />Cost of sales 794,062 <br />C7oss prafit $ 195,798 <br />Operat:ino- expenses I59,334 <br />e^:1i��inistrative expense 41,420 <br />C�perating income ( 4,956) <br />Other income 8�014 <br />tiet income S�_ 3�058 <br />TransTer to Ott�er <br />iucd <br />Fq�ii�aalent mill. <br />:a.t.e of *�iar�sferc <br />ioo.00 <br />so.zz <br />7_9.?8 <br />1h.7.0 <br />4.18 <br />( .50) <br />__81 <br />.31 <br />$1,124,14F3 <br />S58 459 <br />$ 265zfi89 <br />156,073 <br />42 L083 <br />67,533 <br />1,941. <br />� 69.474 <br />100.00 <br />76.37 <br />23.63 <br />13.88 <br />3J4 <br />6.01 <br />.17 <br />=6.7.8 <br />^_,1976 _ 1975 <br />Percent of Percen� of <br />net i.ncome net i.ncome <br />�_ 2tt�,�000 654.02 S 90,OG0 <br />. 7.2 <br />.61 <br />$1,234,Z22 <br />956,153 <br />$ 27?,969 <br />7.43,169 <br />32z3S5 <br />102,�,7.5 <br />2,660 <br />� 105.0�5 <br />7.00 .00 <br />77.48 <br />22.52 <br />11.60 <br />2.52 <br />8.30 <br />.21 <br />8.Si <br />197/+ _ <br />Petcent of ' <br />r.et income <br />129 S4 � 100.0�)0 95 .11, <br />.69 <br />I_r.�cl��clad i.n or_he.r ancome ior 1976 is $7,432 resultino from a settl.ement in an <br />:ut�i--trast. actien. <br />IV <br />