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34
<br />CT_TY OP ROSTVILLE, MINNPSOTA
<br />WATER OPERATING FUND
<br />S'I'ATiiP9ENT OP INCOMI: A:1D RLTAINED lAFu4INCS
<br />YP:ARS I?ND1,D DECL'I�93ER 31. 1976 ANll 1975
<br />Revenue
<br />Water charges
<br />Other nunicipaliti_es
<br />I�ydrant rental
<br />Investment income
<br />Other income
<br />Total revenue
<br />Expenses
<br />Purchases from City of St. Pau.l $
<br />Salaries
<br />Pensions and insurance
<br />Maintenance and repair
<br />Professional servi.ces
<br />Insurance
<br />Supplies
<br />Utilities
<br />Other
<br />Depreciation - Buildings and
<br />equi.pment
<br />Administrative charges -
<br />General Fund
<br />Total expenses
<br />637,867
<br />73,774
<br />12,778
<br />)0,234
<br />14,373
<br />;.7,C23
<br />15,539
<br />17,187
<br />21,335
<br />39,125
<br />i3>780 `
<br />1976
<br />$ 917,015
<br />98,966
<br />32,454
<br />86,696
<br />2 , 918
<br />$].,133,049
<br />$ 873,015
<br />$ 509,035
<br />86,608
<br />11,983
<br />12,312
<br />8,?.85
<br />4,336
<br />14,307
<br />11,2?.l
<br />9,845
<br />37,782
<br />___ 6,600
<br />1975
<br />$ 767,686
<br />82,435
<br />31,867
<br />80,243
<br />8,810
<br />$ 971,041
<br />� '
<br />i ?12�314 �.';
<br />Net income before deprecia.tion -
<br />Distribution system $ 265,034 _ $ 258,727
<br />Depreciation - Distribution system 78,410 76,241
<br />Net income $ 186,624 S 182,486
<br />Add credit arising from redi.srriUL.tion
<br />of depreciaeion to contriUutions
<br />in aid of construction 78,410 76 i241
<br />Retained earnings, Beginning of year
<br />Transfer to Water Improvement Debt
<br />Service Fund $( 55,000)
<br />Transfer to Secaer Operating Fund ( 95,C00)
<br />Transfer to Permanert Improvement ( 295,000�'
<br />Transfer to Equipment Revolving Fur.d( 3,.00)I.,
<br />Transier from �quipment Revolvi.ng
<br />� Fund 2,425� �
<br />Not transfe�rs ? `
<br />Retained earnings, End of year
<br />See accompanying notes to fin2ncial statements.
<br />$ 265,034
<br />1,597,145
<br />S( 445,675)
<br />S7_.41G,504
<br />$( 55,000)
<br />$ 258,727 ,
<br />1,;93,418 ';
<br />�( 55,000)
<br />51:597�45
<br />
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