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40 <br />CITY OF. ROSEV:CLLF, MIVNESOTA <br />SKI FUND <br />S'LATEMTNT OI' ZNCOME AND RE7'AINED EAR.�.TINGS <br />YEARS ENDED D13CFM$F'R 3I, 19i6 AND 1975 <br />Operating re.venue <br />Tow fees <br />Ski schools <br />Kental. �income <br />Investment income <br />Tot31 operatin� revE:nue <br />Operating expense <br />Salaries <br />R�pairs 2nd mai.ntenance <br />Supplies <br />Uepreciati.on <br />lnsurance � <br />Other <br />Total operating expense <br />Operatino incone (lass) <br />Other income - General property t.axes <br />Net income (loss) <br />Ketaiued earnings, Beginning of year <br />Ketained earni.ngs, £nd of year <br />1.976 <br />$ 2,518 <br />4,030 <br />1,459 <br />187 <br />$ 8,194 <br />$ 8,027 <br />896 <br />2,278 <br />4,714 <br />888 <br />138 <br />$ 16,881 <br />$( 8,687) <br />$( 8,587) <br />23,069 <br />� 14 382 <br />STA'LI'NiGNT OF CHAN�T;S IN CONTRIIiU'TIONS <br />YEAR EtIDh'D DEC&i-IP,�R 31� 1976 � <br />Ealance Januaxy l, <br />Contributi.nn from Permanent Improvemcnt Fund <br />Contribution from Pui��lic Works Fund <br />P,alance DecemUer 31, <br />See accomjianying notes to �Pi.ntmcial statements. <br />$ 38,500 <br />7,000 <br />S�_45 500 <br />1975 <br />$ 3,835 <br />5,031 <br />2,927 <br />80 <br />$ 11,�73 <br />$ 4,825 <br />1,011 <br />985 <br />3,019 <br />850 <br />606 <br />$ 11�2J6 <br />$ 577 <br />5,7`LO <br />$ 6,?_97 <br />16,772 <br />$ 23 Q69 <br />$ 6,500 <br />_32 .000 <br />�3g 500 <br />