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34
<br />CITY OF KOSEVII�LE, MINNESOTA
<br />WATER OPERATING FUND
<br />STATEP4ENT OF INCOME AND R�TAINED EARNINGS
<br />YEARS ENDED DEC�MBEP 31, 1977 AND 1976
<br />Revenue
<br />Water charges
<br />Other municipalities
<br />tIydrant rental
<br />Investment income
<br />Other income
<br />Total revenue
<br />Expenses
<br />Purchaces from City of St. Paul $ 584,924
<br />Salaries 79,547
<br />Pensions and insuraace 13,960
<br />Maintenance and repair 14,724
<br />Professional servi.ces 9,000
<br />Insurance 9,000
<br />Suppl. ies 2J, ,155
<br />Utilit:ies 20,056
<br />Other 16,167
<br />Depreci_ati.on - Buildings and
<br />equipment 44,797
<br />Administrat�ive charges -
<br />General Fund 14,784
<br />Total expanses
<br />Net income before depreciation -
<br />Distribution system
<br />Depreciation - Distribution system
<br />Net income
<br />Add cre3it arising from
<br />redistribution of depreciation to
<br />cont.ributions in aid oE
<br />constructi_on
<br />Retaiued earnings, Eeginning of year
<br />Transfer to �dater Improvement Debt
<br />Sexvice Fund $( 50,000)
<br />Transfer to Sewer Operating Fund ( 85,000)
<br />Net transfers
<br />Retained earni.ngs, End of year
<br />1977
<br />$ 803,529
<br />104,622
<br />24,286
<br />64,724
<br />2.411
<br />$ 999,572
<br />$ 828,414
<br />$ 171,158
<br />80,533
<br />$ 90,625
<br />80,533
<br />$ ll1,158
<br />1,712,179
<br />$( 135,000)
<br />1 74H.,337
<br />See accornpanying notes to financial statemenL-s.
<br />$ 637,8b7
<br />73,774
<br />12,778
<br />10,234
<br />14,373
<br />17,023
<br />15,539
<br />17,187
<br />21,335
<br />39,125
<br />13,780
<br />$( 55,000)
<br />95 i000)
<br />1976
<br />$ 917,015
<br />98,966
<br />32,454
<br />86,696
<br />2,915
<br />$1,138,049
<br />$ S73,d15
<br />$ 265,034
<br />78,410
<br />$ 186,624
<br />75,410
<br />$ 265,03/F
<br />1,537,1'+5
<br />$( I.SO,U00)
<br />�1,712,1')9
<br />
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