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36 <br />CITY Or ROSEVILLE, MINNESO'LA <br />GOLF FUND <br />STATErff NT OP INCOP� ANU RETAZNED EARNINGS <br />YEARS L'NDEll DECF.MBER 31 1977 AATD 1976 <br />1977 <br />Operating Revemie � <br />Green fees and rental fees <br />Concession and merchandise sales $ 13,905 <br />Less cost of goods sold 8,335 <br />Other income <br />Total operating revenue <br />Operating expense <br />Salaries ;'$ 40,238 <br />Pension and group insurance <br />benefits 3,825 <br />Utilities 4,085 <br />Supplies 6,919 <br />Fepairs and mainCenance 2,148 <br />In,urance 2,900 <br />Depreciation 5,022 <br />Professional services 2,020 <br />Other 665 <br />Administrative charge - General <br />Fund 5,245 <br />Tot:al operating expenses <br />Operating income <br />Interest expense on bonds <br />Net income <br />ReCained earni.ngs, beginning oF year <br />Retained earnings, end of year <br />See accompanying note, to financial statements. <br />$ °5,408 <br />5,570 <br />1,423 <br />$102,401 <br />73,067 <br />$ 7.9,334 <br />6,900 <br />$ 22,¢34 <br />140,185 <br />5162 619 <br />$ 14,527 <br />8,479 <br />$ 33,698 <br />3,355 <br />3,5+0 <br />6,527 <br />1,289 <br />6,217 <br />6,495 <br />1,650 <br />5,757 <br />4,434 <br />1976 <br />$ 89,359 <br />6,048 <br />504 <br />$ 95,911 <br />72,992 <br />$ 22,919 <br />7,500 <br />$ 15,419 <br />124 z765 <br />5140 1P5 <br />