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Fo� rt 1
<br />CITY OF ROSEVII,L�, MIi�TNE50TA
<br />GOLF AND ICE ARENA FUN➢S
<br />STATEMENTS OF INCOME AND KETAINED EARNINGS
<br />YEARS ENUED DECEMBER 31, 1978 AND 1977
<br />Golf Ice Arenz 1978
<br />Fund . Fund Tota1
<br />INCOME
<br />User fees $ 89,635
<br />Hockey and figure skating classes
<br />Admissions
<br />Concession and merchandise
<br />sales net of cost of goods sold 4,653
<br />Skate sharpEning�
<br />Vending machine commission
<br />Other 991
<br />Total income $ 951279
<br />ESiPENSES
<br />Salaries $ 42,382
<br />Pension and group insurance 3,989
<br />Utilities 3,947
<br />Supplies 9,106
<br />P.epairs and maintenance 1,063
<br />Ineurance 2,100
<br />Professional services 2,070
<br />Depreciation 3,841
<br />Othzr 1,008
<br />Administrative charges - General Fund 5,615
<br />Total expenses $ 75,121
<br />Cperating income $ 20,158
<br />Other income (expense)
<br />General property tax income
<br />InteresC on bonds
<br />idet income (l.oss)
<br />P.etair,ed earnings, January 1
<br />Retained earnings, December 31
<br />( Ss978)
<br />$ 14,180
<br />162,619
<br />$176J99
<br />See accompanying notes�to financial statements.
<br />56
<br />$ 77,023
<br />25,776
<br />50,29!
<br />Sy020
<br />4,740
<br />3,870
<br />6�881
<br />$171,607
<br />$ 91,I42
<br />10,234
<br />66,548
<br />25,267
<br />11,455
<br />7,560
<br />10,614
<br />19,784
<br />I,249
<br />$243,853
<br />S(72,246)
<br />68,28C
<br />(14,007.}
<br />$(17,9G1)
<br />(47,371)
<br />65 332)
<br />$1&1,658
<br />25,776
<br />50,297
<br />I2,673
<br />4,740
<br />3,870
<br />�7,872
<br />$266,836
<br />$I33,524
<br />14,223
<br />70,495
<br />34,373
<br />12,518
<br />9,660
<br />12,684
<br />23,625
<br />2,25�
<br />5,615
<br />$318,974
<br />$C52,088)
<br />68,286
<br />(19,979)
<br />$( 3;781)
<br />115,243
<br />5111 467
<br />1977
<br />Total
<br />$169,325
<br />31;399
<br />53,770
<br />12,975
<br />5,316
<br />3,492
<br />4,91G
<br />$281,187
<br />$132,194
<br />13,638
<br />63,247
<br />36,834
<br />8,521
<br />4,100
<br />4,340
<br />22,879
<br />2,469
<br />5_�
<br />$298,767
<br />$(17,580)
<br />41,258
<br />(ZZ,OOSj
<br />$ 1,673
<br />113,575
<br />7.15 248
<br />
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