|
Gnterprise Fwids (Continued)
<br />The Sanitary Sewer Fund accounts for the operation oi the sewer system with
<br />9,072 customers currently being billed. The City reviews the rate structure
<br />annually. There was no overall increase in rates in 1981; but, rates for
<br />1982 and 1983 were increased for all types of users to cover increased cost
<br />from the Metropolitan Waste Contrcl Commission (i14VCC). Approximately 300 of
<br />the sewer operating expense, excluding depreciation on the distribution system,
<br />are for sewage service provided by the D1WCC. Consequently, the sewer rates are
<br />in a large part determined by the NRUCC. Sewer rates are not calculated to
<br />generate -revenues to offset depreciation on the distriUution system, since
<br />these assets were originally financed by special assessments and future
<br />replacement of these assets is planned to be financed by special assessments.
<br />During 1971, the ownership of the sewer interceptors was transferred to the MWCC.
<br />Payment for tlie interceptors is being made by the Commission in the torm of
<br />annual credits of $99,636 against ;uture sewer billings, thru the year 2000.
<br />The extraordinary item shown below resulted from the gain on the sale of mains
<br />and laterals to the T7WCC, as explained in the notes to the financial statements
<br />#15.
<br />The City and a number of other suburbs are currently involved in litigation
<br />attempting to overturn a legislative action by the Dletropolitan Council
<br />seeking to assess charges against the plaintiffs for certain types of waste
<br />water. The City is presently holding $55,537, tivhicli represents the charges
<br />which would be imposed for 1981 and 1952, in the event the litigation is
<br />unsuccessful. The $55,537 potential claim is shown as a liability in the
<br />financial statements.
<br />Below is a summary of the sanitary sewer operations:
<br />Operating revenue
<br />User charges
<br />Other
<br />Total operating revenue
<br />Operating expenses
<br />Disposal charge
<br />Prior year actual cost allocation
<br />Depreciation
<br />Plant and equipment
<br />Distribution system
<br />Ot11er
<br />Total operating expense
<br />Operating income(loss)
<br />Nonoperating revenue
<br />Net income(loss) before extr�ordinary item
<br />Extraordinary item
<br />Net income(loss)
<br />1982
<br />$1,000,664
<br />11,013
<br />$1,O11,677
<br />1,065,218
<br />(1,300)
<br />12,474
<br />92,134
<br />244,0^04
<br />1,412,610
<br />(400,933)
<br />119,805
<br />$ (281,128)
<br />1,303,625
<br />gi,oz�,n9�
<br />1981
<br />(Restated)
<br />$ SSb,569
<br />20,027
<br />$ 876,596
<br />889,970
<br />(11,629)
<br />15 , 316
<br />91,30II
<br />257,024
<br />1,242,489
<br />(365,893)
<br />135,207
<br />(230,6g6)
<br />$ (230,686)
<br />
|