Annual_Report_1982_001 - Laserfiche WebLink

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The Water [tuid accounts for the operation of the water system, witlt 3,521 customers currently being billed. The City purchases all of the water it uses from the City of St. Paul. The City reviews the rate structure annually. Tlze City did not increase rates for 1983, Uut rates were increased by 9.0% in 1982 and 7.5% in 1981. Approximately 7"so of the water operating expense, excluding depreciation of the distribution system, is for �aater provided by the City of St. Paul. Consequently, the water rates are in a large part determined by the City of St. Paul charges. Water rates are not calculated to generate revenues to of£set depreciation on the distribution system since these assets were originally financed by special assessment, and future replacement of these assets is planned to be financed by special assessments. Below is a summary of the �vater operations: 1982 1981 (Restated) Operating revenue User charges Other Total operating revenue Operating expense ;Nater - City of St. Paul Dep re ci at i on Plant and equipment Distribution system Other Total operating e:cpense Operating income(loss) Vonoperating revenue Income(loss) before operating transfers Operating transfers to other City funds Net income(loss) $1,400,418 6,021 p1,406,439 �1,009,505 57,04.i 86,207 312,380 ;p1,465,155 $ (58,696) i22,740 $ 64,044 (95,000) $ (30,956) :$1,184,357 2,086 $1,186,443 $ 912,735 56,43� 84,760 298,054 �1,351,982 $ (165,539) 148,036 $ (17,�03) (Z5,000) � (42,503) The Golf Fund accounts for the operation of one, par-three, nine-hole golf course. This golf course was purchased in 1967, and the annual profits from tlie user charges have been sufficient to cover all operating costs and Uie bond principal and interest payments since the purch ase date. Green fees were increased in 1982 to $3.50 from $3.25 in 1981. -11-