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Below is a summary of golf operations:
<br />19 82
<br />Operating revenue
<br />Gross profits on nerchandise sold $ 7,452
<br />User charges 129,113
<br />Oth e r 9 £39
<br />Total operating revenue
<br />Qperating expense
<br />Personal service
<br />Dep re ci at i on
<br />OUier
<br />Total operating expense
<br />Operating income
<br />$137,554
<br />$ 68,980
<br />4,969
<br />29,898
<br />$103,847
<br />$ 33,707
<br />1981
<br />(Restated)
<br />,�p 7,433
<br />11F3,033
<br />1,063
<br />�5126,529
<br />$ 63,319
<br />4,970
<br />29,343
<br />} 97,632
<br />�5 28,897
<br />Vonoperating revenue (expense) (1,305) (3,3£33)
<br />Net income $ 32,402 $ 25,514
<br />The Ice E\rena Fund accounts for the operation of one ice arena, tiaith a seating
<br />capacity of approzimately 1,950. During 1982, general property taxes in t11e
<br />amount of $34,508 were collected to pay the bond principal and interest, and
<br />$43,147 in property taxes were applied towards the current year's operations.
<br />No property taxes were levied in 1982 for prior year's operating iosses.
<br />Below is a summary of the Ice Arena operations:
<br />Operating revenue
<br />Gross profits on merchandise sold
<br />User charges
<br />Other
<br />Total oper.ating revenue
<br />Operating expense
<br />Personal service
<br />llep re ci at i on
<br />Other
<br />Total operating expense
<br />Operating income(loss)
<br />Nonoperating revenue (e�ense)
<br />Net incotne
<br />_12-
<br />1982
<br />� 11,131
<br />239,382
<br />19,250
<br />$269,763
<br />$143,388
<br />27,557
<br />116,777
<br />5283,2Z2
<br />$(18,459}
<br />101,435
<br />� 82,976
<br />1981
<br />(Restated)
<br />$ 10,515
<br />232,010
<br />19,921
<br />`.p' 262 , 446
<br />;p134,345
<br />27,731
<br />102,361
<br />y264,437
<br />$ (1,991)
<br />115,G2S
<br />$116,637
<br />
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