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The Sanitary Sewer Fund accounts for the operation of the sewer system with
<br />9,1ll customers currently being billed. The City reviews its financial position
<br />and the rate structure armually. Excess fund balances are used to finance
<br />current operations. Rates for 1982, 1983 and 1984 were increased for al1 types
<br />of users to cover increased cost from the Metropolitan Waste Control Commission
<br />(MWCC). Approximately 81% of the sewer operating expenses, excluding depreciation
<br />on the distribution system, are for sewage service provided by the MWCC.
<br />Consequently, the sewer rates are in a large part determined by the M�CC. Sewer
<br />rates are not calculated to generate revenues to offset depreciation on the
<br />distribution system, since these assets were originally financed by speciai
<br />assessments and future replacement of these assets is planned to be financed by
<br />special assessments. The extraordinary item shown below for 1982 resulted from
<br />the gai❑ on the sale of mains and laterals to the MWCC.
<br />Below is a summary of the sanitary sewer operations:
<br />Operating revenues
<br />User charges
<br />Other
<br />Total operating revenues
<br />Operating expenses
<br />Disposal charge - MWCC
<br />Prior year actual cost allocation
<br />Depreciation
<br />Plant and equipment
<br />Distribution system
<br />Other
<br />Tota1 operating expenses
<br />Operating income (loss) -
<br />Nonoperating revenues
<br />Net income (loss) before extraordinary item
<br />Extraordinary item
<br />Net income (loss)
<br />1983
<br />$1,224,631
<br />14,912
<br />$1,239,543
<br />$1,185,231
<br />27
<br />9,981
<br />92,832
<br />268,534
<br />$1,556,605
<br />$( 317,062)
<br />91,412
<br />$( 225,650)
<br />_ - 0-
<br />S( 225,650)
<br />1982
<br />$1,000,664
<br />11,013
<br />$1,011,677
<br />$1,065,218
<br />( 1,300)
<br />12,474
<br />92,134
<br />244,084
<br />$1,412,610
<br />$( 400,933)
<br />119,805
<br />$C 281,128)
<br />1,308,625
<br />51,027,497
<br />The Water Fund accounts for the operation of the water system, with 8,607
<br />customers currently being billed. The City purchased all of the water it uses
<br />from the City of St. Paul. The City reviews its financial position and the rate
<br />structure annually. Excess fund balances are used to finance current operations.
<br />The City did not increase rates for 1983, but rates were increased by 9.0% in
<br />1982 and 9.0% in 1984.
<br />Approximately 71% of the water operating expense, excluding depreciation of the
<br />distribution system, is for water provided by the City of St, pau L Consequently,
<br />the water rates are in a large part determined by the City of St. Pau1 charges.
<br />Water rates are not calculated to generate revenues to offset depreciation on the
<br />distribution system since these assets were originally financed by special
<br />assessment, and future replacement of these assets is planned to be financed by
<br />special assessments. Below is a summary of the water operations:
<br />- 10-
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