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Operating revenues
<br />User charges
<br />Other
<br />Total operating revenues
<br />1983
<br />$1,380,518
<br />2,928
<br />$1,383,446
<br />.
<br />1982
<br />$1,400,418
<br />6,021
<br />$1,406,439
<br />Operating expenses
<br />Water - City of St. Pau1 $1,055,134 $1,009,505
<br />Depreciation
<br />Plant and equipment 55,411 57,043
<br />Distribution system 87,024 86,207
<br />Other 372,804 312,380
<br />Total operating expenses $1,570,373 $1,465,135
<br />Operating income (loss) $( 186,927) $( 58,696)
<br />Nonoperating revenues 94,552 122,740
<br />Income (loss) before operating transfers $( 92,375) $ 64,044
<br />Operating transfers to�(from) other City funds 95,000 ( 95,000)
<br />Net income (loss) $ 2,625 S( 30.956)
<br />The Go1f Fund accounts for the operation of one, par-three, nine-hole golf course.
<br />This golf course was purchased in 1967, and the annual profits from the user
<br />charges have been sufficient to cover all operating costs and the bond principal
<br />and interest payments since the purchase date. Green fees were increased in 1983
<br />to $3.90 from $3.50 in 1982,
<br />Below is a summary of golf operations:
<br />Operating revenues
<br />Gross profits on merchandise sold
<br />User charges
<br />Other
<br />Total operating revenues
<br />. Operating expenses
<br />i Personal service
<br />�� � Depreciation
<br />Other
<br />Total operating expenses
<br />Operating income
<br />Nonoperating revenues (expenses)
<br />Net income
<br />- 11-
<br />1983
<br />$ 7,249
<br />124,816
<br />758
<br />$132,823
<br />$ 67,934
<br />5,108
<br />32,188
<br />$105,230
<br />$ 27,593
<br />( 523)
<br />S 27.070
<br />1982
<br />$ 7,452
<br />129,113
<br />989
<br />$137,554
<br />$ 68,980
<br />4,969
<br />29,898
<br />$103,847
<br />$ 33,707
<br />( 1,305)
<br />S 32.402
<br />
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