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Below is a summary of the off-sale liquor operation:
<br />Sales
<br />Cost of Sales
<br />Gross Profit
<br />Total Operating Expense
<br />Operating Income (loss)
<br />Nonoperating Revenue
<br />Income (loss) before
<br />operating transfers
<br />Operating transfers to
<br />other City funds
<br />Net income (loss)
<br />1984
<br />$ 331,604
<br />264,714
<br />$ 66,890
<br />$ 97,989
<br />$ (31,099)
<br />21,307
<br />$ ( 9,792)
<br />(89,720)
<br />$( 99,512)
<br />1983
<br />$ 585,547
<br />443,718
<br />$ 141,829
<br />$ 110,119
<br />$ 31,710
<br />20,189
<br />$ 51,899
<br />-0-
<br />$ 51,899
<br />The Sanitary Sewer Fund accounts for the operation of the sewer system with 9,149
<br />customers currently being billed. The City reviews its financial position and the
<br />rate structure annually. Excess fund balances are used to finance current
<br />operations. Rates for 1983, 1984 and 1985 were increased for all types of users
<br />to cover increased cost from the Metropolitan Waste Control Commission (MWCC).
<br />Approximately 76; of the sewer operating expenses, including depreciation on the
<br />distribution system, are for sewage service provided by the MWCC. Consequently,
<br />the sewer rates are in a large part determined by the MWCC. Sewer rates are not
<br />calculated to generate revenues to offset depreciation on the distribution system,
<br />since these assets were originally financed by special assessments and future
<br />replacement of these assets is planned to be financed by special assessments.
<br />Below is a summary of the sanitary sewer operations:
<br />1984
<br />Operating Revenues
<br />User charges $1,430,335
<br />Other 14,745
<br />Total Operating Revenues
<br />Operating Expenses
<br />Disposal charge - MWCC
<br />Depreciation -
<br />Other
<br />Total Operating Expenses
<br />Operating Income iloss)
<br />Nonoperating Revenues
<br />Net Income (loss)
<br />$1,445,080
<br />$1,189,180
<br />103,327
<br />276,432
<br />$1,568,939
<br />$( 123,859)
<br />106,434
<br />$( 17,425)
<br />1983
<br />$1,224,631
<br />14,912
<br />$1,239,543
<br />$1,185,258
<br />102,813
<br />268,534
<br />$1,556,605
<br />$( 317,062)
<br />91,412
<br />$( 225,650)
<br />
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