Annual_Report_1984_001 - Laserfiche WebLink

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Below is a summary of golf operations: Operating revenues Gross profits on merchandise sold User charges Other Total Operating Revenues Operating expenses Personal service Depreciation Other Total operating expenses Operating income Nonoperating revenues (expenses) 1984 $ 6,619 131,121 841 $ 138,581 $ 73,985 4,479 34,581 $ 113,045 $ 25,536 1,830 1983 $ 7,249 124,816 758 $ 132,823 $ 67,934 5,108 32,188 $ 105,230 $ 27,593 (523) Net income $ 27,366 $ 27,070 The Ice Arena Fund accounts for the operation of one ice arena, with a seating capacity of approximately 1,950. During 1984, general property taxes in the amount of $26,662 were collected to pay the bond principal and interest, and no property taxes were levied for the current year's operations. Below is a summary of the Ice Arena operations: Operating revenues Gross profits on merchandise sold User charges Other Total operating revenues Operating expenses Personal service Depreciation Other Total operating expenses Operating Income (loss)� 1984 $ 12,327 266,040 20,056 $ 298,423 $ 159,995 28,9i8 114,996 $ 303,969 $( 5,546) 1983 $ 12,469 246,536 17,600 $ 276,605 $ 151,267 28,146 113,380 $ 292,793 $( 16,188) Nonoperating revenues (expenses) 45,394 65,166 Net income $ 39,848 $ 48,978 The Storm llrainage Fund was established in 1984 and accounts for the operation of the storm drainage system. The purpose of this fund is to pay for the development of storm water management plans and storm drainage improvements. The storm drainage rates established for 1984 were not changed for 1985.