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Operating Revenues
<br />User charges
<br />Other
<br />Total operating revenues
<br />, Operating Expenses
<br />, Water - Gity of St. Paul
<br />' Depreciation
<br />Other
<br />Total operating expenses
<br />Operating income (loss)
<br />Nonoperating revenues
<br />Net Income (loss)
<br />fL•I:}7
<br />$1,624,669
<br />4,753
<br />$1,629,422
<br />$1,312,976
<br />139,277
<br />355,270
<br />$1,807,523
<br />$ (178,101)
<br />115,647
<br />$ (62,454)
<br />1984
<br />$1,540,749
<br />4,920
<br />$1,545,669
<br />$1,173,051
<br />141,512
<br />397,339
<br />$1,711,902
<br />$( 166,233)
<br />128,845
<br />$( 37,388)
<br />The Golf Fund accounts for the operation of one, par-three, nine-hole golf
<br />course. This golf course was purchased in 1967, and the annual profits from the
<br />user charges have been sufficient to cover all operating costs and the bond
<br />principal and interest payments since the purchase date. Green fees were
<br />increased in 1985 to $4.25 from $4.00 in 1984.
<br />Below is a summary of golf operations:
<br />Operating revenues
<br />Gross profits on
<br />merchandise sold
<br />User charges
<br />Other
<br />Total Operating Revenues
<br />Operating expenses
<br />Personal service
<br />Depreciation
<br />Other
<br />Total operating expenses
<br />Operating income
<br />Nonoperating revenues (expenses)
<br />Net income
<br />1985
<br />$ 7,228
<br />149,839
<br />991
<br />158,058
<br />$ 68,078
<br />4,760
<br />35,215
<br />$ 108,053
<br />$ 50,005
<br />3,879
<br />$ 53,884
<br />iL•I:i9
<br />$ 6,619
<br />131,121
<br />841
<br />$ 138,581
<br />$ 73,985
<br />4,479
<br />34,581
<br />$ 113,045
<br />$ 25,536
<br />1,830
<br />$ 27,366
<br />The Ice Arena Fund accounts for the operation of one ice arena, with a seating
<br />capacity of approximately 1,950. During 1985, general property taxes in the
<br />amount o£ $24,302 were collected to pay the bond principal and interest, and no
<br />property taxes were levied for the current year's operations.
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