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Below is a summary of the sanitary sewer operations:
<br />Operating Revenues
<br />User Charges
<br />Other
<br />Totai Operating
<br />Operating Expenses
<br />Disposal charge -
<br />Depreciation
<br />Other
<br />Revenues
<br />MWCC
<br />1986
<br />S 1,706,517
<br />22,047
<br />S 1.728,564
<br />1,553,612
<br />114,083
<br />295,591
<br />Total Operating Expenses S 1.963,286
<br />Operating Income (loss) 5 (234,722)
<br />Nonoperating Revenues 97.749
<br />Net Income (loss)
<br />S (136,973)
<br />1985
<br />S 1,659,534
<br />48,395
<br />S 1.707,932
<br />1,431,980
<br />106,277
<br />304.298
<br />S 1,842.555
<br />5 t134,623)
<br />115.289
<br />5 ( 19,334)
<br />The Water Fund accounts for the operation of the water system,
<br />with 8,992 customers currently being billed. The City purchased
<br />all of the water it uses from the City of St. Paul. The City
<br />reviews its financial position and the rate structure annually.
<br />Excess fund balances are used to finance current operations. The
<br />City increased rates by 4.7% itt 1985, 6.4% in 1986 and 5% in
<br />1987.
<br />Approximately 73a of the water operating expense, including
<br />depreciation of the distribution system, is for water provided by
<br />the City of St. Paui. Consequently, the water rates are in a
<br />large part determined by the City of St, Paul charges. Water
<br />rates are not calculated to generate revenues to o£fset
<br />depreciation on the distribution system since these assets were
<br />originally financed by special assessment, and future replacement
<br />of these assets is planned to be financed by special assessments.
<br />Following is a summary of the water operations:
<br />Operating Revenues
<br />User charges
<br />Other
<br />�
<br />$ 1,840,265
<br />� ,033
<br />Total Operating Revenues 5 1,841,298
<br />Operating Expenses
<br />Water
<br />City of St. Paul 5 1,400,791
<br />Depreciation 141,370
<br />Other 387,696
<br />Total Operating Expenses S 1.929,857
<br />Operating income (loss) S ( 88,559)
<br />Nonoperating revenues
<br />Net Income (loss)
<br />-11-
<br />94,470
<br />5 5.911
<br />1985
<br />S 1,624,669
<br />4.753
<br />5 1,629,422
<br />S 1,312,976
<br />139,277
<br />355.270
<br />5 1.807,523
<br />5 (178,101)
<br />115.647
<br />S (62,454)
<br />
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