Annual_Report_1986_001 - Laserfiche WebLink

Home

The Golf Fund accounts for the operation of one, par-three, nine- hole golf course. This golf course was purchased in 1967, and the annual profits from the user charge have been sufficient to cover all operating costs and the bond principal and interest payments since the purchase date. Green fees were increased in 1987 to 54.50 from 54.25 in 1985, 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 Non-operating revenues (expenses) Net Income � S 7,318 149 ,128 6.533 S 162,979 5 73,440 10 , 689 38,260 S 122,589 5 40,390 4.784 S 45,174 1985 S 7,228 149,839 991 5 158,058 5 68,078 4,760 35,215 5 108,053 5 50,005 3.879 S 53,884 The Ice Arena Fund accounts for the operation of one ice arena, with a seating capacity o£ approximately 1,950. During 1986, general property taxes in the amount o£ S24,272 were collected to pay the bond principal and interest, and no property taxes were levied for the current year's operations. Be1ow is a summary o£ 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) Nonoperating revenues (expenses} Net Income � 5 10,725 276,773 5.365 S 292,863 182,886 31,105 136,128 $ 350,119 5 (57,256) S 38,142 5 (19,114) -12- 1985 5 15,004 249,325 17.136 S 281.465 170,772 29,974 122,102 S 322,848 5( 41,383) S 41 , 519 5 136