Annual_Report_1987_001 - Laserfiche WebLink

Home

Operating Revenues User Charges Other Total Operating Operating Expenses Disposal charge - Depreciation Other Revenues MWCC Total Operating Expenses Operating Income (loss) Nonoperating Revenues Net Income (lossj 1987 $ 1,884,818 2,667 S 1 887,485 1,467,778 119,928 302,770 S 1 890 476 $ (2,991) �02,896 $ 99,905 •:. $ 1,706,517 22,047 �1 728 564 1,553,612 114,083 295,591 $ 1 963 286 $ (234,722) 97.749 S (136,973) The Water Fund accounts for the operation of the water system, with 8,995 customers currently being billed. The City purchased all of the water it uses from the City of St. Paul. The City reviews its financial position and the rate structure annually. Excess fund balances are used to finance current operations. The City increased rates by 4.7� in 1985, 6.4� in 1986 and 5� in 1987. Approximately 74� of the water operating expense, including depreciation of the distribution system, is for water provided by the City of St. Paul. Consequently, the water rates are in a large part determined by the City of St. Paul charges. Water rates are not calculated to generate revenues to offset depreciation on the distribution system since these originally financed by special assessment, and future of these assets is planned to be financed by special Following is a summary of the water operations: Operating Revenues User charges Other 1987 $ 2,066,950 5.244 Total Operating Revenues S 2 072,194 Operating Expenses Water City of St. Paul $ 1,686,891 Depreciation 140,361 Other 452.679 Total Operating Expenses � 2 279 931 Operating income (loss) $ (207,737) Nonoperating revenues 97.798 assets were replacement assessments. �� $ 1,840,265 1,033 S 1 841.298 $ 1,400,791 141,370 387,696 g 1,929,857 $ ( 88,559) 94,470 Net Income (loss) �_(109.939) S 5,911 11