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Operating Revenues
<br />User Charges
<br />Other
<br />Total Operating
<br />Operating Expenses
<br />Disposal charge -
<br />Depreciation
<br />Other
<br />Revenues
<br />MWCC
<br />Total Operating Expenses
<br />Operating Income (loss)
<br />Nonoperating Revenues
<br />Net Income (loss)
<br />1987
<br />$ 1,884,818
<br />2,667
<br />S 1,887,485
<br />1,467,778
<br />119,928
<br />302.770
<br />S 1,890,476
<br />$ (2,991)
<br />102.896
<br />S 99,905
<br />�
<br />$ 1,706,517
<br />22.047
<br />� 1,728,564
<br />1,553,612
<br />114,083
<br />295,591
<br />S 1,963,286
<br />$ (234,722)
<br />97.749
<br />$ (136.473)
<br />The Water Fund accounts for the operation of the water system,
<br />with 8,995 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� in 1985, 6.4� in 1986 and Sg in
<br />1987.
<br />Approximately 74� of the water operating expense, including
<br />depreciation of the distribution system, is for water provided by
<br />the City of St. Paul. Conseguently, 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 offset
<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 />1987
<br />$ 2,066,950
<br />5.244
<br />Total Operating Revenues S 2.072,194
<br />Operating Expenses
<br />Water
<br />City of St. Paul $ 1,686,891
<br />Depreciation 140,361
<br />Other 452.679
<br />Total Operating Expenses S 2.279,931
<br />Operating income (loss) $ (207,737)
<br />Nonoperating revenues
<br />97.798
<br />•:.
<br />$ 1,840,265
<br />1.033
<br />$ 1,841.298
<br />$ 1,400,791
<br />141,370
<br />387,696
<br />S 1.929.857
<br />$ ( 88,559)
<br />94,470
<br />Net Income (loss) S (109,939) S 5,911
<br />11
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