|
Approximately 69.3% of the water operating expense, including
<br />depreciation of the distribution system, is for water provided by
<br />the City of St. Paul. Consequently, the water rates are in a
<br />large part determined by the City of St. Faul charges.
<br />Following is a summary of the water operations:
<br />1989
<br />Operating Revenues
<br />User charges $ 2,401,321
<br />Other 4.3�1
<br />Total Operating Revenues
<br />Operating Expenses
<br />Water
<br />City of St. Paul
<br />Depreciation
<br />Other
<br />Total Operating Expenses
<br />Operating income (loss)
<br />Nonoperating revenues
<br />S 2,405,622
<br />$ 1,671,344
<br />188,737
<br />552,717
<br />$ 2,412,798
<br />$ {7,176)
<br />166.005
<br />•:2
<br />$2,632,323
<br />3.714
<br />52.636.037
<br />$1,833,764
<br />190,552
<br />396,684
<br />52,421,000
<br />$ 215,037
<br />123,603
<br />Net Income (loss) � 158,829 S 338,640
<br />The Golf Fund accounts for the operation of one, par-three, nine-
<br />hole golf course. This golf course was purchased in 1967, and
<br />the annual profits from the user charge have been sufficient to
<br />cover all operating costs and the bond principal and interest
<br />payments since the purchase date. Green fees were increased in
<br />1989 to $4.75.
<br />Below is a summary of golf operations:
<br />Operating revenues
<br />Gross profits on
<br />merchandise sold
<br />User charges
<br />Other
<br />Total Operating Revenues
<br />Operating expenses
<br />Personal Service
<br />Depreciation
<br />Other
<br />Total Operating Expense
<br />Operating income
<br />Non-operating revenues
<br />(expenses)
<br />Net Income
<br />12
<br />.;.
<br />$ 7,04fi
<br />178,495
<br />9,299
<br />$ 187,794
<br />$ 95,162
<br />17,463
<br />50,781
<br />S 163,406
<br />$ 31,433
<br />18,743
<br />1988
<br />$ 7,270
<br />162,696
<br />9,869
<br />5 172,565
<br />$ 86,906
<br />15,972
<br />49,035
<br />S 151,912
<br />$ 27,923
<br />15,284
<br />S 5�,176 S 43,207
<br />
|