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The Golf Fund accounts for the operation of cne, 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 tc
<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 $4.75.
<br />Below is a summary of golf operations:
<br />Operating revenues
<br />Gross profits on
<br />merchandise sold
<br />User charges
<br />Other
<br />Total Operating Revenues
<br />Operating expenses
<br />Personal Service
<br />Depreciation
<br />Other
<br />Total Operating Expense
<br />Operating income
<br />Non-operating revenues
<br />(expenses)
<br />Net Income
<br />1990
<br />$ 6,845
<br />199,589
<br />9.197
<br />$ 215,631
<br />$ 101,118
<br />18,951
<br />49,854
<br />$ i69,923
<br />$ 45,708
<br />23,124
<br />$ 68,832
<br />�
<br />$ 7,046
<br />178,495
<br />9.299
<br />$ 187,794
<br />$ 95,162
<br />17,463
<br />50,781
<br />$ 163,406
<br />$ 31,433
<br />18,743
<br />$ 50,176
<br />The Ice Arena Fund accounts for the operation of one ice arena,
<br />with a seating capacity of approximately 1,950.
<br />Below is a summary of the Ice Arena 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 expenses
<br />1990
<br />$ 3,564
<br />352,586
<br />21,085
<br />$ 377,235
<br />211,500
<br />48,349
<br />140,935
<br />$ 400,784
<br />Operating Income (loss) (23,549)
<br />Nonoperating revenues
<br />(expenses) $ 25,�53
<br />Net Income $ 2,304
<br />FL�•i]
<br />$ 10,882
<br />309,266
<br />48,119
<br />$ 357,385
<br />196,365
<br />45,759
<br />147,018
<br />S 389,142
<br />$ (20,875)
<br />$ 25,138
<br />$ 4,263
<br />The Storm Drainage Fund was established in 1984 and accounts for
<br />13
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