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work to reduce costa as much as posaible to move the water opera-
<br />tions to at least a break-even point during the next 2-3 years.
<br />Following is a summary of the water operations:
<br />1993
<br />Operating Revenues
<br />User charges $ 2,404,107
<br />Other 9,337
<br />Total Operating Revenuea S 2,413,444
<br />Operating Expenses
<br />Water purchased from
<br />City of St. Paul $ 2,257,085
<br />Depreciation 143,304
<br />Other 547,736
<br />Total Operating Expenses S 2,948,125
<br />Operating income (loss) 5 (534,681)
<br />Nonoperating revenuea 23,257
<br />Transfers in (out) (20,000)
<br />Net Income (loss) S (531,424)
<br />1992
<br />$ 2,175,856
<br />24,014
<br />S 2,199,8�0
<br />$ 2,008,026
<br />249,223
<br />613,320
<br />$ 2.870,569
<br />S ( 670,699)
<br />98,700
<br />S ( 571,999)
<br />The Golf Fund accounts for the operation of one, par-three, nine-
<br />hole golf course. The golf course was purchased in 1967, and the
<br />annual profits from the user charge have been sufficient to cover
<br />all operating and capital costs since the purchase date.
<br />Green fees were increased in 1993 to $5.75 per round.
<br />The City's golf operation has continued to be sound financially
<br />during 1993. Even though green fees have been increased slight-
<br />ly each year, the course remains very competitive with the other
<br />' metro facilitiea.
<br />Below is a summary of golf operations:
<br />Operating revenues
<br />Gross pzofita on
<br />merchandise sold
<br />User charges
<br />Other
<br />Total Operating Revenuea
<br />Operating expenses
<br />Peraonal Service
<br />Depreciation
<br />Other
<br />Total Operating Expense
<br />Operating income
<br />Non-operating revenues
<br />(expenses)
<br />Net Income
<br />1993
<br />$ 14,601
<br />234,248
<br />371
<br />S 249,220
<br />$ 127,306
<br />17,001
<br />64,959
<br />S 209.266
<br />$ 39,954
<br />21,547
<br />S 61,501
<br />1992
<br />$ 10,647
<br />237,720
<br />2,880
<br />S 251,247
<br />$ 114,674
<br />31,380
<br />62,078
<br />S 208,132
<br />$ 43,115
<br />22,627
<br />S 65,742
<br />The Ice Arena Fund accounta for the operation of one ice arena,
<br />with a seating capacity of approximately 1,950.
<br />The past operations of the Arena have been slightly under break-
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