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Following is a summary of the water operations: <br />ra inE Reven�es <br />User Chazges <br />Other <br />Total Operating Revenues <br />Oceratinp„F��¢nces <br />Water Purchased From City of St Paul <br />Depreciation <br />Other <br />Total Operating Expenses <br />Net Ltome (L•oss} <br />$3,418,932 <br />4,102 <br />R3 �,0'i4 <br />$2,715,877 <br />183,977 <br />720.180 <br />�,620.034 <br />f197.0001 <br />��; <br />$2,762,417 <br />207,852 <br />703.522 <br />�3,6'13 791 <br />$�$� � <br />The Golf Course Fund accounts for the operation of one paz-thrce, nine-hole golf course. The <br />golf course was purchased in 1967, and the annual profits from the user charge have been <br />sufficient to cover all operating and capital costs since the purchase date. <br />Gresn fees were incr�ased in 1998 to $8.00 per rour.d. <br />The City's golf operation has recovered fiscally from having the course closed during parts of <br />the past two fiscal years for a reconstniction project . The course was closed early at thv end <br />of the season in 1996 and opened late in 1997 so that a reconstruction of greens, fairways, and <br />tees could be cormpieted. <br />Even though green fees have been increased slightly each year, the course remains very <br />competitive with the othcr metro .acilities. <br />Fol!owing is a summary of golf aperations: <br />�pe,ratine Reven�es <br />Gross Proiits on ivterchandise Sold <br />User Chazges <br />Other <br />Total Operating Revenues <br />12 <br />122Z <br />$ 11,164 <br />217,4i0 <br />4 129 <br />�?37 41 <br />��; <br />$ 16,130 <br />2$0,063 <br />8,822 <br />'�0 O1 <br />