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22
<br />CITY OF ST. ANTHONY, MINNESOTA
<br />UTILITY OPERATING FUNDS
<br />STATEMENT OF CHANGES IN FINANCIAL POSITION
<br />YEARS ENDED DECEMBER 31, 1974 AND 1973
<br />APPLICATION OF FUNDS
<br />Transfer to General Fund
<br />$ 3,000
<br />1974
<br />$ 5,000
<br />1973
<br />5,000
<br />Water
<br />Sewer
<br />Combined
<br />Combined
<br />SOURCE OF FUNDS
<br />25,252
<br />Increase in long-term receivable
<br />13,846
<br />Operations
<br />Reduction of long-term debt
<br />45,000
<br />Net income
<br />$ 64,116
<br />$ 30,828
<br />$ 94,944
<br />$ 67,055
<br />Depreciation
<br />36,513
<br />3,086
<br />39,599
<br />38,328
<br />Increase in meter deposits
<br />2,051
<br />2,051
<br />2,851
<br />Reduction of long-term receivable
<br />Cor,tcS.S<:'ion - Current value
<br />5,263
<br />Decrease in working capital
<br />21,296
<br />_
<br />_ 21,296
<br />_
<br />5,262
<br />$ 123,976
<br />$ 33,914
<br />41157,890
<br />$ 113,499
<br />APPLICATION OF FUNDS
<br />Transfer to General Fund
<br />$ 3,000
<br />$ 2,000
<br />$ 5,000
<br />$
<br />5,000
<br />Purchase of property and equipment
<br />7.5,976
<br />5,972
<br />81,948
<br />25,252
<br />Increase in long-term receivable
<br />13,846
<br />13,846
<br />Reduction of long-term debt
<br />45,000
<br />45,000
<br />45,000
<br />Reduction of Reserve for
<br />1• le.t:.-opo:li.tan Waste Control
<br />Cor,tcS.S<:'ion - Current value
<br />credii
<br />5,267.
<br />5,262
<br />5,262
<br />Increase 5n working capital.
<br />_
<br />6. r, t
<br />6:834_
<br />32 "85
<br />12_3 y7t
<br />_
<br />S 33_914
<br />S 5 ,890
<br />11499
<br />Various elements of net increase
<br />(decrease) in working capital
<br />Cash
<br />$(125,380)
<br />$( 22,951)
<br />$(148,331)
<br />$
<br />28,909
<br />Investments
<br />111,500
<br />30,000
<br />141,500
<br />7,00(,
<br />Cash with paying agent
<br />( 390)
<br />( 390)
<br />(
<br />390`
<br />Accounts receivable
<br />1,127
<br />857
<br />1,984
<br />3,079
<br />Accrued interest receivable
<br />( 301)
<br />( 39)
<br />( 340)
<br />(
<br />573;:
<br />Prepaid insurance
<br />97
<br />146
<br />243
<br />(
<br />89;
<br />Inventories
<br />( 75)
<br />( 75)
<br />(
<br />5461:
<br />Accounts payable
<br />( 6,679)
<br />581
<br />( 6,098)
<br />(
<br />1,48::
<br />Bonds and interest payable
<br />390
<br />390
<br />390
<br />Accrued payables
<br />( 785)
<br />( 230)
<br />( 1,015)
<br />55•'
<br />Due to Metropolitan Waste
<br />Control Commission
<br />( 730)
<br />( 730)
<br />(
<br />2,76:_
<br />Due to General Fund
<br />( 800)
<br />( 800)
<br />( 1,600)
<br />(
<br />1,10";
<br />$( 21,296)6,834
<br />$ 1( 4 462)
<br />S 32.,985
<br />See accompanying notes to financial statements.
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