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25
<br />Other income and expense
<br />Interest income
<br />CITY OF ST. ANTHONY,
<br />MINNESOTA
<br />$ 15,514
<br />$ 22,845
<br />Miscellaneous income
<br />UTILITY OPERATING FUNDS
<br />278
<br />668
<br />1,651
<br />STATEMENTS OF INCOME
<br />AND EXPENSE
<br />( 7,296)
<br />( 7,137)
<br />YEARS ENDED DECEMBER 31,
<br />1975 AND 1974
<br />Commission adjustment of prior
<br />1975
<br />1974
<br />Water
<br />Sewer
<br />Combined
<br />Combined
<br />Operating revenue
<br />Metropolitan Waste Control
<br />Water sales
<br />$ 138,175
<br />$ 138,175
<br />$ 151,927
<br />Sewer charges
<br />$ 155,018
<br />155,018
<br />108,461
<br />Connection charges
<br />840
<br />$ 72,510
<br />840
<br />1,365
<br />Other
<br />3,811
<br />160
<br />3,971
<br />4,296
<br />Total
<br />142,826
<br />155,178
<br />298,004
<br />$ 266,049
<br />Operating expenses (less
<br />depreciation)
<br />_( 18,773)
<br />43,775)
<br />( 44,828)
<br />Net income
<br />Disposal charges
<br />1---L,652
<br />$ 117,150
<br />$ 117,150
<br />$ 80,083
<br />Personal services
<br />$ 38,021
<br />15,861
<br />53,882
<br />47,199
<br />Contractual services
<br />26,916
<br />3,410
<br />30,326
<br />27,150
<br />Commodities
<br />6,540
<br />2,318
<br />8,858
<br />9,596
<br />Other charges
<br />3,688
<br />2,988
<br />6,676
<br />6,515
<br />Total
<br />75,165
<br />141,727
<br />$ 216,892
<br />170,543
<br />Operating income
<br />67,661
<br />$ 13,451
<br />$ 81,112
<br />95,506
<br />Other income and expense
<br />Interest income
<br />$ 11,755
<br />$ 3,759
<br />$ 15,514
<br />$ 22,845
<br />Miscellaneous income
<br />390
<br />278
<br />668
<br />1,651
<br />Interest expense
<br />( 7,296)
<br />( 7,296)
<br />( 7,137)
<br />Metropolitan Waste Control
<br />Commission adjustment of prior
<br />years charges
<br />12,900
<br />Metropolitan Waste Control
<br />Commission credits
<br />8,778
<br />8,778
<br />8,778
<br />4,849
<br />12,815
<br />$ 17,664
<br />39,037
<br />Income before depreciation
<br />$ 72,510
<br />$ 26,266
<br />$ 98,776
<br />$ 134,543
<br />Less depreciation
<br />On assets acquired with own funds (38,062)
<br />( 2,836)
<br />( 40,898)
<br />( 39,599)
<br />On assets acquired from contri-
<br />butions in aid to construction (25,002)
<br />_( 18,773)
<br />43,775)
<br />( 44,828)
<br />Net income
<br />[6
<br />1---L,652
<br />Disposition of income
<br />Net income
<br />$ 9,446
<br />$ 4,657
<br />$ 14,103
<br />$ 50,116
<br />Add credit arising from transfer
<br />- of depreciation to contributions
<br />in aid to construction account
<br />25,002
<br />18,773
<br />43,775
<br />44,828
<br />i. .
<br />Income transferred to retained
<br />earnings
<br />$ 23
<br />See accompanying notes to financial statements,
<br />
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