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26 <br />CITY OF ST. ANTRONY, MINNESOTA <br />UTILITY OPERATING FUNDS <br />Water Fund Sewer Fund <br />Retained Retained <br />Earnings Contributions Earnings Contributions <br />Balance January 1, 1977 $ 493,176 $ 820,178 $ 136,208 $ 582,457 <br />Income (loss) for year 40,002 18,573 <br />Transfer to General Fund ( 7,500) ( 7,500) <br />Depreciation transferred to <br />contributions in aid to <br />construction 25,002) ( 18,774) <br />Balance December 31, 1977 $525 678 S 79.5.176 S 147.281 S 563 68 <br />See accompanying notes to financial statements. <br />