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27
<br />CITY OF ST. ANTHONY, MINNESOTA
<br />UTILITY OPERATING FUNDS
<br />STATEMENTS OF INCOME AND EXPENSE
<br />YEARS ENDED DECEMBER 31, 1977 AND 1976
<br />See accompanying notes to financial statements.
<br />1977
<br />1976
<br />f
<br />Water
<br />Sewer
<br />Combined
<br />Combined
<br />Operating revenue
<br />Water sales
<br />$ 160,998
<br />$
<br />160,998
<br />$ 190,203
<br />!
<br />Sewer sales
<br />$
<br />205,724
<br />205,724
<br />151,431
<br />Connection charges
<br />945
<br />150
<br />1,095
<br />1,625
<br />Other
<br />1,678
<br />188
<br />1,866
<br />2,204
<br />Total
<br />163,621
<br />$
<br />206,062
<br />$
<br />369,683
<br />$ 345,463
<br />Operating expenses (less
<br />depreciation)
<br />Disposal charges
<br />Current period
<br />$
<br />148,578
<br />$
<br />148,578
<br />$ 121,784
<br />Prior period
<br />8,688
<br />8,688
<br />17,539
<br />$
<br />157,266
<br />$
<br />157,266
<br />$ 139,323
<br />Personal services
<br />$ 41,365
<br />20,300
<br />61,665
<br />59,333
<br />Contractual services
<br />48,789
<br />12,664
<br />61,453
<br />41,163
<br />Commodities
<br />12,235
<br />3,353
<br />15,588
<br />9,671
<br />Other charges
<br />4,996
<br />3,291
<br />8,287
<br />9,308
<br />Total
<br />$ 107,385
<br />$
<br />196,874
<br />$
<br />304,259
<br />$ 258,798
<br />Operating income
<br />$ 56,236
<br />$
<br />9,188
<br />$
<br />65,424
<br />$ 86,665
<br />Other income and expense
<br />Interest income
<br />$ 12,597
<br />$
<br />3,483
<br />$
<br />16,080
<br />$ 15,786
<br />Miscellaneous income
<br />1,040
<br />1,040
<br />1,211
<br />Interest expense
<br />( 4,544)
<br />( 4,544)
<br />( 5,991)
<br />Metropolitan Waste Control
<br />Commission credits
<br />8,778
<br />8,778
<br />8,778
<br />$ 9,093
<br />$
<br />12,261
<br />$
<br />21,354
<br />$ 19,784
<br />Income before depreciation
<br />$ 65,329
<br />$
<br />21,449
<br />$
<br />86,778
<br />$ 106,449
<br />Less depreciation
<br />On assets acquired with own funds
<br />( 25,327)
<br />(
<br />2,876)
<br />( 28,203)
<br />( 18,305)
<br />On assets acquired from contri -
<br />butions in aid to construction
<br />( 25,002)
<br />(
<br />18,774)
<br />( 43,776)
<br />( 43,775)
<br />Net income (loss)
<br />$ 15,000S1(
<br />201)
<br />$ 14,799
<br />$ 44,369
<br />Disposition of income (loss)
<br />Net income (loss)
<br />$ 15,000
<br />$(
<br />201)
<br />$
<br />14,799
<br />$ 44,369
<br />Add credit arising from transfer
<br />of depreciation to contributions
<br />in aid to construction account
<br />25,002
<br />18,774
<br />43,776
<br />43,775
<br />- Income (loss) transferred to retained
<br />earnings
<br />$ 40,002
<br />S 18,573
<br />S 58,575
<br />�`,S $�144
<br />See accompanying notes to financial statements.
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