Laserfiche WebLink
r <br />PUBLIC UTILITY FUNDS (CONTINUED) <br />A condensed summary of operations for the Water and Sewer <br />Operating <br />Funds for the <br />last three years is presented below: <br />f <br />1978 <br />1977 <br />1976 <br />Water Operating Fund <br />Operating income <br />$ 159,463 <br />$ 163,621 <br />$ 193,732 <br />Operating expenses (excluding depreciation) <br />(109,141) <br />(107,385) <br />( 88,342) <br />Other income and (expense) <br />16,065 <br />9,093 <br />6,878 <br />Income before depreciation <br />$ 66,387 <br />$ 65,329 <br />$ 112,268 <br />Depreciation (non -contributed <br />assets only) <br />29,330) <br />( 25,327) <br />( 16,249) <br />Net income <br />$ 37.057 <br />$ 40.002 <br />S 96,019 <br />Sewer Operatin£ Fund <br />Operating income $ 195,872 $ 206,062 $ 151,731 <br />Operating expenses (excluding depreciation) (208,308) (196,874) (170,456) <br />Other income and (expense) 37,170 12,261 12,906 <br />Income (loss) before depreciation $ 24,734 $ 21,449 $( 5,819) <br />Depreciation (non -contributed <br />assets only) 3,534) ( 2,876) 2,056) <br />Net income (loss) $ 21.200 1=18=e:=573 $( 7,875) <br />Operating expenses for 1978 include disposal charges of $162,277 as compared with <br />$157,266 and $139,323 in 1977 and 1976 respectively. <br />Water Construction Fund - Proceeds from the issuance of Water Revenue Bonds of 1961 <br />and 1963 were received in this fund and used to finance the cost of various water <br />improvements. A balance of $61,530 at December 31, 1978 is available for future <br />construction. <br />U <br />