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R
<br />CITY OF ST. ANTHONY,.MINNESOTA
<br />COMBINED STATEMENT OF INCOMEEXPENSES AND CHANGES IN RETAINED EARNINGS
<br />PROPRIETARY FUND TYPES
<br />YEAR ENDED DECEMBER 31, 1978
<br />Total
<br />Liquor
<br />Public Utility Funds
<br />(Memorandum
<br />Fund
<br />Operating
<br />Construction
<br />only)
<br />Sales and cost of sales
<br />Sales
<br />$2,284,541
<br />$2,284,541
<br />Cost of sales
<br />1,379,413
<br />1,379,413
<br />Gross profit
<br />$ 905,128
<br />$ 905,128
<br />Operating income
<br />User charges
<br />$ 349,785
<br />$ 349,785
<br />Connection charges
<br />3,072
<br />3,072
<br />Other
<br />2,478
<br />2,478
<br />Operating income
<br />$ 355,335
<br />$ 355,335
<br />Total gross profit and
<br />operating income
<br />$ 905,128
<br />$ 355,335
<br />$1,260,463
<br />Operating expenses
<br />Personal services
<br />$ 367,936
<br />$ 72,253
<br />$ 440,189
<br />Contractual services
<br />70,265
<br />39,625
<br />109,890
<br />Commodities
<br />26,418
<br />13,917
<br />40,335
<br />Other charges
<br />58,218
<br />29,377
<br />87,595
<br />Disposal charges
<br />162,277
<br />162,277
<br />Depreciation
<br />25,987
<br />76,639
<br />102,626
<br />Operating expenses
<br />$ 548,824
<br />$ 394,088
<br />$ 942,912
<br />Operating income (loss)
<br />$ 356,304
<br />$( 38,753)
<br />$ 317,551.
<br />Other income and (expense)
<br />Interest earned
<br />$ 22,094
<br />$ 4,414
<br />$ 26,508
<br />Commissions
<br />$ 17,840
<br />17,840
<br />Check.cashing income less expense
<br />18,385
<br />18,385
<br />Credits received
<br />8,778
<br />8,778
<br />Refunds received
<br />23,206
<br />23,206
<br />Miscellaneous income
<br />1,969
<br />2,994
<br />4,963
<br />Interest expense
<br />( 2,730)
<br />( 2,730)
<br />Loss on disposal of assets
<br />( 1,107)
<br />( 1,107)
<br />Miscellaneous expense
<br />( 1,825)
<br />( 1,825)
<br />Total other income and
<br />(expense)
<br />$ 36,369
<br />$ 53,235
<br />$ 4,414
<br />$ 94,018
<br />Net income
<br />$ 392,673
<br />$ 14,482
<br />$ 4,414
<br />$ 411,569
<br />Credit from transfer of depreciation
<br />to contributions in aid to
<br />construction
<br />43,775
<br />43,775
<br />Transfer from General Reserve Fund
<br />7,980
<br />7,980
<br />Transfers to General Fund
<br />( 275,000)
<br />( 20,000)
<br />( 295,000)
<br />Retained earnings January 1
<br />614,809
<br />672,959
<br />57,116
<br />1,344,884
<br />Retained earnings December 31
<br />S732,482
<br />S 719.196
<br />S 61,530
<br />S1.513,208
<br />See accompanying notes to financial
<br />statements.
<br />
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