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41
<br />' CITY OF
<br />ST.
<br />ANTHONY,
<br />MINNESOTA
<br />UTILITY
<br />OPERATING FUNDS
<br />F COMBINED STATEMENTS OF INCOME AND EXPENSE
<br />YEARS ENDED
<br />DECEMBER 31
<br />1978 AND 1977
<br />1978
<br />Water
<br />Sewer
<br />Combined
<br />Operating income
<br />r Water sales
<br />$
<br />154,405
<br />$
<br />154,405
<br />Sewer rentals
<br />$ 195,380
<br />195,380
<br />Connection charges
<br />2,940
<br />132
<br />3,072
<br />Other
<br />2,118
<br />360
<br />2,478
<br />Total
<br />$
<br />159,463
<br />$ 195,872 $
<br />355,335
<br />Operating expenses (excluding
<br />depreciation)
<br />Disposal charges
<br />Current period
<br />$ 162,277 $
<br />162,277
<br />Prior period
<br />T 162,277 $
<br />162,277
<br />Personal services
<br />$
<br />47,471
<br />24,782
<br />72,253
<br />Contractual services
<br />33,428
<br />6,197
<br />39,625
<br />Commodities
<br />10,889
<br />3,028
<br />13,917
<br />Other charges
<br />17,353
<br />12,024
<br />29,377
<br />Total
<br />$
<br />109,141
<br />$ 208,308 $
<br />317,449
<br />Operating income (loss)
<br />$
<br />50,322
<br />$( 12,436) $
<br />37,886
<br />Other income and expense
<br />Interest earned
<br />Miscellaneous income
<br />Interest expense
<br />Metropolitan Waste Control
<br />Commission credits
<br />Refund of prior periods' disposal
<br />charges
<br />Loss on disposal of assets
<br />$ 17,834 $ 4,260 $ 22,094
<br />2,068 926 _ 2,994
<br />( 2,730) ( 2,730)
<br />8,778 8,778
<br />23,206
<br />( 1,107)
<br />$ 16;065 T-37,170
<br />Income before depreciation $ 66,387 $ 24,734
<br />Less depreciation
<br />On assets acquired with own funds ( 29,330) ( 3,534)
<br />On assets acquired from contri-
<br />butions in aid to construction 25,002) 18,773)
<br />Net income S 12.05 $ 2.427
<br />Disposition of income
<br />Net income
<br />Add credit arising from transfer
<br />of depreciation to contributions
<br />in aid to construction account
<br />Income transferred to retained
<br />earnings
<br />1977
<br />Combined
<br />$ 160,998
<br />205,724
<br />1,095
<br />1.866
<br />$ 369,683
<br />$ 148,578
<br />8,688
<br />$ 157,266
<br />61,665
<br />61,270
<br />15,588
<br />8,470
<br />$ 304,259
<br />$ 65,424
<br />$ 15,400
<br />1,720
<br />( 4,544)
<br />8,778
<br />23,206
<br />1.107)
<br />$ 53,235 $ 21,354
<br />$ 91,121 $ 86,778
<br />( 32,864)
<br />43,77 )
<br />S 14.482
<br />( 28,203)
<br />43,776)
<br />4 9
<br />$ 12,055 $ 2,427 $ 14,482 $ 14,799
<br />25,002 18,773 43,775 43,776
<br />S 37.057L 21 200 58 257 58 575
<br />. See accompanying notes to financial statements.
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