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r <br />.,w,.,,. <br />CITY OF ST. ANTHONY <br />COMMENTS <br />Liquor Fund (Continued) <br />Percent <br />Amount <br />of Sales <br />Sales <br />$2,600,925 <br />100.00% <br />Cost of Sales <br />1,588,589 <br />61.08 <br />Gross Profit <br />1,012,336 <br />38.92 <br />Operating Expenses <br />639,645 <br />24.59 <br />Operating Income <br />372,691 <br />14.33 <br />Other Income <br />57,048 <br />2.19 <br />Other Expense <br />(1,830) <br />(.07) <br />Net Income <br />$ 427,909 <br />16.45% <br />Percent <br />of Net <br />Income <br />Transfer to <br />General Fund <br />$ 325,000 <br />75.95%, <br />Equivalent Mill Rate <br />of Transfer <br />7.14% <br />Utility Funds <br />The operations of the <br />City -owned water and sewer systems are recorded in <br />the Water Fund and Sewer Fund, respectively. <br />A condensed summary of <br />operations for the <br />Water and Sewer Funds for 1980 <br />is presented below: <br />Water <br />Sewer <br />Operating Income <br />$ 164,106 <br />$205,569 <br />Operating Expenses <br />193,331 <br />278,376 <br />Operating Income (Loss) 29,225) <br />(72,807) <br />Other Income <br />33,149 <br />17,199 <br />Other Expense <br />(336) <br />(4,308) <br />Net Income (Loss) <br />$ 3,588 <br />($ 59,916) <br />-4- <br />.,w,.,,. <br />