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r <br />CITY OF ST. ANTHONY <br />COMMENTS <br />Liquor Fund (Continued) <br />1981 <br />1980 <br />Percent <br />Percent <br />Amount <br />of Sales Amount <br />of Sales <br />Sales <br />$2,687,405 <br />100.00% <br />$2,600,925 <br />100.00% <br />Cost of Sales <br />1,633,200 <br />60.77 <br />1,588,589 <br />61.08 <br />Gross Profit <br />1,054,205 <br />39.23 <br />1,012,336 <br />38.92 <br />Operating Expenses <br />654,718 <br />24.36 <br />639,645 <br />24.59 <br />Operating Income <br />399,487 <br />14.87 <br />372,691 <br />14.33 <br />Other Income <br />79,337 <br />2.95 <br />57,048 <br />2.19 <br />Other Expense <br />(974) (.04) <br />(1,830) (.07) <br />Net Income <br />$ 477,850 <br />17.78% <br />$ 427,909 <br />16.45% <br />Percent <br />Percent <br />of Net <br />of Net <br />Income <br />Income <br />Transfer to <br />General Fund <br />$ 375,000 <br />78.48% <br />$ 325,000 <br />75.95% <br />Equivalent Mill Rate <br />of Transfer <br />7.39 <br />7.14 <br />Utility Funds <br />The operations of the <br />City -owned water and sewer systems are <br />recorded in <br />the Water Fund and Sewer Fund, respectively. <br />A condensed summary of <br />operations for <br />the Water <br />and Sewer Funds for 1981 <br />and 1980 is presented below: <br />Water Fund <br />Sewer Fund <br />1981 <br />1980 <br />1981 <br />1980 <br />Operating Income <br />$147,443 <br />$164,106 <br />$292,337 $205,569 <br />Operating Expenses <br />220,680 <br />193,331 <br />322,451 <br />278,376 <br />Operating Loss <br />(73,237) <br />29,225) <br />(30,114) <br />(72,807) <br />Other Income <br />36,574 <br />33,149 <br />13,775 <br />17,199 <br />Other Expense <br />(465) <br />(336) <br />(12,725) <br />(4,308) <br />Net Income (Loss) <br />($ 37,128) <br />$ 3,588 <br />($ 29,064) ($ <br />59,916) <br />-4- <br />