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CITY OF ST. ANTHONY <br />COMMENTS <br />Liquor Fund (Continued) <br />Utility Funds <br />The operations of the City—owned water and sewer systems are recorded in <br />the Water Fund and Sewer Fund, respectively. <br />A condensed summary of operations of the Water and Sewer Funds for 1982 <br />and 1981 is presented below: <br />1982 <br />Fund <br />1981 <br />Fund <br />1982 <br />Percent <br />1982 <br />Percent <br />Operating Income <br />Amount <br />of Sales <br />Amount <br />of Sales <br />Sales <br />$2,472,619 <br />100.00% <br />$2,687,405 <br />100.00% <br />Cost of Sales <br />1,508,073 <br />60.99 <br />1,633,200 <br />60.77 <br />Gross Profit <br />964,546 <br />39.01 <br />13054,205 <br />39.23 <br />Operating Expenses <br />632,325 <br />25.57 <br />654,718 <br />24.36 <br />Operating Income <br />332,221 <br />13.44 <br />399,487 <br />14.87 <br />Other Income <br />109,502 <br />4.43 <br />79,337 <br />2.95 <br />Other Expense <br />(1,807) <br />(.08) <br />(974) <br />(.04) <br />Net Income <br />$ 439,916 <br />17.79% <br />S_477,850 <br />17.78% <br />Percent <br />Percent <br />of Net <br />of Net <br />Income <br />Income <br />Transfer to <br />General Fund <br />$ 365,000 <br />82.97% <br />$ 375,000 <br />78.48% <br />Equivalent Mill Rate <br />of Transfer <br />6.47 <br />7.39 <br />Utility Funds <br />The operations of the City—owned water and sewer systems are recorded in <br />the Water Fund and Sewer Fund, respectively. <br />A condensed summary of operations of the Water and Sewer Funds for 1982 <br />and 1981 is presented below: <br />Agency Fund <br />The Agency Fund accounts for assets held by the City as trustee for other <br />organizations. The fund is custodial in nature and does not involve measurement of <br />results of operations. <br />'Sin <br />Water <br />Fund <br />Sewer <br />Fund <br />1982 <br />1981 <br />1982 <br />1981 <br />Operating Income <br />$182,630 <br />$147,443 <br />$309,041 <br />$292,337 <br />Operating Expenses <br />251,869 <br />220,680 <br />373,668 <br />322,451 <br />Operating Loss <br />69,239) <br />T73,237) <br />64,627) <br />30,114) <br />Other Income <br />35,506 <br />36,574 <br />46,311 <br />13,775 <br />Other Expense <br />(452) <br />(465) <br />(14,340) <br />(12,725) <br />Net Loss <br />($ 34,185) <br />($ 37,128) <br />($ 32,656) <br />($ 29,064) <br />Agency Fund <br />The Agency Fund accounts for assets held by the City as trustee for other <br />organizations. The fund is custodial in nature and does not involve measurement of <br />results of operations. <br />'Sin <br />