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CITY OF ST. ANTHONY '
<br /> UTILITY FUND
<br /> STATEMENT OF_OPERATIONS AND CHANGES IN RETAINED EARNINGS
<br /> FOR THE YEARS ENDED DECEMBER 31 , 1999 AND 1998 '
<br /> 1999
<br /> -----------------------------------------------
<br /> Operations
<br /> ----------------------------------- Water
<br /> Water Sewer Total Filtration ,
<br /> Operating Revenues
<br /> Charges for Services --$450,547- --$673,346- $1 , 123,893- ,
<br /> Operating Expenses
<br /> Personal Services 150,527 100,462 250,989 $31 ,618 '
<br /> Supplies 19,253 4,762 24,015 2,752
<br /> Contracted Services and Other 139,091 33, 195 172,286 84, 136
<br /> Filtration ' Charges 76,800 ,
<br /> Treatment Charges 433,037 433,037
<br /> Depreciation 64,032 33,712 97,744
<br /> ----------- ---------=- ----------- -----------
<br /> Total Operating Expenses 372,903 605, 168 978,071 195,306 '
<br /> ----------- ----------- ----------- -----------
<br /> Operating Income (Loss) 77,644 68, 178 145,822 (195,306)
<br /> ----------- ----------- ----------- -----------
<br /> Nonoperating Revenues '
<br /> Grant Reimbursements 177,975
<br /> Credits and Other 9,729 10,948 20,677 3, 128
<br /> Investment Income 15,092 7,545 22,637 330,805 '
<br /> Net Change in Fair Value of
<br /> Investments ( 17,400) (10,000) (27,400) (383,740)
<br /> ----------- ----------- ----------- -----------
<br /> Total Nonoperating Revenues 7,421 8,493 15,914 128,168
<br /> ----------- ----------- ----------- -----------
<br /> Net Income (Loss) ---$85,065- ---$76,671_ --$161 ,736_ --($67, 138) '
<br /> Retained Earnings Beginning of Year
<br /> Redistribution of Depreciation to ,
<br /> Contributed Capital
<br /> Retained Earnings End of Year
<br /> -70-
<br />
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