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Honorable Mayor and Members <br /> of the City Council <br /> City of St . Anthony • <br /> June 30, 1983 <br /> Page 4 <br /> Other Matters <br /> The operations of the water and sewer funds incurred losses in <br /> 1982 of approximately $33,000 each. These losses are similar to. <br /> losses incurred in 1981. We suggest that user rates be reviewed <br /> annually to determine the adequacy of income generated since <br /> operating expenses have increased significantly during the past <br /> several years. The rates charged by the City are not intended <br /> to generate sufficient income to recover the depreciation on <br /> contributed assets, but the rates should be sufficient to <br /> generate income to cover other operating expenses. <br /> During our examination, we noted that two resolutions amending <br /> the 1982 budget were not implemented. We recommended to the <br /> City manager that these resolutions be rescinded in 1983 and <br /> understand this has been done. <br /> We appreciated the cooperation extended us by the City's manager <br /> and staff during the engagement . We would be pleased to discuss • <br /> any of the comments further with you at your convenience. <br />