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<br /> CITY OF ST. ANTHONY SCHEDULE 23
<br /> UTILITY FUND
<br /> STATEMENT OF OPERATIONS AND CHANGES IN RETAINED EARNINGS
<br /> FOR THE YEARS ENDED DECEMBER 31, 1997 AND 1996
<br /> 1997
<br /> ----���-------- - --- 1996
<br /> Water Sewer Totals Totals
<br /> Operating Revenues
<br /> Charges for Services $382,693 $545,885_ M $928,578 `_$920,577
<br /> Operating Expenses
<br /> Personal Services 192,629 94,916 287,545 276,925
<br /> Supplies 17,867 3,907 21,774 26,173
<br /> Contracted Services and Other 112,246 41,654 153,900 191,362
<br /> Filtration and Other Charges 94,240 94,240 92,260
<br /> Treatment Charges 502,404 502,404 452,218
<br /> Depreciation and Amortization 56,518✓ 39,792✓ 96,310 98,547
<br /> Total Operating Expenses 473,500 682,673 1,156,173 1,137,485
<br /> Operating Income (Loss) (90,807) (136,788) (227,595) (216,908)
<br /> Nonoperating Revenues
<br /> Reimbursements 114,232 3,700 117,932 100,117
<br /> Credits and Other 3,318 26,028 29,346 14,748
<br /> VAR
<br /> Investment Income N292,641 7,285 299,926_ 281,258
<br /> Total Nonoperating Revenues 410,191 37,013 447,204 396,123
<br /> Net Income (Loss) $319,384 ($99,775) 219,609 179,215
<br /> ---------- ----------
<br /> 41
<br /> ---------- ----------
<br /> Retained Earnings Beginning of Year 5,285,788 5,037,234
<br /> Redistribution of Depreciation to
<br /> Contributed Capital 68,756 - 69,339
<br /> il
<br /> Retained Earnings End of Year $5,574,153 $5,285,788
<br /> -67-
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