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] <br />] <br />Golf C qltlse Qpfbating Fltvd <br />The City's Golf Course Operating Fund operating profits have remained fairly consistent and have <br />continued to bring the fund's retained earnings balance to a healthy position. <br />Golf Course 1990 1991 1992 1993 1994 1995 <br />Gross profit from sales $ 7,828 <br />Total operating revenue 127,281 <br />Total operating <br />expenses <br />Operating income <br />Nonoperating revenue <br />Nonoperating expenses <br />$ 3,783 $ 5,623 $ 5,750 <br />127,649 142,320 136,620 <br />$ 8,349 S 7,261 <br />169,934 166,673 <br />102.825 107.973 115,814 123,616 130,461 142,170 <br />32,284 <br />1,026 <br />23,459 <br />2,942 <br />(798) <br />32,129 <br />5,854 <br />18,754 <br />4,581 <br />47,822 <br />5,582 <br />(8,774) <br />31,764 <br />8,150 <br />Net income S 33,310 S 25,603 $ 37,983 $ 23,335 $ 44,630 $ 39,914 <br />Depreciation on <br />contributed assets <br />charged to operations S 254 $ 254 $254 $709 <br />Operating income <br />as a percentage of <br />operating revenue 25.4%18.4%22.6%13.7%28.1%19.1% <br />Statewide average *4.3% 6.1%3.7%3.5% 5.4%N/A <br />* Per report of the State Auditor on Revenue, Expendimres, and Debt of Minnesota Cities over <br />2,500 in population. <br />-12- <br />s-i