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CITY OF ORONO
<br />GOLF COURSE OPERATING FUND
<br />COMPARATIVE STATEMENT OF REVENUE, EXPENSES, AND
<br />CHANGES
<br />RETAINED EARNINGS
<br />Years Ended December 31,
<br />1985 1984
<br />Sales and Cost of Sales:
<br />$ 13,058 $ 11,528
<br />Sales 7,653 7,676
<br />Cost of sales
<br />5,405 3,852
<br />Gross Profit
<br />Operating Revenue:
<br />61,862 52,589
<br />Green fees
<br />15477 14,057 30
<br />Equipment rental ,
<br />Other 63
<br />Total Operating Revenue 77,402 66,676
<br />Total Gross Profit and Operating Revenue 82,807 70.
<br />Operating Expenses:
<br />Salaries and wages
<br />4
<br />3, 170
<br />Retirement contributions
<br />3,2
<br />,428
<br />18
<br />3,218
<br />Health and life insurance contributions
<br />1,286
<br />1,206
<br />Professional services
<br />1,291
<br />450
<br />Operating and maintenance supplies
<br />5,049
<br />5,992
<br />Heat, light, and power
<br />1,946
<br />2,131
<br />Depreciation
<br />2,818
<br />3,148
<br />Rent, buildings, and equipment
<br />4,312
<br />4,062
<br />Maintenance and repairs
<br />4,609
<br />4,763
<br />Administrative charges from General Fund
<br />795
<br />706
<br />Communications
<br />1,202
<br />1,244
<br />Office supplies
<br />64
<br />64
<br />Printing, publishing, and advertising
<br />2,655
<br />2,161
<br />Insurance
<br />6,488
<br />2,919
<br />Other expenses
<br />484
<br />587
<br />Total Operating Expenses
<br />76,456
<br />68,821
<br />Operating Income
<br />6,351
<br />1,707
<br />Nonoperating Revenue:
<br />Interest earned on investments
<br />2,913
<br />2,342
<br />Net Income Before Charge to Contributed Equity
<br />9,264
<br />4,049
<br />Credit for depreciation on contributed equity
<br />2,220
<br />2,570
<br />NET INCOME TO RETAINED EARNINGS
<br />$ 11,484 $
<br />6,619
<br />Retained earnings - beginning of year
<br />40,772
<br />34,153
<br />Retained Earnings - End of Year
<br />$ 52,256 $
<br />40,772
<br />- 56 -
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