Laserfiche WebLink
� <br /> � P,.EGULAR MEETIPIG OF TIiE ORONO COUNCIL, DECEMBF.R 12, 1977 Page 48 <br /> ` Mayor Van Nest moved, Pesek seconded, to discontinue PART-TIME POLICEMEN <br /> � the services of part-time policemen in the City of (Continued) <br /> Orono and to commend Gregroy [9agman and Lyle Day <br /> � for their unselfish assistance. P4otion, Ayes (3) - <br /> Nays (0) , <br /> � , <br /> � P4ayor Van Nest moved, Pesek seconded, to adopt RESOLUTION #860 <br /> Resolution #860 , A Resolution Authorizing The Transfer - Sewer Operat <br /> � Transfer Of Funds From Sewer Operatinc� I'und To <br /> • P. I .R. Fund. Motion, Ayes (3) - Nays (0) . <br /> � Dick Benson, City Adrlinistrator, presented to the GOLF COURSE REPORT <br /> � City Council a report on the golf course operations <br /> which states: <br /> • <br /> Revenue producing operations ended on October 14 <br /> � for the 1977 season. The Balance Sheet and Income <br /> � Staternent for the ten months ended October 31, <br /> 1977, are attached. The Gross Profit for the <br /> � period is $33, 768 and the Operating Expense is <br /> $30 , 913 for a Net Profit of $2, 855. The cash <br /> • deficit has been reduced from ($21 , 100) on <br /> December 31, 1976 , to ($17, 791) at October 31, <br /> � 1977. Because there are certain expenses which <br /> � continue during the non-revenue producing months, <br /> the cash deficit at December 31, 1977, is <br /> � expected to be about ($21, 100) . <br /> � I feel that we may have to increase charges for <br /> green fees and golf cart rentals next year in <br /> � an effort to reduce the continuing cash deficit. <br /> � <br /> . Dick Benson, City Adr.iinistrator, presented the SEWER OPERATING FUND <br /> City Council with a report on the sewer operating REPORT . <br /> � fund, which states: <br /> � Attached please find the quarterly operating <br /> stater.►ents for the Sewer Operating Fund for each <br /> S of the three quarters ended March, June, and <br /> , Septer.lber, respectively, of this year. <br /> � The increase in revenue (and subsequently net <br /> income) can be seen in the second and third <br /> � quarters versus the first quarter. This increase <br /> is due to the rate increase which became effective <br /> � in the second quarter of this year. <br /> � For the year ended Decer,tber 31, 1977, I am <br /> • anticipating an operating net profit of about <br /> $6, 500 before the annual $5, 000 of loan repayment <br /> . to the P. I.R. Fund. After payment of this loan, <br /> there will be about $1,500 of profit. (Continued) <br /> � <br /> � <br /> � <br />