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Show Total operating expenses before depreciation 56,952 Depreciation 1 0,680 Total operating expenses 67,632 Operating income, 5,513 Add non-operating Federal grant 1 0, 568 Net income before extraordinary item 16,081 Extraordinary item - net recovery on fraud loss (Note 6) 1 1 ,256 Net income $ 27,337 See notes to financial statements s CITY OF MILFORD SEWER AND GARBAGE FUND STATEMENT OF REVENUE AND EXPENSE For the Year Ended June 30. 1978 Operating revenues: Sewer and garbage fees $ 15,2 Sewer connection fees . 2,260 Interest income ' 1 73 Total operating revenue $ 17,857 Operating expenses before depreciation: Salaries and wages 17,26 Fringe benefits k, 7hS Operating supplies and maintenance 3,979 Power and pumping 1,17 Bad debts and miscellaneous expense 1 32 Total operating expenses before depreciation 27,700 Depreciation 8,03 Total operating expenses ' 35 1 73 Operating income (loss) (17,877) Add non-operating Federal grant 10,568 Net income (loss) before extraordinary item (7,309) Extraordinary item - net recovery on fraud loss (Note 6) 2,817 ( Net income (loss) $ (A ,92) See notes to financial statements CITY OF MILFORD ' AIRPORT FUND I STATEMENT OF REVENUE AND EXPENSE ; . For the Year Ended June 30, 1978 Operating revenues: Gasoline sales (net of tax refunds and payments) $ 30,290 Less: Cost of gasoline sold: Gasoline purchases $ 22,67 j j. Manager's commission U ,020 ' Total cost of gasoline sold 26 ,87 j Gross margin 3,803 Hangar rentals 1 ,26A Interest income 23 Total operating revenues 5,90 Operating expenses before depreciation: Salaries and wages 1,380 Fringe benefits 858 Maintenance and supplies 661 Insurance 925 Electricity 1,239 Telephone 227 Total operating expenses before depreciation 5,290 Depreciation ' 6 1 A Total operating expenses 5,90 Operating income (loss) (10 Add non-operating County grant 725 Net income $ 3 1 1 See notes to financial statements CITY OF MILFORD TELEVISION BOARD TRUST FUND STATEMENT OF REVENUES AND EXPENDITURES For the Year Ended June 30, 1 978 Revenues: Television license $ 5,085 Beaver County grant 80 Total revenue 5,565 Expend i tures : Operating supplies and maintenance 915 Electricity 1,29 Technical services 1,620 Insurance yl Total expenditures " 3 88 Excess (deficiency) of revenues over expenditures $ m 577 See notes to financial statements CITY OF MILFORD REVENUE SHARING TRUST FUND STATEMENT OF REVENUES AND EXPENDITURES For the Year Ended June 30. 1978 Revenue - entitlement payments $ 9,833 Expenditures - transfer to General Fund 12,72 Excess (deficiency) of revenues over expenditures $ ( 2 .909) "Vs' r' Published in the Beaver County Nevs December 14, 1978. |