As Part Of An Ongoing Digital Archiving Project - Minnesota State ...
As Part Of An Ongoing Digital Archiving Project - Minnesota State ...
As Part Of An Ongoing Digital Archiving Project - Minnesota State ...
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• <strong>Minnesota</strong> <strong>State</strong> Fair <strong>State</strong>ment of Revenue,<br />
Expenses and Changes in Net <strong>As</strong>sets<br />
For the years ended October 31 2008 2007<br />
OPERATING REVENUES<br />
Ticket sales $ 22,897,565 $ 23,480,450<br />
Activities 7,864,190 7,425,972<br />
Other 4,796,757 4,366,885<br />
Total operating revenues $ 35,558,512 $ 35,273,307<br />
OPERATING EXPENSES<br />
Administrative $ 4,207,309 $ 4,157,416<br />
Activities and Support 17,948,575 17,328,644<br />
Premiums 966,820 986,547<br />
Plant Operations 5,014,882 4,298,554<br />
Plant Maintenance 2,589,661 2,718,293<br />
Other 1,701,409 1,481,040<br />
Depreciation 2,349,588 2,205,182<br />
Total operating expenses 34,778,244 33,175,676<br />
Operating income $ 780,268 $ 2,097,631<br />
NON OPERATING REVENUES (EXPENSES)<br />
Interest income $ 194,469 $ 191,869<br />
Grant revenue 411,599 537,806<br />
Interest expense (521,047) (457,898)<br />
Loss on disposal of fixed assets (1,920) (123,603)<br />
Net income 863,369 2,245,805<br />
Total net assets, beginning of year 37,268,926 35,023,121<br />
Net assets, end of year $ 38,132,295 $ 37,268,926<br />
The accompanying notes are an integral part of the financial statements.<br />
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