Minneapolis Water Works Has Operating Profit

Issue 1 and Volume 71.

Minneapolis Water Works Has Operating Profit A report by W. R. Young, registrar of Minneapolis, Mnn., water works, shows that the department has had an operating profit of $2,730,405.28 for the ten-year period ended December 1, 1920. The operating revenue during this period was $5,764,834 and expenses, $3,034,428.72. Revenue from assessments for the laying of water mains aggregated $1,385,801.33 and other collections amounted to $1,247,310. Of the collections item about $1,200,000 were the proceeds of bond issues. During the 10-year period $3,485,871.29 was expended for laying water mains; $1,398,807.87 for construction at the filtration plant and $247,642.39 for other construction. In other words, not only have the operating expenses of the plant during the past ten years been paid for by the department’s revenue but also $4,000,000 worth of construction have been covered. The water committee of the city council is working on the 1922 program of construction. This will…

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