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Street Light Utility Fund The Street Light Utility Fund was established late in 1992 and meant to account for billings to property owners and payment of electrical service charges for subdivision street lights that are required in all new urban subdivisions. During 1997 the City Council approved the installation of additional priority. The amount incorporated into this budget is based on $5.16 per year for each residential property. The associated costs include the cost of operation and maintenance as well as depreciation. It is anticipated that total revenues for 2002 will be approximately $88,442 which includes interest earnings of $4,500. Expenditures are estimated to be at $63,340 which includes depreciation (non-cash) of $14,990. Recycling Utility Fund With the closure of the landfill in 1993, the primary funding source for the curb side recycling program was lost. It is anticipated that total revenues will be approximately $176,105 and include County grants of $42,100 and estimated interest earnings of $500. These revenue projections incorporate a rate of $5.34/quarter that was adopted on December 14, 1999 and charged to residents for the periods of 2000-2002. Expenditures are estimated to be $176,060 and include the costs to administer the curb side recycling program and two clean-up days during 2002. Storm Water Utility Fund It is estimated that total revenues for 2002 will be $334,750. This Fund was created in 2000 to maintain drainage problems throughout the City. Expenditures are estimated to be at $295,498 which includes depreciation (non-cash) of $195,000. This results in a budgeted operating profit of $39,252. It must be noted that this budget represents "operating" expenditures only. The total costs of the storm utility projects are capitalized and expensed yearly under the depreciation line item. Also attached to this case is a resolution amending the 2001 activity. This is primarily a "housekeeping" item and is done on an annual basis. The projections through the end of the year are based on actual activity.