1993 CAFR - Laserfiche WebLink

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JFJINAN(CIIA1L glF,C1rJIDJY (Continued) Enterprise Funds (continued): Sewer and Water Fund (continued): The following is a summary of the operations of the fund for 1993 and 1992, respectively: 1993 1992 Operating Revenues $ 187,087 $ 114,959 Operating Expenses 259,685 208,751 Operating Loss $( 72,598) $( 93,792) Fund Equity consisted of the following on December 31, 1993, compared to the prior year: 1993 1992 Contributed Capital $ 7,785,276 $ 5,697,338 Contributed Capital Reserved For Future Construction 271,976 39,874 Retained Earnings (Deficit) ( 213,354) ( 168,836) Total Fund Equity $ 7,843,898 $ 5,737,212 Street Light Fund: The Street Light Fund is used to account for all street lighting revenues and expenses for the City -owned street lights within subdivisions. The following is a summary of the operations of the fund for 1993 and 1992, respectively: 1993 1992 Operating Revenues $ 7,241 $ 193 Operating Expenses 6.929 1.688 Operating Income (Loss) $ 312 $( 1,495) Fund Equity consisted of the following on December 31, 1993, compared to the prior year: 1993 1992 Contributed Capital $ 43,916 $ 29,880 Retained Earnings (Deficit) ( 49) ( 1,418) Total Fund Equity $ 43,867 $ 28,462 Trust and Agency Funds: Trust and Agency Funds are used to account for assets held by the City in a trustee or agent capacity for individuals, private organizations, other governments, or other funds. The City's trust funds are all classified as expendable trust funds. The trust funds and agency funds are accounted for in essentially the same manner as governmental funds.