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Fund Equity consisted of the following on December 31, 2001, compared to the prior year: <br />2001 2000 <br />Contributed capital $ 8,584,265 $ 8,381,001 <br />Contributed capital reserved <br />for future construction 737,971 645,308 <br />Retained earnings 257,900 18,014 <br />Total fund equity $ 9,580,136 $ 9,044,323 <br />Street Light Fund <br />The Street Light Fund is used to account for all street lighting revenues and expenses for the City -owned <br />street lights within subdivisions. <br />The following is a summary of the operations of the fund for 2001 and 2000, respectively: <br />2001 2000 <br />Operating revenues <br />Operating expenses <br />$ 80,455 $ 79,661 <br />54,022 47,583 <br />Operating income $ 26,433 $ 32,078 <br />Fund Equity consisted of the following on December 31, 2001 compared to the prior year: <br />2001 2000 <br />Contributed capital $ 150,183 $ 129,383 <br />Retained earnings 250,712 218,493 <br />Total fund equity $ 400,895 $ 347,876 <br />Recycling Utility Fund <br />The Recycling Utility Fund is used to account for all recycling revenues and expenses for the City. <br />Currently, those properties benefitting (residential) are billed quarterly for service. <br />The following is a summary of the operations of the fund for 2001 compared to the prior year: <br />Operating revenues <br />Operating expenses <br />2001 2000 <br />$ 170,665 $ 161,771 <br />166,108 161,279 <br />Operating income $ 4,557 $ 492 <br />xvi <br />