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Fund Equity consisted of the following on December 31, 2001 compared to the prior year: <br />2001 2000 <br />Retained earnings $ 82,761 $ 80,654 <br />Storm Water Utility Fund <br />The Storm Water Utility Fund is used to account for all storm water revenues and expenses for the City. <br />This fund was created in 2000 to fund drainage problems throughout the City. <br />The following is a summary of the operations of the fund for 2001 and 2000, respectively: <br />2001 2000 <br />Operating revenues $ 315,724 $ 250,301 <br />Operating expenses <br />81,915 89,144 <br />Operating income $ 233,809 $ 161,157 <br />Fund Equity consisted of the following on December 31, 2001, compared to the prior year: <br />2001 2000 <br />Contributed capital <br />Retained earnings <br />INTERNAL SERVICE FUND <br />$ 1,058,480 $ 265,517 <br />370,737 153,837 <br />Total fund equity $1,429,217 $ 419,354 <br />The Internal Service Fund is used to account for the City's insurance refunds, dividends, and other <br />miscellaneous insurance related revenues, and to provide for self -insuring the deductible portions of the <br />City's insurance policies. The Internal Service Fund operates in a manner similar to Enterprise Funds; <br />however, the fund provides services primarily to other departments within the City. <br />The following is a summary of the operations of the fund for 2001 and 2000, respectively: <br />Operating revenues <br />Operating expenses <br />Operating income (loss) <br />2001 2000 <br />$ 21,267 $ 26,100 <br />38,657 12,789 <br />$ (17,390) $ 13,311 <br />Fund Equity consisted of the following on December 31, 2001 compared to the prior year: <br />2001 2000 <br />Retained earnings $ 368,225 $ 363,976 <br />xvii <br />