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Fund Equity consisted of the following on December 31, 2000, compared to the prior year: <br />Street Light Fund <br />2000 1999 <br />Contributed capital $ 8,381,001 $ 8,140,270 <br />Contributed capital reserved <br />for future construction 645,308 535,041 <br />Retained earnings (deficit) 18,014 (50,210) <br />Total fund equity $ 9,044,323 $ 8,625,101 <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 2000 and 1999, respectively: <br />2000 1999 <br />Operating revenues <br />Operating expenses <br />Operating revenues <br />Operating expenses <br />Retained earnings <br />$ 79,661 $ 79,058 <br />47,583 44,563 <br />Operating income $ 32,078 $ 34,495 <br />Fund Equity consisted of the following on December 31, 2000, compared to the prior year: <br />2000 1999 <br />Contributed capital $ 129,383 $ 124,883 <br />Retained earnings 218,493 175,727 <br />Total fund equity $ 347,876 $ 300,610 <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 2000, compared to the prior year: <br />2000 1999 <br />$ 161,771 $ 146,929 <br />161,279 131,225 <br />Operating income $ 492 $ 15,704 <br />Fund Equity consisted of the following on December 31, 2000, compared to the prior year: <br />2000 1999 <br />$ 80,654 <br />xvi <br />$ 80,239 <br />