2000 CAFR - Laserfiche WebLink

Home

Storm Water Utility Fund The Storm Water Utility Fund is used to account for all storm water revenues and expenses for the City. This fund was created in 2000 to fund drainage problems throughout the City. The following is a summary of the operations of the fund for 2000: Fund Equity consisted of the following on December 31, 2000: INTERNAL SERVICE FUND EXPENDABLE TRUST FUNDS Operating revenues Operating expenses xvii 2000 Operating revenues $ 250,301 Operating expenses 89,144 Operating income $ 161,157 2000 Contributed capital $ 265,517 Retained earnings 153,837 Total fund equity $419,354 The Internal Service Fund is used to account for the City's insurance refunds, dividends, and other miscellaneous insurance related revenues, and to provide for self - insuring the deductible portions of the City's insurance policies. The Internal Service Fund operates in a manner similar to Enterprise Funds; however, the fund provides services primarily to other departments within the City. The following is a summary of the operations of the fund for 2000 and 1999, respectively: 2000 1999 $ 26,100 $ 27,760 12,789 10,386 Operating income $ 13,311 $ 17,374 Fund Equity consisted of the following on December 31, 2000, compared to the prior year: 2000 1999 Retained earnings $ 363,976 $ 301,361 Expendable Trust Funds are used to account for assets held by the City in the capacity of trustee or agent. The Expendable Trust Funds are accounted for in essentially the same manner as governmental funds.