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The following is a summary of the operations of the fund for 1999, compared to the prior year: <br />1999 1998 <br />Operating revenues $ 146,929 $ 126,905 <br />Operating expenses 131.225 117.501 <br />Operating income $ 15,704 $ 9,404 <br />Fund Equity consisted of the following on December 31, 1999, compared to the prior year: <br />1999 1998 <br />Retained earnings $ 80,239 $ 65,660 <br />INTERNAL SERVICE FUND <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 1999 and 1998, respectively: <br />1999 1998 <br />Operating revenues $ 27,760 $ 29,093 <br />Operating expenses 10.386 29.750 <br />Operating income (loss) $ 17,374 $ (657) <br />Fund Equity consisted of the following on December 31, 1999, compared to the prior year: <br />1999 1998 <br />Retained earnings $ 301,361 $ 273,988 <br />-xvii- <br />