1997 CAFR - Laserfiche WebLink

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FINANCIAL SECTION f~ontinuedl The following is a summary of the operations of the fund for 1997 and 1996, respectively: .1222 122Sz Operating Revenues $326,705 $ 258,102 Operating Expenses ~~. -~~ Operating Income (Loss) $ 1.792 $ (40.955) Fund Equity consisted of the following on December 31, 1997, compared to the prior year: 1222 1226 Contributed Capital $7,553,871 $ 7,205,573 Contributed Capital Reserved For Future Construction 351,876 540,148 Retained Earnings (Deficit) (138.8441 (211,996) Total Fund Equity $ 7.766.903 $ 7.533.725 Street Light Fund: The Street Light Fund is used to account for all street lighting revenues and expenses for the City-owned street lights within subdivisions. The following is a summary of the operations of the fund for 1997 and 1996, respectively: 1222 1226 Operating Revenues $ 53,710 $48,666 Operating Expenses X6,904 27.784 Operating Income $16.806 $20.882 Fund Equity consisted of the following on December 31, 1997, compazed to the prior year: 19.22 122 Contributed Capital $117,983 $107,983 Retained Earnings ~~ 72.865 Total Fund Equity 10.616 $180.848 Recycling Utility Fund: The Recycling Utility Fund is used to account for all recycling revenues and expenses for the City. The City changed its funding policy for recycling, which had previously been paid for through a special revenue fund. Currently, those properties benefitting (residential) are billed quarterly for service. The following is a summary of the operations of the fund for 1997, compared to the prior year: 122_Z 1996 Operating Revenues $102,008 $ 100,888 Operating Expenses 75.540 g9 Operating Income $ ~-11.6. xvii