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Enterprise Funds <br /> <br />The activities of the En~ <br />electric and water opera <br />Council has the ultimat~ <br /> <br /> Garbage Collecti¢ <br /> A comparison of th <br /> <br />City of Elk River <br /> March 19, 2004 <br /> Page Eight <br /> <br />erprise funds include the electric, ~ ater, sewer, garbage services and the off-sale liquor store. The <br />tions, under the direction of the Uti ities Commission, are included in the financial statements since <br />oversight responsibility for their o ~erations. <br /> <br />n Fund <br /> <br /> past four year's garbage collectio9 fund operations is as follows: <br /> <br /> Garbage COllection Fund <br /> <br />800,000 - <br />600,000 <br />200'005,0 <br />200,000) 2000 i 2001 2002 2003 <br />"'~"'Operating levenue $686,815 i $706,626 $746,392 $830,808 <br />'-ffi~Operating lxpense $791,043 ,! $807,572 $847,380 $884,532 <br />'"~"Loss from~perations $(104,228) i $(100,946) $(100,988) $(53,724) <br />~Cash and investments $255,671 i $175,759 $98,962 $42,436 <br /> <br />The expenses of th <br />users. As a result, <br /> <br />952.835.9090 · Fax952.835.3261 <br />www. aemcpas.com <br /> <br />fund are mainly contracted servic&s that are generally fixed in amount and relate to the number of <br />is not necessary to carry a large cash reserve. The current level appears adequate. <br /> <br /> <br />