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City of Elk River
<br />Financial Analysis
<br />Garbage Operations
<br />The following graph illustrates the current operations of the Garbage Fund for the past five years
<br />The Garbage Fund has shown an operating income in each of the last four years presented. In 2022, the
<br />Fund showed an operating income of $218,793, which was the highest of the five years presented. This
<br />is an increase in operating income of $68,958 from 2021. The Fund experienced an increase in operating
<br />revenue of $115,627 with increased rates, while garbage operating expenses increased $46,669 due to
<br />increased contractual service expenses based on garbage customer charges.
<br />Garbage Operations
<br />$2,000,000
<br />$1,800,000
<br />$1,600,000
<br />$1,400,000
<br />$1,200,000
<br />$1,000,000
<br />$800,000
<br />$600,000
<br />$400,000
<br />$200,000
<br />$0
<br />2018
<br />2019
<br />2020
<br />2021
<br />2022
<br />❑ Operating Revenues
<br />$1,553,498
<br />$1,645,115
<br />$1,686,664
<br />$1,773,620
<br />$1,889,247
<br />■ Operating Expenses
<br />1,588,956
<br />1,456,482
<br />1,565,482
<br />1,623,785
<br />1,670,454
<br />❑ Operating Income without Depreciation
<br />(35,458)
<br />188,633
<br />121,182
<br />149,835
<br />218,793
<br />■ Operating Income (Loss)
<br />(35,458)
<br />188,633
<br />121,182
<br />149,835
<br />218,793
<br />15
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