|
<br />16
<br />City of Elk River
<br />Financial Analysis
<br />
<br />
<br />Garbage Operations
<br />The following graph illustrates the current operations of the Garbage Fund for the past five years.
<br />
<br />The Garbage Fund has shown an operating income in each of the last five years presented. In 2024,
<br />the Fund showed an operating income of $226,193. This is a slight increase in operating income of
<br />$8,488 from 2023. The Fund experienced an increase in operating revenue of $43,919 based on usage
<br />for the year, while garbage operating expenses increased $35,431 due to increased contractual
<br />service expenses based on garbage customer charges.
<br />
<br />2020 2021 2022 2023 2024
<br />Operating Revenues $1,686,664 $1,773,620 $1,889,247 $1,920,516 $1,964,435
<br />Operating Expenses 1,565,482 1,623,785 1,670,454 1,702,811 1,738,242
<br />Operating Income without Depreciation 121,182 149,835 218,793 217,705 226,193
<br />Operating Income (Loss)121,182 149,835 218,793 217,705 226,193
<br />$0
<br />$200,000
<br />$400,000
<br />$600,000
<br />$800,000
<br />$1,000,000
<br />$1,200,000
<br />$1,400,000
<br />$1,600,000
<br />$1,800,000
<br />$2,000,000
<br />Garbage Operations
<br />
<br />Page 391 of 637
|