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1 <br />1 <br />1 <br />1 <br />i <br />1 <br />1 <br />City of Elk River <br />March L3, 2008 <br />Page 15 <br />Garbage Fund <br />The following is a summary of operations in the Garbage Cund for the past three years <br /> 2005 2006 2007 <br /> Amount Peeccnt Amount Pcrccnt Amount Percent <br />Operating revenues $ 1,065,008 lOD.0 % $ ],]16,063 1D0.0 % $ 1,146,973 100.0 <br />Operating expeuses 1,047,479 98.4 1,094,788 98.1 I,l 14,133 97.1 <br /> <br />Operating income 17,539 ].6 21,275 1.9 32,840 2.9 <br />Nonoperating revenues 2,235 D? 5.695 0.5 9,873 0.9 <br />Transfers in 3,480 0.3 47,667 4.3 26,860 2.3 <br />Change in net assets $ 23,244 2.1 °/~ $ 74.637 G.7 % $ 69,572 6.1 <br /> <br />Cash and investments $ 93,631 $ 192.402 $ 242,528 <br />Uarbage Fund Operations Summary <br />$1,400,000 - <br />$1,200,000 - <br />$1,000,000 <br />$800,000 - <br />$600,000 - <br />$400,D00 <br />$200,000 - <br />$- ' <br />2005 2D06 2007 <br />^ Operating revenues ^ Operating expenses ®Operating income <br />~ ^ Change in net assets ^ Cash and investments <br />The expenses of this fiord are mainly contracted services that arc generally fixed in amount and relate to the number of <br />users. As a result, it is not necessary to carry a large cash reserve. The current level appears adequate. Cash and <br />operating have increased each of the Last three years. <br />ess.a.i.,eoeo tt,re2.xsss2et <br />~nvw.urvwpas.coen <br />