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Comprehensive Annual Financial Report 12/31/1995
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Comprehensive Annual Financial Report 12/31/1995
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Audit Report 12/31/1995
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Dedicated Parks - accounts for revenues and expenditures for the acquisition and <br />construction of park projects. Wenzel Park was improved in 1995 with these funds. <br />Area and Unit Charges - accounts for water and sewer area assessments to be used for the <br />construction of City utility infrastructure. <br />Surface Water Management - established to help fund the costs associated with surface <br />water issues and planning. <br />Apollo Business Park - accounts for the receipts from the sale of property within the park <br />and for costs associated with the acquisition. <br />Tax Increment - established to account for projects financed with tax increments. <br />Enterprise Funds <br />Water Fund - accounts for the operations of the municipal water system. The following <br />table illustrates the operations: <br />Operating revenues <br />Operating expenses (excluding depreciation) <br />Operating income <br />1995 1994 <br />$338,474 $295,006 <br />177,724 149,764 <br />S160,750 $145,242 <br />Sewer Fund - accounts for the operations of the municipal sanitary sewer system. The <br />following table illustrates the operations: <br />Operating revenues <br />Operating expenses (excluding depreciation) <br />Operating income <br />1995 1994 <br />S483,121 $366,843 <br />351,489 285,974 <br />$131,632 $80,869 <br />Gas Utility - accounts for the City's share of the Circle Pines gas utility that extends into <br />the community. <br />12 <br />
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