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VIM <br />Inmr <br />VIEW <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 water <br />issues and planning. <br />Apollo Business Park - accounts for the receipts from the sale of property within the park and <br />for costs associated with the acquisition. <br />Town Center /Civic Center Project - established to account for costs associated with the <br />creation of the "Village ", including: infrastructure, civic buildings and development of the <br />property for commercial use. <br />Tax Increment - established to account for projects financed with tax increments. Tax <br />Increment Districts 1 -1 and 1 -2 were decertified in 1997 with their fund balances transferred to <br />the Town Center for infrastructure costs. <br />Enterprise Funds <br />Water Fund - accounts for the operations of the municipal water system. The following table <br />illustrates the operations: <br />Operating revenues <br />Operating expenses (excluding depreciation) <br />Operating income (loss) <br />Percent <br />1997 1996 Change <br />$486,387 - $430,997 12.9% <br />271,575 210,778 28.8% <br />$214,812 $220,219 (2.5 %) <br />Increases in revenues are attributed to the additional users on the system. <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 (loss) <br />Percent <br />1997 1996 Change <br />$628,536 $550,464 14.2% <br />494,219 398,656 24.0% <br />$134,317 $151,808 (11.5 %) <br />Expenditures increased due to the increase in sewage flow that is paid to the Metropolitan <br />Council Environmental Services division for treatment. <br />13 <br />