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Storm Water Utility <br />A two year comparison for the Storm Water Utility fund follows: <br />Operating revenues <br />Operating expenses <br />Interest income <br />Change in net assets <br />Cash and investments <br />City of Lake Elmo <br />February 17, 2006 <br />Page Sixteen <br />Percent of Percent of <br />2004 Total 2005 Total <br />$ 85,513 100.0 % $ 72,000 100.0 % <br />(71,760) (83.9) (12,148) (16.9) <br />316 0.4 - - <br />$ 14,069 16.5 % $ 59,852 83.1 % <br />$ (9,002) $ (23,797) <br />Storm Water Results of Operations <br />D 1 V V,wu <br />$80,000 <br />$60,000 <br />$40,000 <br />$20,000 <br />$- <br />$(20,000) <br />$(40,000) <br />- - <br />2004 <br />2005 <br />■ Operating revenues <br />$85,513 <br />$72,000 <br />■ Operating expenses <br />$71,760 <br />$12,148 <br />■ Nonoperating revenue <br />$316 <br />$- <br />❑ Change in net assets <br />$14,069 <br />$59,852 <br />■ Cash and investments <br />$(9,002) <br />$(23,797) <br />The first year of activity was reported in 2004. The cash balance is currently a deficit due to project costs. The rates should <br />be reviewed to ensure that adequate cash flow exists. <br />952.835.9090 • Fax 952.835.3261 <br />www.aemepas.com <br />