Laserfiche WebLink
STREET LIGHT FUND <br />At December 31, 2023, the Street Light Fund had a cash balance of $68,321 and total net position of <br />$85,755, all of which is unrestricted. The following graph shows the financial position of the Street Light <br />Fund over the past 10 years: <br />$150,000 <br />$125,000 <br />$100,000 <br />$75,000 <br />$50,000 <br />$25,000 <br />Street Light Fund Financial Position <br />Year Ended December 31, <br />2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 <br />Cash, Net of Interfund Loans Total Net Position ,Operating Revenue <br />The following graph shows the operating results of the Street Light Fund for the last 10 years: <br />Street Light Fund Operating Results <br />Year Ended December 31, <br />$200,000 <br />$160,000 <br />$120,000 <br />$80,000 <br />$40,000 <br />2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 <br />Operating Expenses Operating Revenue <br />During fiscal 2023, the Street Light Fund reported an operating loss of $6,548, compared to an operating <br />loss of $10,783 in fiscal 2022. A modest increase in revenues and slight reduction in spending accounted <br />for the change in operating results compared to the prior year. <br />The decrease in cash in 2020, presented in the top table, was largely due to the City's decision to pay off a <br />lease to save on future interest costs. Operating expenses in 2015 exceeded amounts in other years <br />presented, largely due to energy saving improvements completed that year. <br />-16- <br />