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<br />-14- <br />SEWER FUND <br /> <br />At December 31, 2024, the Sewer Fund had a cash balance of $1,957,228 and total net position of <br />$4,876,713. Of this net position total, $2,576,955 is the investment in capital assets, while $2,299,758 is <br />unrestricted. The following graph shows the financial position of the Sanitary Sewer Fund over the past <br />10 years: <br />$– <br /> $1,000,000 <br /> $2,000,000 <br /> $3,000,000 <br /> $4,000,000 <br /> $5,000,000 <br />2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 <br />Sewer Fund Financial Position <br />Year Ended December 31, <br />Cash, Net of Interfund Loans Total Net Position Operating Revenue <br /> The following graph shows the operating results of the Sanitary Sewer Fund for the last 10 years: <br />$– <br /> $500,000 <br /> $1,000,000 <br /> $1,500,000 <br /> $2,000,000 <br /> $2,500,000 <br />2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 <br />Sewer Fund Operating Results <br />Year Ended December 31, <br />MCES Costs Other Operating Expenses Operating Revenue <br /> <br />The major expense of the sewer operation is the charge from the Metropolitan Council Environmental <br />Services (MCES). The main cause of the expense fluctuations from year-to-year, shown on the graph <br />above, are generally changes made to the charges from the MCES reflecting the results of its sewer <br />treatment operations. <br /> <br />The Sewer Fund maintains a healthy financial position. During fiscal 2024, the Sewer Fund reported <br />operating income of $303,496, compared to an operating income of $213,288 in fiscal 2023. The increase <br />in user rates contributed to the change in operating income, compared to the prior year. The City should <br />continue to review utility rates during its annual budget process to make sure an adequate, yet fair, rate is <br />charged for the services provided. <br />- <br />-