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<br />-15- <br />STORM WATER FUND <br /> <br />At December 31, 2024, the Storm Water Fund had a cash balance of $1,987,211 and total net position of <br />$3,598,240. Of this net position total, $1,609,854 is the investment in capital assets, while $1,988,386 is <br />unrestricted. The following graph shows the financial position of the Storm Water Fund over the past <br />10 years: <br />$– <br /> $500,000 <br /> $1,000,000 <br /> $1,500,000 <br /> $2,000,000 <br /> $2,500,000 <br /> $3,000,000 <br /> $3,500,000 <br /> $4,000,000 <br />2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 <br />Storm Water Fund Financial Position <br />Year Ended December 31, <br />Cash, Net of Interfund Loans Total Net Position Operating Revenue <br /> The following graph shows the operating results of Storm Water Fund for the last 10 years: <br />$– <br /> $100,000 <br /> $200,000 <br /> $300,000 <br /> $400,000 <br /> $500,000 <br /> $600,000 <br />2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 <br />Storm Water Fund Operating Results <br />Year Ended December 31, <br />Operating Expenses Operating Revenue <br /> The Storm Water Fund maintains a healthy financial position. During fiscal 2024, the Storm Water Fund <br />reported an operating income of $87,526, compared to an operating income of $64,864 in fiscal 2023. The <br />increase in utility rates contributed to the change in operating income, compared to the prior year. The <br />City should continue to review utility rates during its annual budget process to make sure an adequate, yet <br />fair, rate is charged for the services provided. <br />- <br />-