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<br />-16- <br />STREET LIGHT FUND <br /> <br />At December 31, 2024, the Street Light Fund had a cash balance of $58,637 and total net position of <br />$80,179, all of which is unrestricted. The following graph shows the financial position of the Street Light <br />Fund over the past 10 years: <br />$– <br /> $25,000 <br /> $50,000 <br /> $75,000 <br /> $100,000 <br /> $125,000 <br /> $150,000 <br />2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 <br />Street Light Fund Financial Position <br />Year Ended December 31, <br />Cash, Net of Interfund Loans Total Net Position Operating Revenue <br /> <br />The following graph shows the operating results of the Street Light Fund for the last 10 years: <br />$– <br /> $40,000 <br /> $80,000 <br /> $120,000 <br /> $160,000 <br /> $200,000 <br />2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 <br />Street Light Fund Operating Results <br />Year Ended December 31, <br />Operating Expenses Operating Revenue <br /> During fiscal 2024, the Street Light Fund reported an operating loss of $5,369, compared to an operating <br />loss of $6,548 in fiscal 2023. A modest increase in revenues and slight reduction in spending accounted <br />for the change in operating results compared to the prior year. <br /> <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 />-c:::::::J <br />-