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RECYCLING FUND <br />The following graph presents five years of operating results for the Recycling Fund: <br />Recycling Fund <br />Year Ended December 31, <br />,P4VV,VVV <br />$175,000 <br />$150,000 <br />$125,000 <br />$100,000 <br />$75,000 <br />$50,000 <br />$25,000 <br />$(25,000) <br />$(50,000) <br />2019 <br />2020 <br />2021 <br />2022 <br />2023 <br />O OperRev <br />$140,149 <br />$136,865 <br />$177,057 <br />$169,905 <br />$151,340 <br />� OperExp <br />$172,232 <br />$139,840 <br />$154,611 <br />$173,092 <br />$154,519 <br />—OperInc (Loss) <br />$(32,083) <br />$(2,975) <br />$22,446 <br />$(3,187) <br />$(3,179) <br />The Recycling Fund ended 2023 with an unrestricted net position of $240,423, an increase of $33,924 <br />from the prior year. <br />Recycling Fund operating revenues for 2023 were $151,340, a decrease of $18,565 from the prior year. <br />Operating expenses for 2023 were $154,519, a decrease of $18,537 from the prior year. <br />The Recycling Fund also received $26,670 of nonoperating intergovernmental revenues that are available <br />for the operation of the City's Recycling Program. <br />-16- <br />