CCP 05-19-2003 - Laserfiche WebLink

Home Browse Search

. - . City of Arden Hills April 10, 2003 P age Thirteen Recycling Fund The results of the operations and cash position of the Recycling fimd for the past three years are as follows: Percent Percent Percent of of of 2002 TotaL 2001 Total 2000 Total Operating revenue $ 43,996 100.0% $ 54,423 100.0% $ 54,145 100.0% Operating expenses 79,030 179.6 66,968 123.1 7 1.650 132.3 Operating loss (35,034 ) (79.6) (12,545) (23.1 ) (17,505) (32.3 ) Non-operating income 20.724 .....fZJ. 23.354 ~ 23,379 43.2 Net income (loss) .... ...l14 310) 32.5 10809 ...19.8 5874 10.9 Cash balance $ 55 049 $ 73 245 $ n_ .1>2,6J.1 Surface Water Mauagement Fund The results of the operations and cash position of the Surface Water Management fund for the past three years are as follows: Percent Percent Percent of of of 2002 Total 2001 Total 2000 Total Operating revenue $ 208,536 100.0% $ 190,621 100.0% $ 190,824 100.0% Operating expenses 94,367 ~ 60,103 --1U 48.258 ...2U Operating income ___lll, 169 54.1 13 Q,s.l1l. .__68.5 142566 74.7 Cash balance L_56~,IHM $ 480584 $ 311.955 Governmental Accounting Standards Board (GASB) Statement No. 34, Basic Financial Statemcnts - and Man.gement's Discussion and Analysis - for State and Local Governments We have discussed GASB 34 in detail in our management letter each of the last two years. This statement is a major overhaul in the way govemment fm.ncial statements look .nd the information contained within. It is intended to make the City's arumal fmancial report more user friendly for citizens, staff, council and those that provide resources to the City. Weare prepared to offer assistance and direction on implementation but staff and council can fmd many resources relating to Statement #34 on GASB's web site (http://accounting.rutgers.edulraw/gasb/repmodel!index.html). Listed below are some key dates and activities: Statement implementation date: Items needing completion by City: Infrastructure asset inventory: Capital asset inventory: Management Discussion and Analysis Letter (MD&A): Year ending, December 31, 2004 Year ending, December 31, 2003 Year ending, December 31, 2003 Year ending, December 31, 2004 The dates above are recommended timelines for completion but the City can complete any of them before the date identified.