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<br /> <br />City of Arden Hills <br />April I , 2004 <br />Page Thirteen <br /> <br />Sewer Fund <br /> <br />Sewer Fund <br /> <br /> <br />The results of the operations and cash position of the Sewer fund for the past foor ye <br /> <br />. <br /> <br />$1,800,000 <br />$1,600,000 <br />$1,400,000 <br />$1,200,000 <br />$1,000,000 <br />$800,000 <br />$600,000 <br />$400,000 <br />$200,000 <br />$- <br /> <br /> <br /> <br /> <br /> 2003 2004 <br />, 87 $848,976 $935,207 <br />91,908 $1,096,590 $1,081,068 <br />$(117,921) $(247,614) $(145,861) <br />$1,562,147 $958,132 $620,489 <br /> ---------- -~~~~- <br /> <br />ncrease in operating expenses from 2002. This also resulted in the <br /> <br />. <br /> <br />952.835.9090 . Fax 952.835.3261 <br /> <br />'w\\rw.aemcpas.com <br />