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Business -type activities. The decrease in net assets in the City's business -type activities <br />were largely due to operating costs that exceeded incoming revenues. This was an <br />expected result as the City decided to temporarily forgo a customer rate increase and <br />absorb the higher costs to provide relief in other City programs. A rate increase was <br />implemented in 2007. <br />Below are graphs showing the business -type activities revenue and expense comparisons <br />for the past fiscal year. <br />Expenses and Program Revenues - Business -Type Activities <br />5 <br />4 <br />.° 3 ■ Revenue <br />2 ❑ Expense <br />1 <br />0 <br />Sewer Water Golf Storm Recycling <br />❑ Operating <br />Charges <br />97% <br />Revenue Sources - Business -Type Activities <br />19 <br />ants <br />terest <br />Z% <br />