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Operating Income (loss) <br />Nonoperating revenues <br />(expenses) <br />Net Income <br />(14,966) $ (6,070) <br />S 70,491 <br />S 55,525 <br />S 110.630 <br />S 104,560 <br />The Storm Drainage Fund was established in 1984 and accounts for <br />the operation of the storm drainage system. The purpose of this <br />fund is to pay for the development of storm water management <br />plans and storm drainage improvements. The City serves and bills <br />9,276 customers for storm drainage services. The storm drainage <br />rates established were not increased for 1985, 1986, or 1987. <br />Below is a summary of the storm drainage operation: <br />Operating revenues <br />User Charges <br />Total Operating Revenues <br />Operating expenses <br />Personnel <br />Depreciation <br />Other <br />Total Operating Expenses <br />Operating income <br />Nonoperating revenues <br />Net Income <br />Debt �dministration <br />Summar� of Outstanding Debt <br />1988 <br />S 532,492 <br />S 532.492 <br />$ 75,711 <br />149,822 <br />177,592 <br />S 403,125 <br />$ 129,367 <br />91,176 <br />S 220,545 <br />1987 <br />S 539,627 <br />S 539,627 <br />$ B4,811 <br />126,325 <br />143,641 <br />S 354,776 <br />$ 184,851 <br />320,567 <br />S 505,418 <br />Net bonded debt per capita, and the percentage of net debt to <br />assessed value and to market value are useful indicators of the <br />City's debt position. Debt statistics for the City as of Decem- <br />ber 31, 1988, as shown in Table 9, are as follows: <br />Percent of Percent of Debt Per <br />Amount Assessed Value Market Value Capita <br />Net Direct <br />Debt $ 6,022,755 1.75 <br />Net Over- <br />Lapping <br />Debt 11,056,364 3.22 <br />Total 1988 S17,078,609 3.95 <br />Total 1987 514,798,314 4.37 <br />.40 <br />.73 <br />2.15 <br />1.03 <br />$173.13 <br />S317.85 <br />,.� .. <br />5427.59 <br />Net direct debt is based on Roseville's outstanding indebtedness, <br />13 <br />