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The Ice Arena Fund accounts for the operation of one ice arena, with a seatina capacity of approximately 1,950. Selow is a summary of the Ice Arena operations: 1989 Operating revenues Gross profits on merchandise sold User charges Other Total operating revenues Operating expenses Personal service Depreciation Other Total operating expenses Operating Income (loss) Nonoperating revenues (expenses) Net Income $ 10,882 309,266 48.119 $ 357,385 196,365 45,759 147,018 S 389.142 $ (20,875) S 25,133 $ 4 263 •:2 $ 15,922 333,598 14,306 $ 347 904 194,805 46,631 132.356 S 378,792 (14,966) $ 70,491 S 55,525 The Storm Drainage Fund was established in 1984 and accounts for the operation of the storm drainage system. The purpose of this fund is to pay for the development of storm water management plans and storm drainage improvements. The City serves and bills 9,276 customers for storm drainage services. The storm drainage rates have not been adjusted since the system's inception. Below is a summary of the storm drainage operation: 1989 1988 Operating revenues User Charges Total Operating Revenues Operating expenses Personnel Depreciation Other Total Operating Expenses Operating income Nonoperating revenues Net Income Debt �dmin.istration $ 538,755 S 538,755 $ 80,447 155,748 214,405 � 450,600 $ 88,155 95.154 $ 183.309 � 532,492 S 532,492 $ 75,711 149,822 177.592 $ 403,125 $ 129,367 91.178 $ 220,5-45 Summar� of Outstandinq Debt Net bonded debt per capita, and the percentage of net debt to assessed value and to market value are useful indicators of the 13