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the operation of the storm drainage system. The purpose of this fund is to pay zor the development of storm water manaqement plans and storm drainage improvements. The City serves and biils 9,276 customers for storm drainage services. The storm drainage rates have not been adjusted since the system's inception. Be1ow is a summary of the storm drainage operation: Operating revenues User Charges Total operating Operating expenses Personnel Depreciation Other Total Operating Operating income Nonoperating revenues Net Income Debt Administration Revenues Expenses Summarv of outstanding Debt 1990 $ 527,957 � 527,957 $ 89,730 148,225 189,135 $ 427,090 $ 100,867 74,961 S 175,828 1989 5 538,755 � 538,755 $ 80,447 155,748 214.405 $ 450,600 $ 88,155 95,154 _� 183,309 Net bonded debt per capita, and the percentage of net debt to assessed value and to market value are useful indicators of the City's debt position. Debt statistics for the City as of Decem- ber 31, 1990, as shown in Table 9, are as follows: Net Direct Debt Net Over- Lapping Debt Total 1990 Percent of Percent of Debt Per Amount Tax Capacitv Market Value Capita $31,�07,708 16,683,950 548,391.658 74.93 39.43 114.36 1.92 $ 946.92 1.01 4�8.25 2.93 $ 1,445.17 Net direct debt is based on Roseville's outstanding indebtedness, less cash and investments on hand. Net overlapping debt is Roseville's pro-rata share of bonded indebtedness for the county, school districts, and other governmental agencies that levy taxes within the City. Under state law, the City's 1990 debt which the City has $32,752,982 available the City has issued is outside oflthe apply to the limitation. 14 limit is $33,002,982 of . Nearly all of the debt computation and does not