Laserfiche WebLink
<br />MAY-23-2003 15:15 <br /> <br />763 569 5799 <br /> <br />763 569 5799 <br /> <br />P.14/19 <br /> <br />FINANCIAL ANALYSIS (Continued) <br /> <br />Transit Fund: <br /> <br />The City's transit fund armually exhibits a large operating loss due to operating expenses <br />exceeding passenger fare revenues. Offsetting these losses are federal and state grants and <br />investment income. A nel Joss of $6,900 resulted in 2002 after including these non-operating <br />revenues. <br /> <br />At December 31, 2002 the Transit Fund's retained earnings amounted to $473,371. <br />renewing graph highlights operating results over the past five years: <br /> <br />The <br /> <br />Transit Fund <br /> <br />$100,000 <br /> <br /> <br />,..' <br /> <br />$300,000 <br /> <br />5200,000 . <br /> <br />($100,000) <br /> <br />($200,000) <br /> <br />($300,000) <br /> <br />1998 <br /> <br />1999 <br /> <br />2000 <br /> <br />2001 <br /> <br />2002 <br /> <br />. Operating Expenses (InCILJájng Depmciation) <br />[J Income (Los,..) Before Operating Tran~fers <br />.-.'- <br /> <br />m Passenger Fares <br />80pelëlting (Loss) <br /> <br />12 <br />