|
UTILITY ENTERPRISE FUNDS
<br />The City's enterprise funds report positive components of net assets in all utility operations. Total cash
<br />balances equaled $20,947,116 while net assets totaled $71,880,428 at December 31, 2008. A large
<br />portion of the increase of $1,780,496 in net assets is from $753,204 in capital contributions.
<br />The following table presents five years of comparative operating results for each of the City's utility
<br />enterprise funds:
<br />2004 2005 2006 2007 2008
<br />Utility enterprise funds
<br />Water
<br />Operating revenue $ 910,012 $ 1,062,524 $ 1,317,203 $ 1,440,658 $ 1,539,665
<br />Operating expenses 812,186 851,196 906,795 912,094 1,247,248
<br />Operating income $ 97,826 $ 211,328 $ 410,408 $ 528,564 $ 292,417
<br />Operating income as a %
<br />of operating revenue 10.7 % 19.9 % 31.2 % 36.7 % 19.0 %
<br />Sewer
<br />Operating revenue $ 840,684 $ 939,478 $ 1,044,271 $ 1,100,948 $ 1,208,843
<br />Operating expenses 660,230 740,917 771,870 838,452 883,214
<br />Operating income $ 180,454 $ 198,561 $ 272,401 $ 262,496 $ 325,629
<br />Operating income as a %
<br />of operating revenue 21.5 % 21.1 % 26.1 % 23.8 % 26.9 %
<br />Street Light
<br />Operating revenue $ 120,677 $ 144,882 $ 167,548 $ 173,541 $ 183,560
<br />Operating expenses 81,832 88,881 108,639 110,837 123,839
<br />Operating income $ 38,845 $ 56,001 $ 58,909 $ 62,704 $ 59,721
<br />Operating income as a %
<br />of operating revenue 32.2 % 38.7 % 35.2 % 36.1 % 32.5 %
<br />Recycling
<br />Operating revenue $ 184,037 $ 202,060 $ 251,224 $ 291,152 $ 332,682
<br />Operating expenses 174,897 196,654 232,052 283,746 300,755
<br />Operating income $ 9,140 $ 5,406 $ 19,172 $ 7,406 $ 31,927
<br />Operating income as a %
<br />of operating revenue 5.0 % 2.7 % 7.6 % 2.5 % 9.6 %
<br />Storm Water
<br />Operating revenue $ 373,306 $ 438,214 $ 475,548 $ 503,553 $ 566,506
<br />Operating expenses 250,037 279,824 258,731 440,697 300,444
<br />Operating income $ 123,269 $ 158,390 $ 216,817 $ 62,856 $ 266,062
<br />Operating income as a %
<br />of operating revenue 33.0 % 36.1 % 45.6 % 12.5 % 47.0 %
<br />As displayed in the table above, each of the individual enterprise funds was able to report positive
<br />operating results for the year ended December 31, 2008. As mentioned earlier, this is important for the
<br />total well -being of the City.
<br />
|