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Utility Enterprise Funds
<br />The City's enterprise funds report positive components of net assets in all utility operations. Total cash
<br />balances equaled $14,289,448, while net assets totaled $75,345,808 at December 31, 2010. Net assets
<br />increased $1,889,436 over the prior year.
<br />The following table presents five years of comparative operating results for each of the City's utility
<br />enterprise funds:
<br />Utility enterprise funds
<br />Water
<br />Operating revenue
<br />Operating expenses
<br />Operating income
<br />Operating income as a %
<br />of operating revenue 31.2
<br />Sewer
<br />Operating revenue
<br />Operating expenses
<br />Operating income as a %
<br />of operating revenue 26.1 %
<br />2006 2007 2008 2009 2010
<br />$ 1,317,203 $ 1,440,658 $ 1,539,665 $ 1,693,581 $ 1,633,461
<br />906,795 912.094 L247,248 1,291,952 1,295,721
<br />$ 410,408 $ 528,564 $ 292,417 $ 401,629 $ 337,740
<br />36.7 % 19.0 %
<br />23.8 °,% 26.9
<br />23.7 % 20.7
<br />$ 1,044,271 $ 1,100,948 $ 1,208,843 $ 1,214,953 $ 1,261,609
<br />771,870 838,452 883,214 1,076,451 1.101,554
<br />Operating income $ 272,401 $ 262,496 $ 325,629 $ 138,502 $ 160,055
<br />11.4 °0 12.7
<br />Street Light
<br />Operating revenue $ 167,548 $ 173,541 $ 183,560 $ 172,897 $ 179,272
<br />Operating expenses 108,639 110,837 123,839 148,140 158,369
<br />Operating income $ 58,909 $ 62,704 $ 59,721 $ 24,757 $ 20,903
<br />Operating income as a %
<br />of operating revenue 35.2 % 36.1 % 32.5 % 14.3 % 11.7 °0
<br />Recycling
<br />Operating revenue $ 251,224 $ 291,152 $ 332,682 $ 284,515 $ 294,617
<br />Operating expenses 232,052 283,746 300,755 298,631 307,662
<br />Operating income (loss) $ 19,172 $ 7,406 $ 31,927 $ (14,116) $ (13,045)
<br />Operating income as a
<br />of operating revenue 7.6 % 2.5 % 9.6 % (5.0) % (4.4) '
<br />Storm Water
<br />Operating revenue $ 475,548 $ 503,553 $ 566,506 $ 578,666 $ 617,598
<br />Operating expenses 258,731 440,697 300,444 358,522 350,521
<br />Operating income $ 216,817 $ 62,856 $ 266,062 $ 220,144 $ 267,077
<br />Operating income as a %
<br />of operating revenue 45.6 %
<br />12.5 °/o 47.0 °
<br />38.0 °% 432 °o
<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, 2010, with the exception of the recycling fund. This
<br />loss was covered by the county recycling grant which typically subsidizes these operations.
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