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ENTERPRISE FUNDS <br /> <br />The City's Enterprise Funds comprise a relatively small portion of City activities primarily because these <br />fi~nds were only!recently established. Operations of the Sewer and Water Fund began in 1985 and the <br />Street Lights Fuh~d was added in 1992. The graph below shows operating revenue over the last seven <br />years. <br /> <br /> Utility Revenue <br />Years Ended December 31 <br /> <br />1987 19'8B 19~89 19~90 1991 19192 1993 <br /> <br />Sewer/water · Street light <br /> <br />The above revenu~ <br />increase is due to <br /> <br />Although operatinl <br />its last five years. <br /> <br />The table above reft <br />point. The Utility <br />difference between <br /> <br />trend is affected by a rate increase in June 1992; however, the primary cause of the <br />:he significant growth of customers added to the sewer and water system. <br /> <br />revenue has increased, the Sewer and Water Fund has incurred a net loss in each of <br />:The Sewer and Water Fund losses and cash flows are summarized as follows: <br /> <br />Year Net (Loss) <br /> <br />Cash Inflow (Outflow) <br />From Operations <br /> <br />1989 $ (73,613) $ (67,655) <br />1990 (81,120) (41,197) <br />1991 (76,639) (11,603) <br />1992 (72,877) 30,822 <br />1993 (43,149) 121,058 <br /> <br />ects that the fund is decreasing its annual loss, or in a sense approaching a break-even <br />Fund is also producing a healthy positive cash flow from operations. The primary <br />the net loss and cash flow is depreciation expense of the system. <br /> <br />-9- <br /> <br /> <br />