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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 $16,134,860, while net assets totaled $75,512,152 at December 31, 2011. Net assets
<br />increased $166,344 over the prior year.
<br />The following table presents five years of comparative operating results for each of the City's utility
<br />enterprise funds:
<br />Utility enterprise funds
<br />Water
<br />Operating revenue
<br />Operating expenses
<br />Operating income
<br />Operating income as a %
<br />of operating revenue
<br />Sewer
<br />Operating revenue
<br />Operating expenses
<br />Operating income
<br />Operating income as a %
<br />of operating revenue
<br />Street Light
<br />Operating revenue
<br />Operating expenses
<br />Operating income
<br />2007 2008 2009 2010 2011
<br />$ 1,440,658 $ 1,539,665 $ 1,693,581 $ 1,633,461 $ 1,821,386
<br />912,094 1,247,248 1,291,952 1,295,721 1,358,050
<br />$ 528,564 $ 292,417 $ 401,629 $ 337,740 $ 463,336
<br />36.7 % 19.0 % 23.7 % 20.7 % 25.4 %
<br />$ 1,100,948 $ 1,208,843 $ 1,214,953 $ 1,261,609 $ 1,236,771
<br />838,452 883,214 1,076,451 1,101,554 1,149,318
<br />$ 262,496 $ 325,629 $ 138,502 $ 160,055 $ 87,453
<br />23.8 % 26.9 % 11.4 % 12.7 % 7.1 %
<br />$ 173,541 $ 183,560 $ 172,897 $ 179,272 $ 178,850
<br />110,837 123,839 148,140 158,369 163,758
<br />$ 62,704 $ 59,721 $ 24,757 $ 20,903 $ 15,092
<br />Operating income as a %
<br />of operating revenue 36.1 % 32.5 % 14.3 % 11.7 % 8.4 %
<br />Recycling
<br />Operating revenue $ 291,152 $ 332,682 $ 284,515 $ 294,617 $ 297,226
<br />Operating expenses 283,746 300,755 298,631 307,662 302,947
<br />Operating income (loss) $ 7,406 $ 31,927 $ (14,116) $ (13,045) $ (5,721)
<br />Operating income as a %
<br />of operating revenue 2.5 % 9.6 % (5.0) % (4.4) % (1.9) %
<br />Storm Water
<br />Operating revenue $ 503,553 $ 566,506 $ 578,666 $ 617,598 $ 617,579
<br />Operating expenses 440,697 300,444 358,522 350,521 410,666
<br />Operating income $ 62,856 $ 266,062 $ 220,144 $ 267,077 $ 206,913
<br />Operating income as a %
<br />of operating revenue 12.5 % 47.0 % 38.0 % 43.2 % 33.5 %
<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, 2011, 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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