|
The following table presents five years of comparative operating results for each of the City’s utility
<br />enterprise funds:
<br />20102011201220132014
<br />Utility enterprise funds
<br />Water
<br />Operating revenue$ 1,633,461$ 2,131,4601,821,386$ $ 1,997,302$ 1,860,380
<br />Operating expenses 1,295,721 1,358,050 1,228,012 1,293,201 1,221,211
<br />Operating income$ 337,740$ 903,448463,336$ $ 704,101$ 639,169
<br />Operating income as a %
<br /> of operating revenue20.7 %25.4 %42.4 %35.3 %34.4 %
<br />Sewer
<br />Operating revenue$ 1,236,7711,261,609$ 1,324,342$ $ 1,341,674$ 1,393,157
<br />Operating expenses 1,149,3181,101,554 1,152,760 1,282,3021,190,551
<br />Operating income$ 87,453160,055$ 171,582$ $ 110,855151,123$
<br />Operating income as a %
<br /> of operating revenue12.7 %7.1 %13.0 %11.3 %8.0 %
<br />Street Light
<br />Operating revenue$ 178,850179,272$ 179,124$ $ 177,158$ 188,185
<br />Operating expenses 165,651158,369 163,758 176,736 161,733
<br />Operating income$ 15,09220,903$ 13,473$ $ 422$ 26,452
<br />Operating income as a %
<br /> of operating revenue11.7 %8.4 %7.5 %0.2 %14.1 %
<br />Recycling
<br />Operating revenue$ 294,617$ 296,358297,226$ $ 298,034$ 309,160
<br />Operating expenses 307,662 302,947 302,936 308,629 321,321
<br />Operating income (loss)$ (5,721)(13,045)$ (6,578)$ $ (10,595)$ (12,161)
<br />Operating income as a %
<br /> of operating revenue(4.4) %(1.9) %(2.2) %(3.6) %(3.9) %
<br />Storm Water
<br />Operating revenue$ 617,579617,598$ 647,169$ $ 677,936$ 706,135
<br />Operating expenses 410,666350,521 496,309 491,370 509,709
<br />Operating income$ 206,913267,077$ 150,860$ $ 186,566$ 196,426
<br />Operating income as a %
<br /> of operating revenue43.2 %33.5 %23.3 %27.5 %27.8 %
<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, 2014, with the exception of the Recycling Fund. This
<br />loss was covered by the County Recycling Grant which typically subsidizes these operations.
<br />Overall operating revenues totaled $4,457,017 in 2014 compared to $4,492,104 in the prior year.
<br />Increases for rate adjustments were offset by decreased consumption contributing to the steady level of
<br />revenues compared to the prior year. Expenses were also similar to the prior year, with $3,496,276 in
<br />2014 compared to $3,460,487 of spending incurred in 2013.
<br />-13-
<br />
<br />
|