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ENTERPRISE FUNDS OVERVIEW
<br />The City maintains several enterprise funds to account for services the City provides that are financed
<br />primarily through fees charged to those utilizing the service. This section of the report provides you with
<br />an overview of the financial trends and activities of the City's enterprise funds, which includes the Water,
<br />Sewer, Street Light, Recycling, and Storm Water Utility Funds.
<br />The utility funds comprise a considerable portion of the City's activities. These funds help to defray
<br />overhead and administrative costs and provide additional support to general government operations by
<br />way of annual transfers. We understand that the City is proactive in reviewing these activities on an
<br />ongoing basis and we want to reiterate the importance of continually monitoring these operations. Over
<br />the years, we have emphasized to our city clients the importance of these utility operations being
<br />self-sustaining, preventing additional burdens on general governmental funds. This would include the
<br />accumulation of net position for future capital improvements and to provide a cushion in the event of a
<br />negative trend in operations.
<br />ENTERPRISE FUNDS FINANCIAL POSITION
<br />The following table summarizes the changes in the financial position of the City's enterprise funds during
<br />the year ended December 31, 2016, presented both by classification and by fund:
<br />Enterprise Funds Change in Financial Position
<br />Net position of enterprise funds
<br />Total by classification
<br />Net investment in capital assets
<br />Unrestricted
<br />Total — enterprise funds
<br />Total by fund
<br />Water Utility
<br />Sewer Utility
<br />Street Light Utility
<br />Recycling Utility
<br />Stoiin Water Utility
<br />Total — enterprise funds
<br />Net Position
<br />as of December 31,
<br />2016 2015
<br />Increase
<br />(Decrease)
<br />$ 51,959,594 $ 49,340,145 $ 2,619,449
<br />35,953,541 34,206,676 1,746,865
<br />$ 87,913,135 $ 83,546,821 $ 4,366,314
<br />$ 44,910,172 $ 42,754,778 $ 2,155,394
<br />28,803,181 27,542,246 1,260,935
<br />1,760,306 1,744,350 15,956
<br />408,086 400,034 8,052
<br />12,031,390 11,105,413 925,977
<br />$ 87,913,135 $ 83,546,821 $ 4,366,314
<br />In total, the net position of the City's enterprise funds increased by $4,366,314 as presented in the table
<br />above. Current year operations increased equity by $2,722,521, with the remaining increase of
<br />$1,643,793, due to the prior period adjustment recorded in the current year to record developer
<br />contributions of capital assets received in the prior year. Capital contribution receipts and positive
<br />operating results contributed to the total overall increase in enterprise funds.
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