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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, 2017, 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 />2017 2016
<br />Increase
<br />(Decrease)
<br />$ 53,855,285 $ 51,959,594 $ 1,895,691
<br />38,306,851 35,953,541 2,353,310
<br />$ 92,162,136 $ 87,913,135 $ 4,249,001
<br />$ 47,254,551 $ 44,910,172 $ 2,344,379
<br />29,676,700 28,803,181 873,519
<br />1,802,365 1,760,306 42,059
<br />403,189 408,086 (4,897)
<br />13,025,331 12,031,390 993,941
<br />$ 92,162,136 $ 87,913,135 $ 4,249,001
<br />In total, the net position of the City's enterprise funds increased by $4,249,001 as presented in the table
<br />above. Capital contributions recognized and positive operating results contributed to the total overall
<br />increase in enterprise funds.
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