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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 />2014 2015 2016 2017 2018
<br />$ 1,860,380 $ 2,045,225 $ 1,953,478 $ 2,772,003 $ 3,484,687
<br />1,221,211 1,278,204 1,489,070 1,396,021 1,590,737
<br />Operating income $ 639,169 $ 767,021 $ 464,408 $ 1,375,982 $ 1,893,950
<br />Operating income as a percentage
<br />of operating revenue 34.4 % 37.5 % 23.8 % 49.6 % 54.4 %
<br />Sewer
<br />Operating revenue $ 1,393,157 $ 1,392,101 $ 1,458,250 $ 1,784,755 $ 2,182,944
<br />Operating expenses 1,282,302 1,291,509 1,438,141 1,535,664 1,523,670
<br />Operating income $ 110,855 $ 100,592 $ 20,109 $ 249,091 $ 659,274
<br />Operating income as a percentage
<br />of operating revenue 8.0 % 7.2 % 1.4 % 14.0 % 30.2 %
<br />Street Light
<br />Operating revenue $ 188,185 $ 190,872 $ 196,253 $ 204,418 $ 211,360
<br />Operating expenses 161,733 178,666 176,732 159,378 160,952
<br />Operating income $ 26,452 $ 12,206 $ 19,521 $ 45,040 $ 50,408
<br />Operating income as a percentage
<br />of operating revenue 14.1 % 6.4 % 9.9 % 22.0 % 23.8 %
<br />Recycling
<br />Operating revenue $ 309,160 $ 307,128 $ 308,052 $ 310,471 $ 317,090
<br />Operating expenses 321,321 320,901 359,418 373,775 380,055
<br />Operating income (loss) $ (12,161) $ (13,773) $ (51,366) $ (63,304) $ (62,965)
<br />Operating income (loss) as a
<br />percentage of operating revenue (3.9) % (4.5) % (16.7) % (20.4) % (19.9) %
<br />Storm Water
<br />Operating revenue $ 706,135 $ 770,812 $ 1,034,552 $ 958,960 $ 1,057,705
<br />Operating expenses 509,709 557,267 742,043 633,101 573,878
<br />Operating income $ 196,426 $ 213,545 $ 292,509 $ 325,859 $ 483,827
<br />Operating income as a percentage
<br />of operating revenue 27.8 % 27.7 % 28.3 % 34.0 % 45.7 %
<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, 2018, 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 $7,253,786 in 2018, compared to $6,030,607 in the prior year.
<br />Increases for rate adjustments and new customers, as well as new connection charges, contributed to the
<br />overall growth compared to the prior year. Operating expenses were up from the prior year, with
<br />$4,229,292 in 2018 compared to $4,097,939 of spending incurred in 2017, or an overall increase of
<br />3.2 percent. The largest change in expenses was in depreciation, which was up $68,393 and spread across
<br />all of the utility operations.
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