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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 />Operating Results - Fiscal Year Ended December 31,
<br />2016
<br />2017 2018 2019
<br />2020
<br />Utility enterprise funds
<br />Water
<br />Operating revenue $ 1,953,478 $ 2,772,003 $ 3,484,687 $ 2,138,209 $ 2,541,651
<br />Operating expenses 1,489,070 1,396,021 1,590,737 1,481,163 1,657,356
<br />Operating income $ 464,408 $ 1,375,982 $ 1,893,950 $ 657,046 $ 884,295
<br />Operating income as a percentage
<br />of operating revenue 23.8 % 49.6 % 54.4 % 30.7 % 34.8
<br />Sewer
<br />Operating revenue $ 1,458,250 $ 1,784,755 $ 2,182,944 $ 1,672,072 $ 1,714,469
<br />Operating expenses 1,438,141 1,535,664 1,523,670 1,628,839 1,723,238
<br />Operating income $ 20,109 $ 249,091 $ 659,274 $ 43,233 $ (8,769)
<br />Operating income as a percentage
<br />of operating revenue 1.4 % 14.0 % 30.2 % 2.6 % (0.5)
<br />Street Light
<br />Operating revenue $ 196,253 $ 204,418 $ 211,360 $ 217,169 $ 216,545
<br />Operating expenses 176,732 159,378 160,952 171,619 169,463
<br />Operating income $ 19,521 $ 45,040 $ 50,408 $ 45,550 $ 47,082
<br />Operating income as a percentage
<br />of operating revenue 9.9 % 22.0 % 23.8 % 21.0 % 21.7
<br />Recycling
<br />Operating revenue $ 308,052 $ 310,471 $ 317,090 $ 319,940 $ 319,664
<br />Operating expenses 359,418 373,775 380,055 380,192 366,764
<br />Operating income (loss) $ (51,366) $ (63,304) $ (62,965) $ (60,252) $ (47,100)
<br />Operating income (loss) as a
<br />percentage of operating revenue (16.7) % (20.4) % (19.9) % (18.8) % (14.7)
<br />Storm Water
<br />Operating revenue $ 1,034,552 $ 958,960 $ 1,057,705 $ 1,168,494 $ 1,164,868
<br />Operating expenses 742,043 633,101 573,878 588,224 777,252
<br />Operating income $ 292,509 $ 325,859 $ 483,827 $ 580,270 $ 387,616
<br />Operating income as a percentage
<br />of operating revenue 28.3 % 34.0 % 45.7 % 49.7 % 33.3
<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, 2020, with the exception of the Sewer and Recycling
<br />Funds. These losses were covered by nonoperating sources, including investment earnings and the county
<br />recycling grant.
<br />Overall operating revenues totaled $5,957,197 in 2020, compared to $5,515,884 in the prior year. An
<br />increase in consumption with more households and modest rate adjustments contributed to the change
<br />over prior year. The significant change in operating revenues beginning in 2019 was due to a reporting
<br />change to present developer connection fees as capital contributions. This reporting change primarily
<br />impacted the water and sewer utility operations. Overall operating expenses totaled $4,694,073 in 2020,
<br />compared to $4,250,037 in the prior year. Spending was up in all areas of personal services, supplies,
<br />service charges (including disposal charges), and depreciation, with an increase in population and
<br />households serviced by the City's utility system.
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