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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 />2018 2019 2020 2021
<br />2022
<br />Utility enterprise funds
<br />Water
<br />Operating revenue $ 3,484,687 $ 2,138,209 $ 2,541,651 $ 3,057,474 $ 2,962,563
<br />Operating expenses 1,590,737 1,481,163 1,657,356 1,772,358 1,895,776
<br />Operating income $ 1,893,950 $ 657,046 $ 884,295 $ 1,285,116 $ 1,066,787
<br />Operating income as a percentage
<br />of operating revenue 54.4 % 30.7 % 34.8 % 42.0 % 36.0 %
<br />Sewer
<br />Operating revenue $ 2,182,944 $ 1,672,072 $ 1,714,469 $ 1,805,614 $ 1,876,957
<br />Operating expenses 1,523,670 1,628,839 1,723,238 1,742,380 1,947,356
<br />Operating income (loss)
<br />Operating income (loss) as a
<br />percentage of operating revenue
<br />Street Light
<br />Operating revenue
<br />Operating expenses
<br />Operating income
<br />Operating income as a percentage
<br />of operating revenue
<br />Recycling
<br />Operating revenue
<br />Operating expenses
<br />Operating income (loss)
<br />Operating income (loss) as a
<br />percentage of operating revenue
<br />$ 659,274 $ 43,233 $ (8,769) $ 63,234 $ (70,399)
<br />30.2 % 2.6 % (0.5) % 3.5 % (3.8) %
<br />$ 211,360 $ 217,169 $ 216,545 $ 222,364 $ 230,392
<br />160,952 171,619 169,463 178,576 172,765
<br />$ 50,408 $ 45,550 $ 47,082 $ 43,788 $ 57,627
<br />23.8 % 21.0 % 21.7 % 19.7 % 25.0 %
<br />$ 317,090 $ 319,940 $ 319,664 $ 440,097 $ 452,107
<br />380,055 380,192 366,764 507,067 514,231
<br />$ (62,965) $ (60,252) $ (47,100) $ (66,970) $ (62,124)
<br />(19.9) % (18.8) % (14.7) % (15.2) % (13.7) %
<br />Storm Water
<br />Operating revenue $ 1,057,705 $ 1,168,494 $ 1,164,868 $ 1,197,572 $ 1,230,582
<br />Operating expenses 573,878 588,224 777,252 715,349 791,605
<br />Operating income $ 483,827 $ 580,270 $ 387,616 $ 482,223 $ 438,977
<br />Operating income as a percentage
<br />of operating revenue 45.7 % 49.7 % 33.3 % 40.3 % 35.7 %
<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, 2022, with the exception of the Sewer Fund and the
<br />Recycling Fund.
<br />Overall operating revenues totaled $6,752,601 in 2022, compared to $6,723,121 in the prior year. An
<br />increase in households and approved rate adjustments, slightly offset by a decrease in consumption
<br />contributed to the change over the prior year. The significant change in operating revenues beginning in
<br />2019, was due to a reporting change to present developer connection fees as capital contributions. This
<br />reporting change primarily impacted the water and sewer utility operations. Overall operating expenses
<br />totaled $5,231,733 in 2022, compared to $4,915,730 in the prior year. Spending was up in personal
<br />services, sewer utility disposal charges, and depreciation, with an increase in population and households
<br />serviced by the City's utility system. Personal services increased with changes in state-wide pensions.
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