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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 />2019 2020 2021 2022
<br />2023
<br />Utility enterprise funds
<br />Water
<br />Operating revenue $ 2,138,209 $ 2,541,651 $ 3,057,474 $ 2,962,563 $ 3,574,961
<br />Operating expenses 1,481,163 1,657,356 1,772,358 1,895,776 2,062,314
<br />Operating income $ 657,046 $ 884,295 $ 1,285,116 $ 1,066,787 $ 1,512,647
<br />Operating income as a percentage
<br />of operating revenue 30.7 % 34.8 % 42.0 % 36.0 % 42.3 %
<br />Sewer
<br />Operating revenue $ 1,672,072 $ 1,714,469 $ 1,805,614 $ 1,876,957 $ 1,994,465
<br />Operating expenses 1,628,839 1,723,238 1,742,380 1,947,356 2,209,802
<br />Operating income (loss)
<br />$ 43,233 $ (8,769) $ 63,234 $ (70,399) $ (215,337)
<br />Operating income (loss) as a
<br />percentage of operating revenue 2.6 % (0.5) % 3.5 % (3.8) % (10.8) %
<br />Street Light
<br />Operating revenue $ 217,169 $ 216,545 $ 222,364 $ 230,392 $ 234,607
<br />Operating expenses 171,619 169,463 178,576 172,765 173,924
<br />Operating income
<br />$ 45,550 $ 47,082 $ 43,788 $ 57,627 $ 60,683
<br />Operating income as a percentage
<br />of operating revenue 21.0 % 21.7 % 19.7 % 25.0 % 25.9 %
<br />Recycling
<br />Operating revenue $ 319,940 $ 319,664 $ 440,097 $ 452,107 $ 456,106
<br />Operating expenses 380,192 366,764 507,067 514,231 527,182
<br />Operating income (loss) $ (60,252) $ (47,100) $ (66,970) $ (62,124) $ (71,076)
<br />Operating income (loss) as a
<br />percentage of operating revenue (18.8) % (14.7) % (15.2) % (13.7) % (15.6) %
<br />Storm Water
<br />Operating revenue $ 1,168,494 $ 1,164,868 $ 1,197,572 $ 1,230,582 $ 1,252,659
<br />Operating expenses 588,224 777,252 715,349 791,605 864,721
<br />Operating income $ 580,270 $ 387,616 $ 482,223 $ 438,977 $ 387,938
<br />Operating income as a percentage
<br />of operating revenue 49.7 % 33.3 % 40.3 % 35.7 % 31.0 %
<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, 2023, with the exception of the Sewer Fund and the
<br />Recycling Fund.
<br />Overall operating revenues totaled $7,512,798 in 2023, compared to $6,752,601 in the prior year. An
<br />increase in households and approved rate adjustments, along with more consumption contributed to the
<br />change over the prior year. Overall operating expenses totaled $5,837,943 in 2023, compared to
<br />$5,231,733 in the prior year. Spending was up in personal services, supplies, sewer utility disposal
<br />charges, and depreciation, with an increase in population and households serviced by the City's utility
<br />system.
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