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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 />2020 2021 2022 2023
<br />2024
<br />Utility enterprise funds
<br />Water
<br />Operating revenue $ 2,541,651 $ 3,057,474 $ 2,962,563 $ 3,574,961 $ 3,168,402
<br />Operating expenses 1,657,356 1,772,358 1,895,776 2,062,314 2,243,736
<br />Operating income $ 884,295 $ 1,285,116 $ 1,066,787 $ 1,512,647 $ 924,666
<br />Operating income as a percentage
<br />of operating revenue 34.8 % 42.0 % 36.0 % 42.3 % 29.2 %
<br />Sewer
<br />Operating revenue
<br />Operating expenses
<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 />$ 1,714,469 $ 1,805,614 $ 1,876,957 $ 1,994,465 $ 2,425,906
<br />1,723,238 1,742,380 1,947,356 2,209,802 2,411,209
<br />$ (8,769) $ 63,234 $ (70,399) $ (215,337) $ 14,697
<br />(0.5) % 3.5 % (3.8) % (10.8) % 0.6 %
<br />$ 216,545 $ 222,364 $ 230,392 $ 234,607 $ 242,950
<br />169,463 178,576 172,765 173,924 167,123
<br />$ 47,082 $ 43,788 $ 57,627 $ 60,683 $ 75,827
<br />Operating income as a percentage
<br />of operating revenue 21.7 % 19.7 % 25.0 % 25.9 % 31.2 %
<br />Recycling
<br />Operating revenue $ 319,664 $ 440,097 $ 452,107 $ 456,106 $ 468,514
<br />Operating expenses 366,764 507,067 514,231 527,182 549,993
<br />Operating income (loss) $ (47,100) $ (66,970) $ (62,124) $ (71,076) $ (81,479)
<br />Operating income (loss) as a
<br />percentage of operating revenue (14.7) % (15.2) % (13.7) % (15.6) % (17.4) %
<br />Storm Water
<br />Operating revenue $ 1,164,868 $ 1,197,572 $ 1,230,582 $ 1,252,659 $ 1,350,416
<br />Operating expenses 777,252 715,349 791,605 864,721 1,022,935
<br />Operating income $ 387,616 $ 482,223 $ 438,977 $ 387,938 $ 327,481
<br />Operating income as a percentage
<br />of operating revenue 33.3 % 40.3 % 35.7 % 31.0 % 24.3 %
<br />As displayed in the table above, each of the individual enterprise funds was able to report positive operating
<br />results for the year ended December 31, 2024, except for the Recycling Fund. However, nonoperating grants
<br />and investment earnings were sufficient to cover this deficit in the current year.
<br />Overall operating revenues totaled $7,656,188 in 2024, compared to $7,512,798 in the prior year. Increases
<br />in households and utility rates, along with more consumption, contributed to the change over the prior year.
<br />Overall operating expenses totaled $6,394,996 in 2024, compared to $5,837,943 in the prior year. Spending
<br />was up for personal services, sewer utility disposal and other service charges, and depreciation, with an
<br />increase in population and households serviced by the City's utility system.
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