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<br />-13-
<br />WATER FUND
<br />
<br />The following graph presents five years of operating results for the Water Fund:
<br />
<br />2013 2014 2015 2016 2017
<br /> Oper Rev $2,271,072 $2,132,191 $2,099,242 $2,165,773 $2,127,452
<br /> Oper Exp, Excl Dep $1,679,255 $1,711,191 $1,579,215 $1,601,171 $1,921,138
<br /> Oper Inc Before Dep $591,817 $421,000 $520,027 $564,602 $206,314
<br />$–
<br /> $200,000
<br /> $400,000
<br /> $600,000
<br /> $800,000
<br /> $1,000,000
<br /> $1,200,000
<br /> $1,400,000
<br /> $1,600,000
<br /> $1,800,000
<br /> $2,000,000
<br /> $2,200,000
<br /> $2,400,000
<br />Water Fund
<br />Year Ended December 31,
<br />
<br />
<br />The Water Fund ended 2017 with a net position of $7,519,127, a decrease of $78,810 from the prior year.
<br />Of total net position, $6,719,621 represents the investment in capital assets, leaving $799,506 of
<br />unrestricted net position.
<br />
<br />Water Fund operating revenues were $2,127,452 for 2017, a decrease of $38,321. Operating expenses
<br />(excluding depreciation of $238,736) were $1,921,138, which represents an increase of $319,967.
<br />Expenses were up largely due to an increase in other services and charges and additional supplies and
<br />maintenance.
<br />
<br />Consumption will fluctuate from year-to-year based on many factors, including weather patterns and
<br />number of utility customers.
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