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<br />WATER FUND
<br />
<br />The following graph presents five years of operating results for the Water Fund:
<br />
<br />2014 2015 2016 2017 2018
<br /> Oper Rev $2,132,191 $2,099,242 $2,165,773 $2,104,639 $2,256,859
<br /> Oper Exp, Excl Dep $1,711,191 $1,579,215 $1,601,171 $1,921,138 $1,812,772
<br /> Oper Inc Before Dep $421,000 $520,027 $564,602 $183,501 $444,087
<br />$–
<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 />The Water Fund ended 2018 with a net position of $8,179,034, an increase of $659,907 from the prior
<br />year. Of total net position, $7,190,606 represents the net investment in capital assets, leaving $988,428 of
<br />unrestricted net position.
<br />
<br />Water Fund operating revenues were $2,256,859 for 2018, an increase of $152,220 due to increased rates.
<br />Operating expenses (excluding depreciation of $260,017) were $1,812,772, which represents a decrease
<br />of $108,366. Expenses were down largely due to a decrease in other services and charges and supplies
<br />and maintenance.
<br />
<br />The Water Fund also received $500,000 in capital contributions in the current year for a watermain
<br />project.
<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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