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<br />WATER FUND
<br />
<br />The following graph presents five years of operating results for the Water Fund:
<br />
<br />2015 2016 2017 2018 2019
<br /> Oper Rev $2,099,242 $2,165,773 $2,104,639 $2,256,859 $2,286,542
<br /> Oper Exp, Excl Dep $1,579,215 $1,601,171 $1,921,138 $1,812,772 $1,945,021
<br /> Oper Inc Before Dep $520,027 $564,602 $183,501 $444,087 $341,521
<br />$–
<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 2019 with a net position of $8,228,211, an increase of $49,177 from the prior
<br />year. Of total net position, $7,046,791 represents the net investment in capital assets, leaving $1,181,420
<br />of unrestricted net position.
<br />
<br />Water Fund operating revenues were $2,286,542 for 2019, an increase of $29,683, due to increased rates.
<br />Operating expenses (excluding depreciation of $285,246) were $1,945,021, which represents an increase
<br />of $132,249. Expenses increased largely due to an increase in other services and charges, and personal
<br />services.
<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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