|
<br />-15-
<br />WATER FUND
<br />
<br />The following graph presents five years of operating results for the Water Fund:
<br />2018 2019 2020 2021 2022
<br /> Oper Rev $2,256,859 $2,286,542 $2,316,891 $2,789,472 $2,823,414
<br /> Oper Exp Excl Dep $1,812,772 $1,945,021 $1,619,171 $1,749,217 $2,065,899
<br /> Oper Inc Before Dep $444,087 $341,521 $697,720 $1,040,255 $757,515
<br />$–
<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 /> $2,600,000
<br /> $2,800,000
<br /> $3,000,000
<br />Water Fund
<br />Year Ended December 31,
<br />
<br />The Water Fund ended 2022 with a net position of $10,350,785, an increase of $480,537, from the prior
<br />year. Of total net position, $7,551,386 represents the net investment in capital assets, leaving $2,799,399
<br />of unrestricted net position.
<br />
<br />Water Fund operating revenues were $2,823,414 for 2022, an increase of $33,942, due to increased rates.
<br />Operating expenses (excluding depreciation of $363,882) were $2,065,899, which represents an increase
<br />of $316,682. Expenses increased, largely due to an increase in the amount for water purchased from the
<br />City of Roseville, additional personal services, and other services and charges.
<br />
<br />Consumption will fluctuate from year-to-year based on many factors, including weather patterns and
<br />number of utility customers.
|