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WATER FUND
<br />The following graph presents five years of operating results for the Water Fund:
<br />Water Fund
<br />Year Ended December 31,
<br />$3,250,000
<br />$3,000,000
<br />$2,750,000
<br />$2,500,000
<br />$2,250,000
<br />$2,000,000
<br />$1,750,000
<br />$1,500,000
<br />$1,250,000
<br />$1,000,000
<br />$750,000
<br />$500,000
<br />$250,000
<br />2019
<br />2020
<br />2021
<br />2022
<br />2023
<br />O Oper Rev
<br />$2,286,542
<br />$2,316,891
<br />$2,789,472
<br />$2,823,414
<br />$3,054,674
<br />� OperExp Excl Dep
<br />$1,945,021
<br />$1,619,171
<br />$1,749,217
<br />$2,065,899
<br />$2,264,263
<br />Oper Inc Before Dep
<br />$341,521
<br />$697,720
<br />$1,040,255
<br />$757,515
<br />$790,411
<br />The Water Fund ended 2023 with a net position of $10,824,360, an increase of $473,575, from the prior
<br />year. Of total net position, $7,397,458 represents the net investment in capital assets, leaving $3,426,902
<br />of unrestricted net position.
<br />Water Fund operating revenues were $3,054,674 for 2023, an increase of $231,260, due to increased
<br />consumption. Operating expenses (excluding depreciation of $376,642) were $2,264,263, which
<br />represents an increase of $198,364. Expenses increased largely due to an increase in the amount for water
<br />purchased from the City of Roseville.
<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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