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<br />~ <br />r~! <br />~lL~ <br /> <br />City of Arden Hills . <br />April 14, 2006 <br />Page Fourteen <br /> <br />Enterprise Funds <br /> <br />Water Fund <br /> <br />The following is a summary of operations in the Water fund for the past three years: <br /> <br /> 2003 2004 2005 <br /> Amount Percent Amount Percent Amount Percent <br />Operating revenues $L115,163 ]00,0 % $ ] ,000,507 100,0 % $ 1,139,980 100,0 % <br />Operating expenses 1.093,342 98,0 1,201,108 120,0 1,321,076 115,9 <br />Operating <br />income (loss) 21,82] 2,0 (200,601) (20,0) (181,096) (15.9) <br />Nonoperating revenues 30,456 2,7 42,136 4.2 32.365 2,8 <br />Transfers in 49.432 4.4 <br />Change in net assets $ 101.709 9,) % $ (158,465) (15,8) % $ (148,73]) (13.1)% <br />Cash and . <br />cash equivalents $ 1.569,978 $ L104,910 $ 988.758 <br /> <br />WateT Fund Operations Summary <br /> <br />$1,600.000 <br />$1,400,000 <br />$ I ,200.000 <br />$1,000,000 <br />$800,000 <br />$600,000 <br />$400,000 <br />$200,000 <br />$- <br />$(200,000) <br /> <br /> <br />2003 <br /> <br />2004 2005 <br /> <br />. Operating revenues <br />,0 Change in net assets <br /> <br />. Operating expens.es III Nonoperating revenues <br />rJ Cash and cash equivaknts <br /> <br />The cash balance and operating margins have been sufficient to meet working capital and major repair needs. The <br />\Vater fund increased its rates by 15 percent in 2005. Another rate increase is planned in 2006 to cover operating <br />expenses. <br /> <br />. <br /> <br />952.835.9090 . Fax 952.835.3261 <br /> <br />www.aemcpas.eollJ <br />