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<br />~ <br />I~?;t <br />filL~ <br /> <br />Ci ty of Arden Hill, <br />Apri114,2006 <br />Page Fourteen <br /> <br />. <br /> <br />Enterprise Funds <br /> <br />Water Fund <br /> <br />The following is a summary of operations in the \Vater fund for the past three years: <br /> 2003 2004 2005 <br /> Amount Percent Amount Percent Arnowlt Percent <br />Operating revenues $ 1,115,163 100.0 % $ ],000,507 100.0 % $ 1,139,980 100,0 % <br />Operating expenses 1,093342 98,0 1,201,108 120.0 1.321,076 115.9 <br />Operating <br />income (loss) 21.821 2.0 (200,601) (20,0) (181,096) (15,9) <br />Nonoperating revenues 30,456 2.7 42.136 42 32,365 2.8 <br />Transfers in 49,432 4.4 <br />Change in net assets , IOL709 9.1 % $ (158,465) (15.8) % $ (148,731) (13.1) % <br />Cash and . <br />cash equivalents $ 1.569.978 $ 1.104,910 $ 988.758 <br /> <br />Water Fund Operations Summary <br /> <br />,I ,600,000 <br />$],400,000 <br />S1.200,000 <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 rev~nlles - <br />10 ChaoQe in net assets <br /> <br />. Operating expenses !ill Nonoperating revenues <br />o Cash ,md cash equivalents <br /> <br />The cash balance and operating margins have heen sufficient to meet working capital and major repair needs. The- <br />\Vater fund increased its rates by ! 5 percent in 2005. Another rate increase is planned in 2006 to cover operating <br />expenses. <br /> <br />. <br /> <br />%Vn;::'.9090 . Fax 952.8353261 <br /> <br />\\.I'\'\\..Ll~IlIC)la",.com <br />