Laserfiche WebLink
City of Centerville <br />March 24, 2011 <br />Page 13 <br />Sewer Fund <br />The results of operations and cash position of the Sewer fund for the past three years are as follows: <br />200820092010 <br />PercentPercentPercent <br />TotalTotalTotal <br />Operating revenues$312,403100.0%$322,369100.0%$319,947100.0% <br />Operating expenses388,502124.4440,936136.8422,596132.1 <br />Operating loss(76,099)(24.4)(118,567)(36.8)(102,649)(32.1) <br />Nonoperating revenues 123,04839.482,10125.560,83219.0 <br />Income (loss) before <br />contributions and transfers46,94915.0(36,466)(11.3)(41,817)(13.1) <br />Capital contributions from <br />other funds/developers212,22667.9---- <br />Transfers out--(140,492)(31.9)-- <br />Change in net assets$259,17582.9%$(176,958)(43.2)%$(41,817)(13.1)% <br />Cash and temporary <br />investments$1,472,675$1,046,290$169,273 <br />$1,600,000 <br />$1,400,000 <br />$1,200,000 <br />$1,000,000 <br />$800,000 <br />$600,000 <br />$400,000 <br />$200,000 <br />$- <br />$(200,000) <br />$(400,000) <br />200820092010 <br />Operating revenuesOperating expenses <br />Nonoperating revenues Capital contributions from other funds <br />Change in net assetsCash and temporary investments <br />The decrease in cash and in net assets is mainly due to interfund borrowing of $940 thousand to other City funds for <br />project costs.In total, the Sewer fund has borrowed $2 million to other funds over the past few years. Repayment terms <br />have been established for all agreements.Similar to the Water fund rates are reviewed annually. <br /> <br />