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City of Centerville <br />March 28, 2012 <br />Page 11 <br />Enterprise Funds <br />Water Fund <br />The results of the operations and cash position of the Water fund for the past three years are as follows: <br />2009 2010 2011 <br />Total Percent Total Percent Total Percent <br />Operating revenues <br />$ 298,999 <br />100.0 % $ <br />305,056 <br />100.0 % <br />$ 277,217 <br />100.0 % <br />Operating expenses <br />367,259 <br />122.8 <br />345,071 <br />113.1 <br />373,184 <br />134.6 <br />Operating loss <br />(68,260) <br />(22.8) <br />(40,015) <br />(13.1) <br />(95,967) <br />(34.6) <br />Nonoperating revenues <br />49,515 <br />16.6 <br />175,709 <br />57.6 <br />75,755 <br />27.3 <br />Income (loss) before <br />contributions and transfers <br />(18,745) <br />(6.2) <br />135,694 <br />44.5 <br />(20,212) <br />(7.3) <br />Transfers out <br />(229,121) <br />(76.6) <br />- <br />- <br />- <br />- <br />Change in net assets <br />$ (247,866) <br />__L82.8L % $ <br />135,694 <br />44.5 % <br />$ (20,212) <br />7.3L <br />Cash and temporary <br />investments $ 663,584 $ 961,881 $ 1,074,848 <br />Water Fund Operations <br />$1,200,000 <br />$1,000,000 <br />$800,000 <br />$600,000 <br />$400,000 <br />$200,000 <br />$(200,000) <br />S(400,000) <br />2009 2010 2011 <br />uuuuu Operating revenues uiiiiii Operating expenses <br />IIIIIIII Nonoperating revenues IIIIIIII Change in net assets <br />IIIIIIIIII Cash and temporary investments <br />The cash balance has increased over the prior year mainly due to positive cash flow from operations and an increase in special <br />assessment revenue. Rates are analyzed each year by staff. This is a good practice and should be continued. <br />952.835.9090 • Fax 952.835.3261 <br />w w w.aemcpas. corn <br />