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City of Centerville <br />March 28, 2012 <br />Page 12 <br />Sewer Fund <br />The results of operations and cash position of the Sewer fund for the past three years are as follows: <br />2009 2010 <br />Operating revenues <br />Operating expenses <br />Operating loss <br />Nonoperating revenues <br />Loss before contributions <br />and transfers <br />Transfers out <br />Change in net assets <br />Cash and temporary <br />investments <br />$1,200,000 <br />$1,000,000 <br />$ 800,000 <br />$600,000 <br />$400,000 <br />$200,000 <br />S(200,000) <br />$(400,000) <br />2011 <br />Total <br />Percent <br />Total <br />Percent <br />Total <br />Percent <br />$ 322,369 <br />100.0 % <br />$ 319,947 <br />100.0 % <br />$ 337,785 <br />100.0 % <br />440,936 <br />136.8 <br />422,596 <br />132.1 <br />438,610 <br />129.8 <br />(118,567) <br />(36.8) <br />(102,649) <br />(32.1) <br />(100,825) <br />(29.8) <br />82,101 <br />25.5 <br />60,832 <br />19.0 <br />51,431 <br />15.2 <br />(36,466) <br />(11.3) <br />(41,817) <br />(13.1) <br />(49,394) <br />(14.6) <br />(140,492) <br />(31.9) <br />- <br />- <br />- <br />- <br />$ (176,958) <br />(432) % <br />$ (41,817) <br />(13.1) % <br />$ (49,394) <br />(14.6) <br />$_1,046 290 $ 169,273 $ 222,280 <br />Sewer Fund Operations <br />111111 Operating revenues ll"' Operating expenses <br />111111 Nonoperating revenues 11111111 Change in net assets <br />111111111 Cash and teMj)orary investments <br />2009 2010 2011 <br />The Sewer fund continues to operate at a loss in 2011 but cash flow was positive since depreciation is approximately <br />$188 thousand of the total expenses.. The City needs to continue monitoring cash flow and review rates annually to aim towards <br />an operating income. <br />952.835.9090 • Fax 952.835.3261 <br />w w w.aemcpas. corn <br />