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MIJ City of Centerville <br /> March 20, 2013 <br /> FAII <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 /> 2010 2011 2012 <br /> Total Percent Total Percent Total Percent <br /> Operating revenues $ 319,947 100.0 % $ 337,785 100.0 % $ 375,103 100.0 % <br /> Operating expenses 422,596 132.1 438,610 129.8 433,792 115.6 <br /> Operating loss (102,649) (32.1) (100,825) (29.8) (58,689) (15.6) <br /> Nonoperating revenues 60,832 19.0 14,708 4.4 18,843 5.0 <br /> Loss before contributions <br /> and transfers (41,817) (13.1) (86,117) (25.4) (39,846) (10.6) <br /> Capital contributions from <br /> other funds /developers - - 36,723 10.9 94,062 25.1 <br /> Change in net position $ (41,817) 13.1 % $ (49,394) 14.5 % $ 54,216 14.5 % <br /> Cash and temporary <br /> investments $ 169,273 $ 222,280 $ 905,212 <br /> Sewer Fund Operations <br /> $1,000,000 <br /> $800,000 <br /> $600,000 <br /> $400,000 <br /> $200,000 <br /> $- <br /> $(200,000) <br /> 2010 2011 2012 <br /> ■ Operating revenues ■ Operating expenses ■ Nonoperating revenues <br /> ■ Change in net position ■ Cash and temporary investments <br /> The Sewer fund operated at a loss in 2012 but cash flow was positive. The significant increase in cash from the prior year is due <br /> to the repayment of the advances to other funds in prior years. The fund currently is owed $1,579,520 from other funds. A large <br /> percentage of total expense in this fund comes from depreciation. The City needs to continue monitoring cash flow and review <br /> rates annually to aim towards an operating income. <br /> 952.835,9090 • Fax 952.835.3261 <br /> www.aemepas.com <br /> 123 <br />