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$1,200,000 <br />$1,000,000 <br />$800,000 <br />$600,000 <br />$400,000 <br />$200,000 <br />Water Utility Cash Flow <br />2012 2012 Receipts <br />Disbursements <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 />2013 2013 Receipts 2014 2014 Receipts 2015 2015 Receipts <br />Disbursements Disbursements Disbursements <br />w Operating costs_ ■ Other (capital, interfund) ■ Operating receipts ' &Other (connections, intergovernmental, interest) _-1 <br />Water Utility Cash Reserve Target <br />2012 2013 2014 2015 <br />Unrestricted —*—Minimum target balance (35% of operating costs) <br />Some of the items with significant changes are highlighted below: <br />• Operating receipts (blue) were sufficient to cover operating costs (grey) with the exception of 2014, which was due to the <br />City's share of a joint project totaling $310,961 being funded through the Water fund. <br />• The Water fund received CDBG funds total roughly $422,000, which help offset some of the capital costs in the fund for <br />2014. <br />• The cash balance has increased roughly $220,000 to do less capital costs incurred during the year. <br />We recommend the City review rates annually to determine if operating revenues will cover operating costs and <br />future projects. <br />mo le <br />-f- PrOCC5S, <br />G, "'g <br />-11- \UtiIbcI', <br />