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Water Utility Cash Flow <br /> $1,200,000 <br /> $1,000,000 <br /> $800,000 <br /> $600,000 <br /> $400,000 <br /> $200,000 <br /> $- <br />20112011 Receipts20122012 Receipts20132013 Receipts20142014 Receipts <br />DisbursementsDisbursementsDisbursementsDisbursements <br />Operating costsOther (capital)Operating receiptsOther (connections, intergovernmental, interest) <br /> <br />Water Utility Cash Reserve Target <br /> $1,400,000 <br />$1,288,411 <br />$1,210,365 <br /> $1,200,000 <br />$1,074,848 <br />$1,093,699 <br /> $1,000,000 <br /> $800,000 <br /> $600,000 <br /> $400,000 <br /> $200,000 <br /> $- <br />2011201220132014 <br />UnrestrictedMinimum target balance (35% of operating costs) <br />Some of the items with significant changes are highlighted below: <br /> <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 had decreased roughly $200,000 from 2012. <br /> <br />We recommend the City review rates annually to determine if operating revenues will cover operating costs and <br />future projects. <br /> <br />-11- <br /> <br />