2006-06-28 CC Packet - Laserfiche WebLink

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I City of Centerville May 4, 2006 Page Twenty Enterpris~ Funds Water Fund The results of the operations and cash position of the Water fundfor the past three ye~ areas follows; Percent Percent Percent 2003 of Revenues 2004 of Revenues 2005 of Revenues $ 195,229 100.0 % $ 193.,938 100.0 % $ 220,199 100.0 % la6,808 95.7 180,848 93.3 200,880 91.2 8,421 4.3 13,090 6.7 19,319 8.8 432,635 221.6 121,098 62.4 109,943 49..9 194,929 99.8 372,232 191.9 39,108 17.8 (3,635) (2.0) (40,000) (19.9) 24,907 11.3 $ 635,985 325.7 % $ 502,785 259.0 % $ 153,277 67.9 % $ 1,356,310 $ 856,731 $ 402,634 $ 208,500 $ 177.000 $ Water Fund Operating revenues Operating expenses Operating income Nonoperating revenues Capital contributions from other funds Transfers out Transfers in Change in net asSets Cash and temporary investments 'Bonds payable $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $- 2003 2004 2005 ,_ Operating revenues I._ NOl1operating revenues I ~ Chan~_~~~et assets -1 _ Operating expenses ; I::J Capital contributions from other funds\ II CasE.~d temporary investments I The hook-up fees generate. revenue for expansion of the system and are reported in the nonoperating revenues. These fees have contributed to the majority of project costs over the last several ye.ars. Since the cash balance has decreased so significantly over the past three years it will be important to complete a thorough rate analysis to ensure that current charges will be sufficient to cover the operating costs of the system. 952.835.9000 "Fall. 952.$35.3261 www.aemcpas.com