2006-06-28 CC Packet - Laserfiche WebLink

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II Cjty of CertterviIle May 4, 2006 Page Twenty~One Sewer Fund The results of operations and cash position of the Sewer fund for the past three years are as follows: Bonds payable Percent Percent Percent 2003 ofRevenue~ 2004 of Revenues 2005 of Revenues $ 233,299 100.0 % $ 254,694 100.0 % $ 287,443 100.0 % 252,613 108.3 274,53& 107.8 351,133 122.2 (19,314) (8.3) (19,844) (7.&) ( 63,690) (22.2) 325,245 139.4 122,643 48.2 139,088 48.4 75,712 32.5 15,117 5.9 3,635 1.3 8,704 2.5 $ 381,643 163.6 % $ 121,551 47.6 % $ 84,102 28.7 % $ 1,999,018 $ 2,156,799 $ 2,025,827 $ 261,500 $ 223,000 $ Sewer Fund Operating revenues Operating expenses Operating loss Nonoperating revenues Capital contributions from other funds Transfers in Change in net assets Cash and temporary investments $500,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $- 2003 2004 2005 · Operating expenses------..-.-.-J o Capital contributions from other. funds. II Cash and temporary investments -~~-- . 1-<< . Operating revenues , . Nonoperating revenues (expenses) 1 . Change in net assets The Sewer cash is very high compared with operating expenses but hook-up fees and an increase in rates have also been a major factor in the increase. Itis important that the City review rates to ensure that the revenue is sufficient to cover operating expenses. As mentioned in the Water fund analysis, the hook-up fees and reported in the nonoperating revenues and should be used for the expansion of the system. 9S2.835.9090 . Fax 9."'12.835.3261 ww.....aem<1p1l5.COD1