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<br />R <br />C <br />o <br /> <br /> <br />, i <br />I <br /> <br />city of Centerville <br />May 3, 2007 <br />Page Twelve <br /> <br />B <br /> <br />Sewer Fund <br /> <br />Ie <br />D <br />~ <br />B <br />~ <br />~ <br />~ <br /> <br /> <br /> Percent <br /> 2004 of Revenues 2005 <br />Operating revenues $ 254,694 100.0 % $ <br />Operating expenses 274,538 107.8 <br />Operating loss (19,844) (7.8) <br />Nonoperating revenues 122,643 48.2 <br />Capital contributions <br />from other funds'developers 15,117 <br />Transfers in 3,635 <br />Change in net assets $ 121,551 <br />Cash an~ temporary <br />investments <br />Bonds payable <br /> <br /> Percent <br /> 2006 of Revenues <br /> 100.0 % <br /> 119.8 <br /> (19.8) <br /> 44.2 <br /> 79.4 <br /> 0.0 . <br />$ 314,738 103.8 % <br />$ 2,187,926 <br />$ <br /> <br />o <br />i <br />~ <br /> <br />8 <br />[ <br />I[ <br />C <br />o <br /> <br />The results of operations and cash position of the Sewer fund for the past three y <br /> <br />IB <br /> <br />$2,500,000 <br /> <br />:e <br /> <br />2005 <br /> <br />onoperating revenues (expenses) <br />II Change in net assets <br /> <br />. Operating expenses <br />o Capital contributions from other funds <br />IE) Cash and temporary investments <br /> <br />The Sewer cash is very high compared with operating expenses but hook-up fees and an increase in rates have also been a <br />major factor in the increase. It is important that the City review rates to ensure that the revenue is sufficient to cover <br />operating expenses. As mentioned in the Water fund analysis, the hook-up fees and reported in the nonoperating <br />revenues and should be used for the expansion of the system. <br /> <br />952.835.9090 · Fax 952.835.3261 <br />www.aemcpas.com <br />