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<br /> <br />City ofCenterville <br />May 3, 2007 <br />Page Eleven <br /> <br />Enterprise Funds <br />Water Fund <br />The results of the operations and cash position of the Water fund for the past three years are as follows: <br /> Percent Percent Percent <br /> 2004 of Revenues 2005 of Revenues 2006 of Revenues <br />Operating revenues $ 193,938 100.0 % $ 235,299 100.0 % $ 273,996 100.0 % <br />Operating expenses 180,848 93.3 200,880 85.4 349,518 127.6 <br />Operating income (loss) 13,090 6.7 34,419 14.6 (75,522) (27.6) <br />Nonoperating revenues 121,098 62.4 94,843 40.3 93,295 34.0 <br />Capital contributions <br />from other funds/developers 372.232 191.9 39.108 16.6 485,988 177.4 <br />Transfers out (3,635) ( 1.9) (40,000) (19.9) <br />Transfers in 24,907 10.6 <br />Change in net assets $ 502,785 259.1 % $ 153,277 62.2 % $ 503,761 183.8 % <br />Cash and temporary <br />investments $ 856,731 $ 402,634 $ 541.512 <br />Bonds payable $ 177.000 $ $ <br /> Water Fund <br /> <br />$ J ,000,000 <br />$800,000 <br />$600,000 <br />$400,000 <br />$200,000 <br /> <br /> <br />..~.~ ... ,:>"; <br />, -~. ~-1 <br /> <br /> <br /> <br />:.;:..:-;. <br />~~~ <br />~"''''' <br />. ~.7.'" <br />'0.':":' <br /> <br />$- <br /> <br />2004 <br /> <br />2005 <br /> <br />2006 <br /> <br />. Operating revenues <br />I!l Nonoperating revenues <br />o Change in net assets <br /> <br />. Operating expenses <br />o Capital contributions from other funds <br />o Cash and temporary investments <br /> <br />The hook-up fees generate revenue for expansion of the system and are reported in the nonoperating revenues. These <br />fees have contributed to the majority of project costs over the last several years. The cash balance improved over the <br />prior year but we still recommend completing a thorough rate analysis to ensure that current charges will be sufficient to <br />cover the operating costs of the system. <br /> <br />952.835.9090 . Fax 952.835.:~261 <br /> <br />www.aemcpas.com <br />