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<br />-13- <br />WATER FUND <br /> <br />The following graph presents five years of comparative operating results for the City’s Water Fund: <br />2019 2020 2021 2022 2023 <br />Operating Revenue $37,538 $16,042 $33,051 $26,330 $43,910 <br />Operating Expenses $55,212 $73,975 $36,958 $63,955 $49,576 <br />Oper Income (Loss)$(17,674)$(57,933)$(3,907)$(37,625)$(5,666) <br />Income (Loss) Before <br />Depreciation $(5,150)$(44,464)$9,562 $(24,156)$15,881 <br /> $(60,000) <br /> $(40,000) <br /> $(20,000) <br />$– <br /> $20,000 <br /> $40,000 <br /> $60,000 <br /> $80,000 <br />Water Fund <br />Year Ended December 31, <br /> <br /> <br />The Water Fund ended 2023 with a total net position of $557,574, a decrease of $10,445 from the prior <br />year. Of this, $637,406 represents the investment in capital assets, leaving unrestricted net position of <br />($79,832). <br /> <br />Operating revenue in the Water Fund increased $17,580 from the prior year. The increase is due to an <br />increase in consumption in the current year. <br /> <br />Water Fund operating expenses for 2023 decreased $14,379 from the previous year. The decrease was <br />mainly for costs to update the water supply plan in the prior year. <br />