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Water utility fund activity resulted in a $389,144 decrease in net position, which is considerably lower than the planned
<br />increase of $334,800. This unfavorable decrease is due to customer charges less than budgeted of $117,574 due to
<br />weather condition conducive to lower irrigation needs, an unbudgeted $214,419 depreciation charge, $248,600 in
<br />miscellaneous materials and supplies, electricity, and chemicals needed to run City wells.
<br />Water Utility Fund 2014 2015 Change from 2014
<br />Actual Budget Actual Variance Percent Dollars
<br />Operating revenues:
<br />Customer charges
<br />Late charges
<br />Other charges
<br />Total operating revenue
<br />Operating expenses:
<br />Personnel services
<br />Materials and supplies
<br />Contractual services
<br />Depreciation
<br />Total operating expenses
<br />Operating income (loss)
<br />Nonoperating activity
<br />Interest on investments
<br />Change in fairvalue of investments
<br />In-house engineering and Admin
<br />charges
<br />Miscellaneous Revenue
<br />Capital contributions
<br />Capital outlay
<br />Transfer i n
<br />Transfer out
<br />Total nonoperating activity
<br />Change in net position
<br />Beginning net position, restated
<br />Ending net position
<br />$ 1,304,676
<br />$ 1,599,000
<br />$ 1,481,426
<br />$ (117,574)
<br />13.5% $
<br />176,750
<br />26,109
<br />21,300
<br />34,508
<br />13,208
<br />32.2%
<br />8,399
<br />28,917
<br />20,000
<br />34,127
<br />14,127
<br />18.0%
<br />5,210
<br />1,359,702
<br />1,640,300
<br />1,550,061
<br />(90,239)
<br />14.0%
<br />190,359
<br />599,356
<br />598,600
<br />615,315
<br />(16,715)
<br />2.7%
<br />15,959
<br />134,790
<br />84,700
<br />173,486
<br />(88, 786)
<br />28.7%
<br />38,696
<br />651,567
<br />679,600
<br />873,563
<br />(193, 963)
<br />34.1%
<br />221,996
<br />220,974
<br />-
<br />214,419
<br />(214,419)
<br />-3.0%
<br />(6,555)
<br />1,606,687
<br />1,362,900
<br />1,876,783
<br />(S13,883)
<br />16.8 %
<br />270,096
<br />(246,985) 277,400
<br />3,436 2,800
<br />14,487 -
<br />215,003 197,000
<br />3,331 3,400
<br />405,314 -
<br />- (145, 800)
<br />(1,718)
<br />(326,722) (604,122) 32.3% (79,737)
<br />2,248
<br />(552)
<br />(612)
<br />(612)
<br />221,190
<br />24,190
<br />7,295
<br />3,895
<br />230,956
<br />230,956
<br />-
<br />145,800
<br />6,588
<br />6,588
<br />(530,087)
<br />(530,087)
<br />639,853 57,400 (62,422) (119,822)
<br />392,868 $ 334,800 (389,144) $ (723,944)
<br />F 855 COR h 1;19 t192
<br />5 6,948,796 5 6,230,348
<br />As noted above, Customer charges were under budget due to roughly 60.3 million gallons billed less than
<br />anticipated due to a cooler summer with consistent rainfall along with water conservation efforts of our
<br />customers. The increase from 2014 is due to a price increase of 9.5% and although the amount sold for 2015
<br />was less than budgeted, there were roughly 26,700 million gallons billed above 2014.
<br />Materials and supplies are over budget due to supplies and chemicals needed to run our City wells.
<br />Contractual services increased by 34% and are over budget mainly due to the additional costs for electricity to
<br />run City wells.
<br />Capital contributions include water improvements paid from the street improvements fund for the 2014 and
<br />2015 street reconstruction projects.
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