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Other capital outlay costs include water tower submersible pumps, well #12 maintenance and stage addition,
<br />WTP 3&4 backwash and 3A vessel rehabilitation.
<br />Beginning net position was restated due to the addition of a $329,304 net pension for GASB 68.
<br />Sewer utility fund activity resulted in a $228,156 increase in net position, which is more favorable than the planned
<br />increase of $164,700. This favorable result
<br />is due to a capital contribution of sewer infrastructure from the street
<br />improvements fund.
<br />Sewer Utility Fund
<br />2014
<br />2015
<br />Change
<br />from 2014
<br />Actual
<br />Budget
<br />Actual
<br />Variance
<br />Percent
<br />Dollars
<br />Operating revenues:
<br />Customer charges
<br />$ 2,472,850
<br />$ 2,690,800
<br />$ 2,704,136
<br />$ 13,336
<br />9.4%
<br />$ 231,286
<br />Late charges
<br />75,028
<br />60,000
<br />75,194
<br />15,194
<br />0.2%
<br />166
<br />Other charges
<br />5,570
<br />-
<br />26,065
<br />26,065
<br />368.0%
<br />20,495
<br />Total operating revenue
<br />2,553,448
<br />2,750,800
<br />2,805,395
<br />54,595
<br />9.9%
<br />251,947
<br />Operating expenses:
<br />Personnel services
<br />451,442
<br />461,400
<br />486,499
<br />(25,099)
<br />7.8%
<br />35,057
<br />Materials and supplies
<br />15,777
<br />22,200
<br />15,574
<br />6,626
<br />-1.3%
<br />(203)
<br />Contractual services
<br />2,038,406
<br />2,145,300
<br />2,148,402
<br />(3,102)
<br />5.4%
<br />109,996
<br />Depreciation
<br />81,225
<br />-
<br />89,185
<br />(89,185)
<br />9.8%
<br />7,960
<br />Total operating expenses
<br />2,586,850
<br />2,628,900
<br />2,739,660
<br />(110,760)
<br />5.9%
<br />152,810
<br />Operating income (loss)
<br />(33,402)
<br />121,900
<br />65,735
<br />(56,165)
<br />-296.8%
<br />99,137
<br />Nonoperating activity
<br />Interest on investments
<br />4,935
<br />800
<br />3,462
<br />2,662
<br />Change in fairvalue of investments
<br />19,643
<br />-
<br />(957)
<br />(957)
<br />Interest on assessments
<br />18,410
<br />-
<br />16,351
<br />16,351
<br />In-house engineering and Admin
<br />charges
<br />97,592
<br />92,000
<br />103,205
<br />11,205
<br />Intergovernmental
<br />76,242
<br />-
<br />-
<br />-
<br />Miscellaneous Revenue
<br />-
<br />-
<br />-
<br />-
<br />Capital contributions
<br />24,117
<br />-
<br />137,499
<br />137,499
<br />Capital outlay
<br />-
<br />(50,000)
<br />-
<br />50,000
<br />Transfer in
<br />-
<br />-
<br />-
<br />-
<br />Transfer out
<br />-
<br />-
<br />(97,139)
<br />(97,139)
<br />Total nonoperating activity
<br />240,939
<br />42,800
<br />162,421
<br />119,621
<br />Change in net position
<br />207,537
<br />$ 164,700
<br />228,156
<br />$ 63,456
<br />Beginning net position, restated
<br />2,814,803
<br />2,768,908
<br />Ending net position
<br />$ 3,022,340
<br />$ 2,997,064
<br />Customer charges increased primarily due to a 4.34% rate increase along with the new developments of the
<br />Exchange. Since sewer charges are billed based on winter averaging, this fund does not see the
<br />consumption variances as in the water utility fund.
<br />Building and equipment maintenance increased by 5.4% due to planned sewer repairs and a sewer lining
<br />project.
<br />Capital contributions include sewer improvements from the 2014 & 2015 street reconstruction projects.
<br />Beginning net position was restated due to the addition of a $253,432 net pension for GASB 68.
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