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Water utility fund activity resulted in a $853,934 increase in net position, which is considerably higher than the planned
<br />increase of $184,800. This unplanned increase is a result of capital outlay expenses not shown as actual expenses in the
<br />fund, budgeted interfund loan not needed, and unbudgeted depreciation expense and capital contributions.
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<br />• Customer charges were under budget as a result of roughly 47 million gallons billed less than anticipated due to
<br />a summer watering ban, consistent rainfall, along with water conservation efforts of our customers. The
<br />increase from 2015 is due to a 35% price increase along with 2016 actual gallons billed were roughly 42 million
<br />gallons less than 2015.
<br />• Personnel services are under budget due to an accounting change to code actual time spent at the water
<br />treatment plant directly to fund 206.
<br />• Contractual services are under budget as a result of energy cost savings from the shut-down of the City wells.
<br />• Capital contributions include water improvements paid from the street improvements fund for the 2015, 2016
<br />street reconstruction projects along with developer contributions from the Exchange.
<br />• Total capital outlay (not shown in table) was $211,576 which included work done for Lions park, the 2015 and
<br />2016 street reconstruction projects. Delayed capital outlay projects included $373,400 for commercial water
<br />Water Utility Fund 2015
<br />Actual Budget Actual Variance Percent Dollars
<br />Operating revenues:
<br />Customer charges 1,481,426$ 2,012,000$ 1,888,488$ (123,512)$ 27.5%407,062$
<br />Late charges 34,508 27,000 28,295 1,295 -18.0%(6,213)
<br />Other charges 34,127 30,000 25,965 (4,035) -23.9%(8,162)
<br />Total operating revenue 1,550,061 2,069,000 1,942,748 (126,252) 25.3%392,687
<br />Operating expenses:
<br />Personnel services 615,315 605,700 573,312 32,388 -6.8%(42,003)
<br />Materials and supplies 173,486 125,500 122,042 3,458 -29.7%(51,444)
<br />Contractual services 873,563 959,000 875,039 83,961 0.2%1,476
<br />Depreciation 214,419 - 221,084 (221,084) 3.1%6,665
<br />Total operating expenses 1,876,783 1,690,200 1,791,477 (101,277) -4.5%(85,306)
<br />Operating income (loss)(326,722) 378,800 151,271 (227,529) -146.3%477,993
<br />Nonoperating activity
<br />Interest on investments 2,248 2,800 3,488 688
<br />Change in fair value of investments (612) - (946) (946)
<br />In-house engineering and Admin
<br />charges 221,190 200,900 108,031 (92,869)
<br />Intergovernmental - - 38,097 38,097
<br />Miscellaneous Revenue 7,295 25,000 - (25,000)
<br />Capital contributions 230,956 - 644,726 644,726
<br />Capital outlay - (1,222,700) - 1,222,700
<br />Transfer in 6,588 800,000 - (800,000)
<br />Transfer out (530,087) - (90,733) (90,733)
<br />Total nonoperating activity (62,422) (194,000) 702,663 896,663
<br />Change in net position (389,144) 184,800$ 853,934 669,134$
<br />Beginning net position 6,619,492 6,230,348
<br />Ending net position 6,230,348$ 7,084,282$
<br />2016 Change from 2015
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