08-28-1995 Council Packet - Laserfiche WebLink

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r r I I I I Water Oper -ATIN c ; Find The table below shows a summary of the Water Operating Fund financial results for the past five years. The operating losses experienced by this fund have remained fairly constant over this periixl of time. The increase in metered water sales and resulting improvement in operating results for 1994 is mainly due to rate increases effective January 1. 1994. The increa.se in nonoperating revenue in 1994 is basically the tax revenue levied to support debt repayment on the 1989 water and sewer revenue bonds. The majority of nonoperating expenses is interest on these revenue bonds. During 1994. the W'ater Operating Fund received $71,483 of residual equity from the 1980 Improvement Bonds Debt Service Fund. This transfer was directly recorded to coniributed equity and it Ls intended to be used to help finance the revenue bond debt. Water 1990 1991 H92 1993 1994 Mclcrcd water sales $ 159.289 $ 153.199 $ 169.470 $ 151.798 $199.208 Total operating revenue Total operating expenses $ 161..565 202.068 $ 157,152 200.912 $ 171.376 219.277 $ 15-5.126 198..527 $202.446 231.518 Operating loss Nonoperating rev enue Nonoperating ex peases Operating transfers in Net income (loss) Depreciati*'!! on coniribuied assets charged to opcratimis (40..W) I0.^.50.< (76.299) (43.760) 77.691 (77.013) (47.901) 50.315 (74.808) (43.401) 10.2.52 (70.143) 142.088 (29.072) 40.976 (64.691) $ (13.299) $ (43.082) $ (72.394) $ 38.796 $ (52.7S7) $ 33.329 S 33.329 $ 33.329 $ 33.329 $ .34.873 We have also indicated the amount of depreciation expense on contributed assets which is included in operating expenses. These are assets that were paid for by other funds which typically were financed by special a.s.ses.sments or taxes. In sc’me ca.ses. it is mn the intent of the City to entirely recover this depreciation through user charges. -9-