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City of Lake Elmo <br />February 17, 2006 <br />Page Fifteen <br />A three year comparison for the Sewer Utility fund follows: <br />Percent of <br />Percent of <br />Percent of <br />2003 <br />Total <br />2004 <br />Total <br />2005 <br />Total <br />Operating revenues <br />$ 15,462 <br />100.0 % <br />$ 23,158 <br />100.0 % <br />$ 32,381 <br />100.0 % <br />Operating expenses <br />38,372 <br />248.2 <br />49,079 <br />211.9 <br />44,503 <br />137.4 <br />Loss from operations <br />(22,910) <br />(148.2) <br />(25,921) <br />(111.9) <br />(12,122) <br />(37.4) <br />Nonoperating revenues <br />- <br />- <br />196 <br />0.8 <br />- <br />- <br />Loss before transfers <br />(22,919 <br />(148.2) % <br />(25,725) <br />111.1 % <br />(12,122) <br />37.4 <br />Cash and investments <br />$ 22,757 <br />$ 6,493 <br />$ 2,207 <br />Sewer Utility Fund <br />,�-)v,vvv <br />$45,000 <br />$40,000 <br />$35,000 <br />$30,000 <br />$25,000 <br />$20,000 <br />$15,000 <br />$10,000 <br />$5,000 <br />$(5,000) <br />2003 <br />2004 <br />2005 <br />■ Operating revenues <br />$15,462 <br />$23,158 <br />$23,158 <br />■ Operating expenses <br />$38,372 <br />$49,079 <br />$49,079 <br />■ Nonoperating revenues <br />$- <br />$196 <br />$- <br />❑ Cash and investments <br />$22,757 <br />1 $6,493 <br />1 $2,207 <br />The Sewer Utility fund experienced an operating loss in 2005, 2004 and 2003. These losses are significant based on the level <br />of operations. The cash balance has also been depleted. We recommend that the City review its rates to ensure that adequate <br />cash flow can be obtained. <br />952.835.9090 • Fax 952.835.3261 <br />www.aemepas.com <br />