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WATER FUND
<br /> The following graph shows the comparative operating results of the City's Water Fund over the last 5 years:
<br /> Water Fund
<br /> Year Ended December 31, 2025
<br /> $1,800,000
<br /> $1,600,000
<br /> $1,400,000
<br /> $1,200,000
<br /> $1,000,000
<br /> $800,000
<br /> $600,000 -
<br /> $400,000 i
<br /> $200,000
<br /> $-
<br /> 2021 2022 2023 2024 2025
<br /> �OperRev $1,459,780 $1,456,084 $1,459,121 $1,422,765 $1,672,709
<br /> OOperExp $1,016,188 $1,195,414 $1,343,218 $1,364,918 $1,506,811
<br /> Oper Inc $443,592 $260,670 $115,903 $57,847 $165,898
<br /> —Inc Before Dep $638,073 $446,851 $299,576 $230,834 $502,900
<br /> During fiscal 2025, the Water Fund reported an operating income of$165,898, compared to an operating
<br /> income of$57,847 in fiscal 2024. Consumption will fluctuate from year-to-year based on many factors,
<br /> including weather patterns and number of utility customers. Additional conservation measures on water
<br /> usage by citizens also impact water consumption. The City should continue to review utility rates during
<br /> its annual budget process to make sure an adequate, yet fair, rate is charged for the services provided. An
<br /> increase in consumption and base charges contributed to the change in operating revenue. Operating
<br /> expenses increased over the prior year with more depreciation of assets placed in service in the current year.
<br /> The Water Fund reported a negative unrestricted net position at the end of 2025. This was largely due to
<br /> ongoing improvements invested in the City's water infrastructure through the use of internal borrowing
<br /> from the Sewer Fund instead of using external financing options.
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