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Financial Results
<br />•Minimum unassigned fund balance net of interfund loans
<br />
<br />11
<br />2016 budget $6,921,304
<br />Less:
<br />Police services to other cities (1,306,052)
<br />Net 2016 budget 5,615,252
<br />Minimum balance (30-35%)30%
<br />City minimum working capital fund balance $1,684,576
<br />Unassigned amount available at 12/31/15 $2,338,600
<br />Less interfund loans (563,938)
<br />Net unassigned amount available at 12/31/15 $1,774,662
<br />Actual percent of net budget 31.60%
<br />Financial Results
<br />Water and Sewer Enterprise Fund:
<br />–Water operations for the past six years is as follows:
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<br />–The City increased water rates for 2015.
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<br />12
<br />$ -
<br />$50,000
<br />$100,000
<br />$150,000
<br />$200,000
<br />$250,000
<br />$300,000
<br />$350,000
<br />$400,000
<br />$450,000
<br />$500,000
<br />$550,000
<br />$600,000
<br />$650,000
<br />$700,000
<br />$750,000
<br />$800,000
<br />$850,000
<br />$900,000
<br />$950,000
<br />$1,000,000
<br />$ -
<br />$50,000
<br />$100,000
<br />$150,000
<br />$200,000
<br />$250,000
<br />$300,000
<br />$350,000
<br />$400,000
<br />$450,000
<br />$500,000
<br />$550,000
<br />$600,000
<br />$650,000
<br />$700,000
<br />$750,000
<br />$800,000
<br />$850,000
<br />$900,000
<br />$950,000
<br />$1,000,000
<br />2010 2011 2012 2013 2014 2015
<br />Operating Expenses
<br />Operating Revenue
<br />Water Operations
<br />Revenue and Expenses
<br />16
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