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Copyright ©2013 HLB Tautges Redpath, Ltd.
<br />–Cash flow issues include:
<br />•Funds with negative balance at
<br />December 31, 2012 as follows:
<br />•Taking into account the funds with
<br />recurring cash flow issues the General
<br />Fund unassigned amount would
<br />decrease therefore lowering the
<br />40.75% to 31.72%.
<br />Management Letter
<br />9
<br />Recurring cash flow issues
<br />2013 Street Improvement Project ($192,915)
<br />Recycling Fund (16,435)
<br />HRA Fund (189,827)
<br />Capital Equipment Fund (23,182)
<br />($422,359)
<br />Long-term cash flow issue
<br />Internal Service Fund ($627,963)
<br />Copyright ©2013 HLB Tautges Redpath, Ltd.
<br />Water and Sewer Enterprise Fund:
<br />–W a t e r operations for the past six years is as
<br />follows:
<br />–T h e City implemented tiered water rates
<br />effective January 1, 2010. The City has
<br />increased water rates for 2012 and 2013.
<br />10
<br />Management Letter
<br />$ -
<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 />2007 2008 2009 2010 2011 2012
<br />Operating
<br />Expenses
<br />Operating
<br />Revenue
<br />Water
<br />Operations
<br />Revenue
<br />and
<br />Expenses
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