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City of Elk River
<br /> May 17,2013
<br /> Page 14
<br /> Sewer Fund
<br /> The following is a summary of operations in the Sewer fund for the past three years:
<br /> 2010 2011 2012
<br /> Total Percent Total Percent Total Percent
<br /> Operating revenues $ 1,483,120 100.0 % $ 1,495,350 100.0 % $ 1,533,851 100.0 %
<br /> Operating expenses 1,922,183 129.6 2,095,422 140.1 2,210,953 144.1
<br /> Operating loss (439,063) (29.6) (600,072) (40.1) (677,102) (44.1)
<br /> Nonoperating revenues 7,023 0.5 36,244 2.4 22,151 1.4
<br /> Contributions-connection fees 242,230 16.3 286,466 19.2 316,309 20.6
<br /> Capital contributions (1,724) (01) - - 199,214 13.0
<br /> Transfers out (65,000) (4.4) (90,000) (6.0) (175,156) (11.4)
<br /> Change in net position $ (256,534) (17.3) % $ (367,362) (24.5) % $ (314,584) (20.5)
<br /> Cash and investments $ 4,550,144 $ 5,007,654 $ 5,287,842
<br /> Bonds payable $ 1,065,000 $ 905,000 $ 735,000
<br /> Sewer Fund Operations Summary
<br /> $6,000,000
<br /> $5,000,000
<br /> $4,000,000
<br /> $3,000,000
<br /> $2,000,000
<br /> $1,000,000
<br /> $-
<br /> $(1,000,000)
<br /> 2010 2011 2012
<br /> ■Operating revenues ■Operatlnff expenses ■Operatlna loss ■Chanize in net position ■Cash and investments
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<br /> 952.835.9090 • Fax 952.835.3261
<br /> www.aemepas.com
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