|
Elk River Municipal Utilities
<br /> May 6,2013
<br /> Page 5
<br /> Water Fund
<br /> The results of the Water fund are as follows:
<br /> Water Operations Summary
<br /> 2010 2011 2012
<br /> Total Percent Total Percent Total Percent
<br /> Operating revenues $ 1,913,661 100 % $ 1,832,817 100 % $ 2,265,142 100 %
<br /> Operating expenses 1,945,059 102 1,988,759 109 2,159,558 95
<br /> Operating income(loss) (31,398) (2) (155,942) (9) 105,584 5
<br /> Nonoperating revenues
<br /> (expenses) (62,705) (3) (6,622) - 3,353 -
<br /> Income(loss)before
<br /> contributions and transfers (94,103) (5) (162,564) (9) 108,937 5
<br /> Capital contributions-developer
<br /> infrastructure and connection fees 460,534 24 195,853 II 174,607 8
<br /> Capital contributions from other funds - - - - 218,845 10
<br /> Transfers from City 17,914 I 312,823 17 1,372 -
<br /> Transfers to City (25,000) (1) (25,000) (I) (40,828) (2)
<br /> Change in net position $ 359,345 18 % $ 321,112 I % $ 462,933 I I %
<br /> Cash and
<br /> temporary investments $ 2,793,142 $ 2,619,574 $ 3,254,530
<br /> Bonds payable,net of premium $ 4,112,950 $ 3,635,131 $ 3.143,313
<br /> $4,500,000 -
<br /> $4,000,000
<br /> $3,500,000
<br /> $3,000,000
<br /> $2,500,000
<br /> Illn52,000,000
<br /> 51,500,000
<br /> $1,000,000
<br /> S500,000
<br /> •
<br /> S-
<br /> • .
<br /> 2010 2011 2012
<br /> •Operating revenues •Operating expenses s Cash •Bonds
<br /> 952.835.9090 • Fax 952.835.3261
<br /> www.aemcpas.com
<br />
|