FY 2017 Budget Highlights

WATER/SEWER FUND – FY2016* STATEMENT OF REVENUE EXPENSE & CHANGES IN NET POSITION Operating Revenues Service charges 30,951,060 Nonoperating revenues (expenses) Investment earnings Delinquent fees Other revenues 91,049 1,520,372 Build America Bonds subsidy Interest expense 331,441 328,633 (4,681,546) Total operating revenues 32,562,481 Miscellaneous expense Gain/(loss) on capital assets Total nonoperating revenues (expenses) (4,021,472) Net income/(loss) before contributions and transfers (4,178,713) Operating Expenses Personnel services Operating expenses 8,852, 189 8,651,814 Capital contributions 20,000,000 Supplies 2,132,635 Transfers out Repairs and maintenance 3,224,875 Total contributions and transfers 20,000,000 Depreciation expense 9,858,209 Total operating expenses 32,719,722 Change in net position 15,821,287 Operating income (loss) (157,241) Net position - beginning of year Net position - end of year 491,788,366 $ 507,609,653 *FY16 Estimates as of March 31, 2016 92

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