Town of Pittsboro Water & Sewer Analysis Presentation to the Town Board Monday, January 26, 2015 Town of Pittsboro - Board Presentation - January 26, 2015.

Slides:

Advertisements

Similar presentations

Rural Development Underwriting Program Consulting Engineers Training June, 2012.

Advertisements

Presentation to CITY OF PALM COAST, FLORIDA WATER AND WASTEWATER RATE STUDY AND BOND FEASBILITY REPORT Prepared in Conjunction with the Issuance of Utility.

Finance Committee Budget Overview April 26, 2010.

1 Warren County June 30, 2009 Audit Presentation Winston, Williams, Creech, Evans & Co., LLP Certified Public Accountants.

Copyright 2003 Prentice Hall Publishing Company1 Chapter 11 Financial Statement Analysis.

BAGIAN 3 The Analysis of Financial Statements. 2(C) 2004 Prentice Hall, Inc. The Analysis of Financial Statements This chapter will develop tools and.

Copyright © 2007 Prentice-Hall. All rights reserved 1 Completing the Accounting Cycle Chapter 4.

MSE608C – Engineering and Financial Cost Analysis

Proprietary Fund Operations For activities similar to profit-seeking businesses Provides goods and services on a fee or user charge basis Should be self-supporting.

Evaluating Financial Performance. The Key Questions: 1.Does the firm have the ability to meet maturing financial obligations? 2.Does management do a good.

The University of Texas at San Antonio FY10 Annual Financial Report Highlights January, 2011.

Accounting and Financial Decisions

The Statement of Cash Flows Cash, liquidity, and the cash flow cycle The cash flow statement preparing a cash flow statement –It’s as easy as 1,2,3.

Part 6 Financing the Enterprise © 2015 McGraw-Hill Education.

Presentation to CITY OF PALM COAST, FLORIDA WATER AND WASTEWATER RATE STUDY AND BOND FEASBILITY REPORT Prepared in Conjunction with the Issuance of Utility.

Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Financial Statement Analysis Chapter 14 McGraw-Hill/Irwin.

©2004 Prentice Hall Business Publishing Introduction to Financial Accounting, 3e by Werner/Jones4 - 1 Chapter 4 Income Statement and Statement of Owners’

Measuring Financial Performance 1 ENTREPRENEURIAL FINANCE.

Administrative Services EVANSTON ILLINOIS 2014 Year End Financial Report Martin Lyons Assistant City Manager / CFO March 16, 2015.

Accounting 11 Financial Statements COPY YELLOW TEXT.

Creating a Successful Financial Plan

Preparing an Income Statement LESSON 7-1.  An income statement reports financial information over a specific period of time, indicating the financial.

Financial Puzzle FINANCIAL STATEMENTS By PresenterMedia.com PresenterMedia.com.

Apply procedures for preparing corporate financial statements.

The Financial Statements Presentations for Chapter 2 by Glenn Owen.

Presented by: Cooper Cochran.  Provide a historical picture of your Company  Highlight your Company’s strengths and weaknesses  Identify potential.

Town of Nags Head 2009 Audited Financial Statements.

Using Financial Information and Accounting Chapter 14.

Part Chapter © 2009 The McGraw-Hill Companies, Inc. All rights reserved. 1 McGraw-Hill Understanding Financial Information and Accounting 1 Chapter 12.

APPA’s Financial Planning for Municipals Mark Beauchamp, CPA, CMA, MBA September 27, 2005 Business & Finance Workshop.

1 CHAPTER 6 THE INCOME STATEMENT: ITS CONTENT AND USE.

1 st Quarter 2015 Financial Report City Council Meeting June 11, 2015.

Town of Montreat 2014 Audited Financial Statements.

Part IV: Report and Measure Financial Results

Th 9 ©The McGraw-Hill Companies, Inc Foundations of Financial Management E D I T I O N N I N T H Irwin/McGraw-Hill Block Hirt 5 C H A P T E R FIVE.

Chapter 9 Objectives: Learn why governments engage in business activities Learn about proprietary funds Learn about the unique accounting issues of enterprise.

Chapter Thirteen Financial Statement Analysis McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.

Analyzing Financial Statements

Visualizing Financial Information The EFC Financial Dashboard Bill Jarocki, Director Environmental Finance Center Boise State University.

Using Financial Information and Accounting Chapter 14.

Financial management challenges faced by southeastern U.S. water utilities Shadi Eskaf Senior Project Director Environmental Finance Center.

Chowan County, North Carolina Annual Financial Report Fiscal Year Ended June 30, 2010.

Asset Structure Assets Cash on Hand and in Current Accounts 86 Deposits Maturing within one Month441 Balances with the Central Bank57 Government Debt Instruments412.9.

The Accounting Equation During 2007, Total Liabilities for XYZ Inc. increased $60,000 and Total Assets increased by $50,000. What changes must have occurred.

Core Financial Ratios and Composite Financial Index FY06 to FY13.

Department of Environmental Quality Water Infrastructure November 17, 2015 Water Infrastructure Funding to Financing.

Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Financial Statement Analysis K R Subramanyam John J Wild.

Best Practices in Utility System Management Stacey Isaac Berahzer Senior Project Director Environmental Finance Center at the University.

A Performance Monitoring Resource for Critical Access Hospitals, States, and Communities CAH Financial Indicators Report for Our Hospital CAH Financial.

Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Financial Statement Analysis Chapter 14 McGraw-Hill/Irwin.

Net Sales11,912,7-6,3 % Operating profit0,30,7-57,1 % Percentage of net sales2,55,5 Profit before extraordinary items0,30,8-62,5 % Percentage of net sales2,56,5.

Preparing Financial Statements. 2LESSON 7-1 INCOME STATEMENT INFORMATION ON A WORK SHEET page 182.

1 Additional Ratios (from textbook, Appendix 4B, and other sources)

FY2015 Annual Financial Report Operating Statement (SRECNP) Highlights January 2016.

Module C Financial Statement Analysis: Investing Activities.

Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.

City of East Point FY 2012 Budget Presentation. Comparison of FY11 vs. FY12 Budget Policies Proposal FY 11 TotalFY12 O&M Changes FY11 Current Budget 94,652,326.

Chapter 8 – Financial Statements for a Proprietorship

John Carroll University Faculty Forum

Profession of Accounting

© 2014 Cengage Learning. All Rights Reserved.

Analysis of Financial Statements

Module C Financial Statement Analysis: Investing Activities

Financial Audit Presentation Year Ended June 30, 2018

Department of Environmental Quality

Business Financial Records

FINANCIAL STATEMENTS Chapter 7.

5 Financial Analysis FIVE C H A P T E R Irwin/McGraw-Hill

Assessing Financial Condition

Assessing Financial Condition

Presentation transcript:

Town of Pittsboro Water & Sewer Analysis Presentation to the Town Board Monday, January 26, 2015 Town of Pittsboro - Board Presentation - January 26,

Town of Pittsboro - Water & Sewer Analysis - Enterprise Fund Account DescriptionFY 2008FY 2009FY 2010FY 2011FY 2012FY 2013FY 2014 Operating Revenues Water Sales 976,621 1,049,569 1,301,385 1,339,404 1,142,188 1,190,518 1,251,991 Sewer Charges 644, , ,116 1,086,046 1,008,534 1,034,394 1,134,271 Reuse Water Charges ,667 55,077 55,080 50,490 Reconnection Fees & Penalties 33,395 35,400 37,177 43,344 39,259 33,895 36,870 Miscelleneous 43,234 39,176 27,179 33,938 26,719 20,349 27,664 General Fund Balance Appropriation Total Operating Revenue 1,697,683 1,888,333 2,341,857 2,556,399 2,271,777 2,334,236 2,501,286 Operating Expenses Administrative 111, , , , , , ,633 Water Operations 571, , , , , , ,864 Sewer Treatment 551, , , , , , ,834 Public Utilities 395, , , , , , ,935 Depreciation 307, , , , , , ,000 Total Operating Expenses 1,937,756 1,837,923 2,229,208 2,403,938 2,565,282 2,555,504 2,740,266 Operating Income (Loss) (240,073) 50, , ,461 (293,505) (221,268) (238,980) Non-operating Revenues (Expenses) Interest Earned on Investments 112,088 29,479 4,861 5,779 4,895 3,261 2,199 Interest on Long-term Debt (100,973) (93,424) (84,859) (81,330) (73,681) (71,620) (55,535) Sale of Capital Assets ,574 - Water & Sewer Access Charges 294, , , , , ,983 Water & Sewer Capital Recovery Charges 142, Environmental Assessment Costs (54,075) Total Non-operating Revenue (Expenses) 394,132 76, , , , , ,647 Town of Pittsboro - Board Presentation - January 26,

Town of Pittsboro - Water & Sewer Analysis - Enterprise Fund Account DescriptionFY 2008FY 2009FY 2010FY 2011FY 2012FY 2013FY 2014 Income (Loss) before Capital Contributions & Transfers 154, , , , , ,667 Capital Contributions & Transfers - Capital Contributions from Developers - 185, Capital Contributions from Chatham County ,583,210 78, ,000 - Capital Contributions-NC Rural Ctr grant , , ,014 1,469 Capital Contributions- ARRA grant , , Capital Contributions- EPA 929, Capital Contributions- CDBG Grant ,400 12,600 Transfer to General Fund - (230,358) (241,013) (155,785) (154,805) (187,998) (12,000) Total Capital Contributions & Transfers - 189, ,076 3,171, , ,416 2,069 Change in Net Assets 154, , ,916 3,569, , ,363 92,736 Net Assets, Beginning of Year 7,617,718 7,771,777 8,088,059 8,806,975 12,376,075 12,748,592 13,672,955 Net Assets, End of Year 7,771,777 8,088,059 8,806,975 12,376,075 12,748,592 13,672,955 13,765,691 Fund Balance, Beginning of Year 3,086,436 2,694,855 2,165,779 1,962,644 1,863,433 1,719,337 1,384,055 Fund Balance, End of Year 2,694,855 1,955,510 1,962,644 1,863,433 1,719,337 1,384,055 1,177,278 Town of Pittsboro - Board Presentation - January 26,

Town of Pittsboro - Water & Sewer Analysis - Enterprise Fund Account DescriptionFY 2008FY 2009FY 2010FY 2011FY 2012FY 2013FY 2014 Total Margin Ratio Percentage Change in Net Assets2.02%4.07%8.89%40.53%3.01%7.25%0.68% Charge to Expense Ratio Debt Service Ratio Quick Ratio Net Asset Ratio Debt to Assets Ratio Capital Assets Condition Ratio(0.07)(0.09)0.01(0.39)(0.31)(0.22)(0.13) Town of Pittsboro - Board Presentation - January 26,

Town of Pittsboro Water & Sewer Analysis Enterprise FundActual BudgetedTo Date $ % ToVariance%Projected Account DescriptionFY 2015 DateTo DateVarianceFY 2015 Operating Revenues Water Sales 1,333, , ,493 82, %$1,200,132 Sewer Charges 1,136, , ,773 87, %$1,022,688 Reuse Water Charges 56,650 18,360 18, %$50,985 Reconnection Fees & Penalties 60,000 13,743 20,000 6, %$54,000 Miscelleneous 26,000 8,394 8, %$23,400 General Fund Balance Appropriation 219, , %$197,690 Total Operating Revenue 2,832, , , , % 2,548,895 Operating Expenses Administrative 233,953 62,319 77,984 15, %$233,953 Water Operations 985, , ,344 63, %$985,033 Sewer Treatment 619, , ,616 11, %$619,848 Public Utilities 517, , ,524 19, %$517,572 Debt Service 475,700 38, , , %$475,700 Depreciation %$320,400 Total Operating Expenses 2,832, , , , % 3,152,506 Operating Income (Loss) - (19,215) - 19, %-$603,611 Town of Pittsboro - Board Presentation - January 26,

Financial analysis indicates a rate increase is necessary to: ●Maintain sustainability ●Build fund balance for future capital improvements Town of Pittsboro - Board Presentation - January 26,

Engagement with UNC Environmental Finance Center ●Worked with EFC staff to analyze the impact of a rate increase and how it would affect the Town’s customers affordability. ●EFC tools – Water & WW Rates Dashboard and Affordability Model Town of Pittsboro - Board Presentation - January 26,