8D Consent Calendar 2019 0603 - Laserfiche WebLink

Home

Proprietary Funds The City's proprietary funds provide the same type of inf01mation found in the government-wide financial statements but in greater detail. The total net position of the enterprise funds was $52.8 million at the end on June 30, 2018, an increase of $1.2 million from the prior fiscal year. The total net position of the internal service funds was $11.8 million at the end on June 30, 2018, an increase of only $2.4 million from the prior fiscal year. Water Pollution Control Plant Enterprise Fund The Water Pollution Control Plant Enterprise Fund was established to account for the City's sewers, which protect public health and preserve water quality through collection, treatment, and disposal of wastewater and wastewater solids. As of June 30, 2018, the fund's net position totaled $50.6 million, an increase of nearly $500,000 or 1.0%. Shoreline Enterprise Fund The Shoreline Enterprise Fund was established in 2002-03 by combining the Marina Enterprise and the Golf Course Enterprise Funds. The fund accounts for the operation of recreational berthing, food service facilities, and the public golf course. As of June 30, 2018, the fund's net position totaled $1.1 million. Net position for the prior year was $97,122. This increase of $1.0 million is due to an improving and increasing annual operating income. Non-major Enterprise Funds The City's non-major enterprise funds include the Storm Water Utility and Environmental Services. Year over year, ending net position for non-major enterprise funds decreased by 19.3%, or $290,000. This decrease is solely due to the St01m Water Utility fund, which ends with a negative net position of $290,439. The fund had an operating loss of $356,000 for the year ending June 30, 2018. More information about these aggregate non-major enterprise funds can be found in the combining statements following the required supplementary info1mation. 14 479