City of Copperas Cove Annual Report 2013 City of Copperas Cove Annual Report 2013 : Page 15

Proprietary Funds Combining Statements of Revenues, Expenses & Changes in Net Assets As of August 31, 2013 Operating Revenues Charges for Services Miscellaneous Total Operating Revenues Nonoperating Revenues Investment Income Total Nonoperating revenues Total Revenue Operating Expenses Personnel Services Supplies and Materials Services and Charges Maintenance and Repairs Other Expenses Total Operating Expenses Water & Sewer $9,181,188 51,663 $9,232,851 $7,885 7,885 9,240,736 $1,630,942 219,725 3,535,412 244,859 3,517,678 $9,148,616 Solid Waste $3,111,359 24,347 $3,135,706 $2,047 2,047 3,137,753 $837,815 270,496 1,515,112 132,309 191,826 $2,947,558 Golf Course $237,481 37,237 $274,718 $--274,718 $230,744 36,987 91,450 44,050 20,666 $423,897 $12,530,028 113,247 $12,643,275 $9,932 9,932 99.0% 0.9% 0.1% 12,653,207 100.0% $2,699,501 21.6% 527,208 4.2% 5,141,974 41.1% 421,218 3.4% 3,730,170 29.8% $12,520,071 100.0% Revenues Charges for Services 99.0% Investm ent Income 0.1% Other Expenses 29.8% Expenses Personnel Services 21.6% Supplies and Materials 4.2% Miscella neous 0.9% Maintena nce and Repairs 3.4% Services and Charges 41.1% The Water and Sewer Fund, Solid Waste Fund, and Golf Course Fund are the three enterprise funds that the City of Copperas Cove utilizes to account for services provided to its citizens. Water and Sewer Fund : this fund provides for cost associated with providing clean, safe and reliable drinking water that protect the public health, aid in protecting the environment, provide fire protection, and ensure an adequate water supply exists to support the growing population and commercial customers. Solid Waste Fund : the City's accounting system has been established to account for all revenues earned in the process of providing solid waste collection, recycling and disposal services to the public. A new Single Stream Recycling program was launched in April 2013, currently is only available to area 8, and in the future will be available to all areas within the City. Golf Course Fund : the City continues to struggle to make this fund self-sustaining. It is very difficult to accomplish this goal due to several factors such as weather, high competition from surrounding cities, and limited budget available to invest in order to remain competitive with other golf courses in the Central Texas area. During FY 2013, the enterprise funds paid Principal and Interest in the amount of $3,730,170. City of Copperas Cove 2013 Annual Report Page 15

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