annual report - helix water districtstudents attended a ms. smarty plants assembly in 2017-18...
TRANSCRIPT
Annual Report
Fiscal Year 2017-18 July 1, 2017 - June 30, 2018
Setting standards of excellence in public service
HELIX WATER DISTRICT
Photo: Archimedes Screw at R.M. Levy Water Treatment Plant
BOARD OF DIRECTORS
Joel A. Scalzitti Division 5 Director
Kathleen Coates HedbergDivision 4 Director Board President
Daniel H. McMillan Division 1 DirectorVice President
DeAna R. VerbekeDivision 2 Director
Mark GracykDivision 3 Director
OUR MISSION
Helix Water District is a progressive industry leader, providing high- quality water, through an efficient and reliable system. Our innovative and dedicated employees and board members maximize human and technological resources, while providing superior service to our customersand supporting the environment for a sustainable future.
CONTENTS
2 Board of Directors
3 BoardPresident’sLetter
4 Our Customers
6 General Manager’s Report
10 Our Employees
12 Our Infrastructure
13 Water Supply
14 Water Quality
15 Water Reliability
16 Engineering
17 Administration
18 Financial Statements
Boardmembers with 2017 Transparency Award from the California Special DistrictsAssociation
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A MESSAGE FROM THE BOARD PRESIDENT
ThisisHelixWaterDistrict’sannualreportforfiscalyear2017-18--July 1, 2017 to June 30, 2018. It has been a year of challenges, growthand achievement for Helix, and this report highlights our performance
and results.
Asalong-timememberoftheboard,Iseethecontinuousimprovementsat the district and I want our customers to see them, too. From new online paymentoptions,toaward-winningcommunicationsandfinancialmanagement,this district works hard to provide our customers with exemplary service, and tobearesourceandagoodneighbor.Gettingitrightisimportantbecauseweareavitalpartofthecommunitiesweserve.It’sabigresponsibility,andHelix employees live up to it everyday, just as they have for decades.
This board takes very seriously our responsibility to the customers we represent, and our responsibility as stewards of the water and infrastructure on which we all depend. I want to thank my fellow board members andevery one of the district’s employees for the role they each played inmaking2017-18anoutstandingyear.
Kathleen Hedberg PE, MPHBoard President
2017-18 Highlights
Fletcher Hills 2 Pump Station project completed
Phase 1 of Munis financial software project launched
20 charging stations for hybrid and electricvehicles installedThrough SDG&E’s Power Your Drive program
$12.5 millioninvested in capitalprojects
15% of water supply from localsuppliesReducing imported water costs by $2.6 million
100% compliancewith water quality standardsU.S. EPA and state of California standards
$88 million budget for operating and capital project costs
Average customerwater use 98 gallonsper person per day
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Our Customers in 2017-18
500,000Population(est.)servedbyHelix’sR.M. Levy Water Treatment Plant
274,526PopulationservedbyHelix’swaterdistributionsystem
Helix’s water treatment plant is a regional facility upgraded in partnership with the San Diego County Water Authority in 2002 to serve neighboring water agencies in East County.
Helixprovidesdrinkingwaterforthecitiesof El Cajon, La Mesa and Lemon Grove, the community of Spring Valley and parts of Lakeside.
Single-Family Homes / 48%
Multi-Family Homes / 32%
Commercial / 12%
Irrigation/ 6%
Govt / 2%
Helix WD 30,258 AF
Otay WD 8,916 AF
Padre Dam MWD5,155 AF La
kesi
de W
D 2,
842
AF
2017-18 Water DemandBy water districtAF=Acre-Feet
2017-18 Water DemandBy Helix customer type
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Our 2017 Customer SurveyThe district conducted its latest customer survey in October 2017, reaching out to 30,000 customersbyemailandrequestingthattheycompletea10minuteonlinesurvey.Theboardrequested the survey and the district contracted with Probe Research, which worked closelywiththeboardandstafftodevelopthequestions.Thefullresultsofthesurveyareavailableathwd.com/key-documents.
2,366Customers responded
39%Responded on a smartphone
RESPONDENTS
53%Were 55 years or older
90%Owned their home
63%Drink Helix tap water
WATER QUALITY
78%Aresatisfiedtoneutralwith the quality of Helix’s water
74%Felt that Helix water was an excellent or good value
THE VALUE OF WATER
91%Willcontinueconservingwaternow that the drought is over
76%SatisfiedwithHelix’squalityof service
OVERALL SERVICE
84%SatisfiedwithinteractionswithHelixstaff
ENGAGING WITH HELIX
57%Of customers who visited The WaterConservationGardenusedwhat they learned in their own landscape
50%Nearly 50 percent of respondents had visited Lake Jennings
Top 4Customer interests:
1. Water quality2. How water costs are derived3. The water treatment process4.Waterconservationadvice
Top 4 Customerinformationsources:
1. Helix’s website2. Water bill inserts3.Helix’snewsletter4. Water bill envelope messages
68%Already, or would prefer to, receiveatextoremaillettingthem know their water bill is available online
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Investmentsdefined2017-18atHelixWaterDistrict.Weareadaptingtoachangingclimate,changing technology and a changing workforce,
andevaluatinginvestmentstoensurethesustain-ability of East County’s water supply.
I want to thank Helix’s board, management and employeesfortheirexpertise,theirthoughtfulandrigorousanalysis,andtheirimplementationand project management skills. This, of course, iskeytomaximizingtheopportunitiesandminimizing the risk associated with each invest-ment we consider on behalf of our customers. Thesedecisionscouldnotbeinbetterhands.
Beforediscussingtheinvestmentsthatdefinedthe past year, I also want to thank customers who completed our latest customer survey. I was pleased to see that customers think highly of our service.
The survey provided valuable feedback regarding potentialinvestmentsinautomatedwatermetersandmonthlywaterbills,anditconfirmedthatouroutreach program is on the right track. We are
Carlos V. Lugo, General Manager General Manager’s Report
providingtheinformationthatcustomerswant,andtheyarefindingitinpersonatdistrictevents,onthedistrict’snewwebsite,andinnewslettersandenvelope messages.
Investing in Water SuppliesIn April 2018, the board of Metropolitan Water District of Southern California approved a $10.4 billion investment in the California WaterFix, a $16.7 billion plan to construct two tunnels under the Delta to deliver water from the Sacramento River to Central and Southern California.
The goal of the project is to capture water when California experiences a wet winter. Climate studies predict that we will experience long, dry periods in the future, interrupted by short, wet periods. Thelastfewyearsmayhaveofferedapreview:theSierrasnowpackin2016-17was159percentof average and ended one of the most severe droughtsinCalifornia’shistory,butdryconditionsreturnedin2017-18.
MWD will allocate the project costs across South-ern California households, and Helix customers, through their water rates. They expect the project to begin delivering water in 2033.
It’s important to note that Helix already invests in a sustainable future through the wholesale water rates we pay to the San Diego County Water Authority. Helix and the Water Authority’s other memberagenciesactivelyadviseandmanagetheseinvestments,andthebenefitsareclear.Throughoutfiveyearsofdrought,SanDiegoCounty had the water it needed to meet the region’s demand.
Investing in InfrastructureHelix’s engineering department designed and bid 32,150 feet of infrastructure projects last year, andcompletedconstructionon10projects.Ourcontinuedinvestmentinthedistrict’swatertreatmentanddistributionsystemsisaninvest-ment in a safe and reliable water supply.
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Left:LoweringnewaluminumroofontotheSouth Rim Tank.
Right:OfficialsfromLemonGrove,LaMesa andEl Cajon join President Hedberg and Directors Gracyk and McMillan to recognize Helix’s new chargingstations.
Investing in Energy EfficiencyWe spent $2.2 million on electricity in 2017-18,primarilytopumpwaterthroughoutourdistributionsystemtothe275,000peoplewe serve.
Controlling our energy costs is a priority. We maintainoperationsanddesignstandardsthat reduce energy demand during peak periods when SDG&E’s charges are higher, andwecontinuallyevaluateopportunitiestoreplaceinfrastructurewithenergyefficientsolutions.
$0Cost to install 20 charging stations
POWER YOUR DRIVE PROGRAM
$29,000Rebates received onvehicles in two years
75Avg. miles per gallonfor each Toyota Prius
$1,000Annual fuel savingsfor each Toyota Prius
Wepurchase90percentofourelectricitythrough the state of California’s Direct Access program, allowing us to partner with an electric service provider that can purchase energy on theopenmarketandsecurelowertariffsthanSDG&Eoffers.In 2017-18,wesaved18percentonenergycosts,andby2020,one-thirdoftheenergy we purchase through the program will be renewable.
In2017-18,HelixalsopartneredwithSDG&E’sPower Your Drive program, which funded the installationof20electricvehiclechargingstationsatthedistrict’soperationscenterinElCajonandadministrationofficeinLaMesa.Wepurchasedsix hybrid electric vehicles over the past two yearsandawaittheavailabilityofhybridlight-duty trucks.
“Each new electric vehicle reduces operational expenses, creating cost savings for our ratepayers.”Kevin D. MillerDirectorofOperations
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Investing in TechnologyTwenty-oneemployeeswereinvolvedinthedevelopmentandimplementationofHelix’sfinancialsoftwaresystemsandGISprojectsin2017-18--Phase2ofathree-phasesystemsupgradetoimprovecustomerservice,reliabilityandemployeeproductivity.
Jul 2018Go Live: Tyler Munis Phase 1FinancialsGeneral BillingBudgetingCAFR BuilderPurchasing(PurchaseOrders)InventoryAccounts PayableseProcurementProjects(WorkOrders)Bid ManagementContract Management
Apr 2019Go Live: Tyler Munis Phase 2Human ResourcesPayrollGIS
Dec 2020Go Live: Asset Management
23%2017-18 increase in customers payingtheir water bill by text message or email
FINANCIAL SOFTWARE SYSTEMS UPGRADE
“Our vendors tell us that projects of this size always include delays and mistakes. But not at Helix. I could not be more proud of our project team.”Quince S. Lunde Project Manager
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Investing in Our CustomersAs this district prepares for the future, we want our customers to prepare, too. This is whyweinvestincommunity,conservationandeducation.HelixWaterTalks,forexample,are an opportunity for Helix customers and employeestomeet,askquestionsandexplore what we do.
Aprimarythemeinourpost-eventsurveysisthat customers are surprised and impressed by the scale and complexity of our water treatmentanddistributionsystems,andtheknowledge and passion of our employees.
Not surprisingly, our employees enjoy meetingcustomers,aswell,andthedistrictisnowhostingopenhouseswhencapitalprojects are completed, to meet neighbors and give them a project tour.
This is how our customers and their water utilitygettoknoweachother,shareconcernsand discuss the future. From where I stand, nothing is more important than this.
Carlos V. Lugo General Manager
2Helix Water Talks eventsin 2017-18
464 Blog and social media posts in 2017-18
131Home water use evaluationsin 2017-18
274Residential rebates in 2017-18
2,593Students toured our treatment plant in 2017-18
3,475Students attended a Ms. Smarty Plants assembly in 2017-18
CONSERVATION and COMMUNITY
Top: Helix Water Talks tour group in the chemistry lab at the R.M. LevyWater Treatment Plant.Bottom:LandscapedesignedandbuiltbyCareyHultgrenandPaulGeldbachof La Mesa won Helix’s 2018 WaterSmart Landscape Contest.
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10 YEARS OF CUSTOMER WATER USEIngallonsperpersonperday(GPCD)
1272008-09
1062009-10
1112010-11
1092011-12
1142012-13
1172013-14
1032014-15
892015-16
942016-17
982017-18
Our Employees in 2017-18
Jerry AndradeSonya AndrewsLorriAnnettAneld AnubMarquettaAytesNadir BaigDan BakerManny BarronJesseBartlett-MayChris Beauchamp Michelle BerensMorgan BlakeAshley BondJeremy BooneEddie BrisendineRusty BrownJeffBrownJennifer BryantDevon BullockCheree BurtonCasey CableJoe CampbellRobyn ChambersJohn CidJim ConderDebbie CopherCindy CovarrubiasCarlos CruzMichelleCurtisVince DambroseMadalyn DartAngela DeeganLonny DillSam DillmanSusen DoubravaRasheda EatmonDoug Emery
Al EndozoJoseph FenickEric FocklerSue FoxNancy GarciaJoe GarubaBilly GastonRichard GilroyDon GingrichEddie GonzalezJesus GonzalezTim GrayScottGroggKolton GustafsonMichaelGutierrezSandy GutkowskiKira HaleyCliffHallScottHamrenCourtney HernandezMike HerreraTy HoranEric HughesGarrettHurstRob JacquotKyle JamesSandy JanzenGreg JonesJessica KadingKarah KingsburyJoy KleberStan KrutePaul LaFalceMary LammBrian LawlerDoug LeMastersSlade Livermore
Carlos LugoQuince LundeDebbie LundyLarry LyfordAlicia MaciasJeffMacMasterDana MaganaOliver MalkinCharles MarshburnGaryMartinezRobert MastersonMike MaynardChris McRaeGeoffMentaJonathan MenzieKevin MillerRobert MineoRita MooneyDave MooreJason MooreMiguel MorenoSeth MrowkaMelvin MurrayShaunNaffzigerIvanNaputiJohn NerioJaime OkewoleBrian OlneyJames PaceSam PachecoHenry PalechekTommy PearceMike PepinCarlos PerdomoIsrael PerezAlicia PetersonJeffPhillips
Junior PilarEllen PiscatelliTracy PowellTravis PowellJeffRauhDavid ReaganByron RichardsonGary RichardsonMike Ringelspaugh Christy RinkDavis RobbinsMarcusRobertiEmily RogersJohn RomeroVictor RomeroChris RosenboomTim RossGabriel RuizGavin RunyonJim RussellMike RussellPat RutanLouie SalasPhil SampleSarah SampleJoelScalzittiMilica SchipperMikeSchuffCameronScottDamon SilvaMark SlagleMike SloanRyan SmithAnne SolanoCristinaSotoGlenn SpanglerPete Spangler
Thomas SpeerKevin SullivanDarrin TeisherFrancine Thompson Richard ThompsonErik TolhurstJim TomasuloMike UhrhammerRebecca VanegasTony VielguthEarl VoogdChris WalterChris WatkinsMelissaWattBryanWatteJohn WilsonMattYantosJoe YoungMarlene YoungCindy Ziernicki
30 YearsSue FoxRichard Gilroy
20 YearsBilly GastonLarry Lyford
15 YearsGreg Jones Charles Marshburn Gary Richardson Jason Moore Phil Sample John Nerio Lonny Dill Damon SilvaKevin Miller
10 YearsRebecca VanegasTim Ross Mike Herrera Davis Robbins Miguel Moreno
5 YearsJennifer BryantJoelScalzittiChristy Rink
SERVICE AWARDS
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Our Infrastructure in 2017-18
106Million gallons per day of watertreatment capacity at the R.M. Levy Water Treatment Plant
2Reservoirs and dams
274,526 Serviceareapopulation
728Miles of pipeline
56,184Meters
16,903Valves
6,442Hydrants
25Storage tanks
25Pumpstations
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Water Supply Conditions in 2017-18
20173rdhottestyearonrecord(NOAA)
20184thhottestyearonrecord
(NOAA)(est.)
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64%Colorado River Basin (ofaverage)
PRECIPITATION 2017-2018Water Year
58%State Water Project (ofaverage)
33%San Diego County (ofaverage)
WATER SUPPLY
FISCAL YEAR20182017201620152014201320122011201020092008200720062005200420032002200120001999199819971996199519941993
ACRE-FEET*30,25828,71727,11731,14535,06834,32732,79431,81233,21137,65740,44342,08840,20238,78542,20639,70042,23040,04942,81339,81637,13340,87141,19335,66836,76437.026
IMPORTED85%87%93%99%98%84%73%65%91%97%92%91%74%84%95%96%95%93%90%72%79%89%72%72%64%76%
LOCAL15%13%
7%1%2%
16%27%35%9%3%8%9%
26%16%
5%4%5%7%
10%29%21%11%28%28%37%24%
LOCAL RUNOFF
FISCAL YEAR20182017201620152014201320122011201020092008
EL CAPITANWATERSHED
141 AF5,427 AF
604 AF134 AF212 AF665 AF
2,618 AF7,995AF6,157 AF2,454 AF3,931AF
LAKECUYAMACA
175 AF5,822 AF
586 AF101 AF117 AF265 AF
1,330 AF5,251 AF4,111 AF1,590AF2,252AF
*ACRE-FEET=DEMAND
AF=ACRE-FEET
Water Quality in 2017-18
100%Compliance with U.S. EPA Health Standards
100%Compliance with State ofCalifornia Health Standards
OUR TREATED WATER
100%Compliance with the U.S. EPALead and Copper Rule
WATER SUPPLY MIX
43%From the Colorado River
42%From the State Water Project
15%From Lake Cuyamaca andother local supplies AWARDS
Operator Meritorious Award givento two plant operators by American WaterWorksAssociation
Membership Award given to Water Treatment Plant Manager Larry Lyford by AmericanWaterWorksAssociation
SPEAKING
31Treatmentplantanddistributionsystemstaffgave31presentationsatwater industry and data management events
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Water Reliability in 2017-18
457Water meters maintained
3,133Hydrants maintained
8,921Valvesturned(18-22 monthturningcycle)
346Valves maintained
89Small gate valves replaced
PREVENTIVE MAINTENANCE
689Blow-offsmaintained
4Pressure system interconnects upgraded
3,172Water meters replaced
76Plasticwaterservicelaterals replaced with copper
33Blow-offsupgraded
2Pipelines abandoned
CUSTOMER SERVICE
53Emergency repairs
100%Completionofemergencyoperationsexercises
OPTIMIZING TECHNOLOGY
100%CompletionofAMIpilot project
80%Districtwideintegrationofbuilding management systems
FISCAL INTEGRITY & SUSTAINABILITY
100%Large water meters tested
100%Completionofrandomtestingof3001-inchorsmallerwatermeters
100%Completionofelectricvehiclechargingstations
100%Completionofresearchofinsurancecoverageoptionsandpremiums
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35Water services installed
3Hydrants installed
11Fire services installed
183Planned shutdowns
1,063Field dispatches
1,199After-hourscustomerservice dispatches
60Private development projects reviewed
32,150Feet of infrastructure designed and bid
34,000Feet of topographic survey completed
10Constructionprojectscompleted
–FletcherHills2PumpStationReplacement
–Fuerte/AlzedaPipelineRelocation
–ElCajon–Cast-IronReplacement
– Aqueduct 2 Pipeline Repair
–VistaPumpStationMCCReplacement
– La Mesa – Small Valve Replacement
–AdministrationOfficeParkingDeck
–SedimentationBasinHandrailModification
– La Mesa Boys and Girls Club
–ElectricVehicleChargingStations
18,000Feetofconstructionstakingcompleted
Engineering in 2017-18
8,000Utilitylocation(DigAlert)requestscompleted
7Reservoirtankinspectionscompleted
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Administration in 2017-18
Converted all contracts, agreements, leases and MOUs into new Tyler/Munis softwareandelectroniccontentmanagementsystem(ECMS)
Convertedfiveyearsofcapitalimprovement project work orders and board documents into ECMS
Developed a mobile app for daily reportingforconstructioninspectors
Built system infrastructure and deployedfinancialcomponentsforenterpriseresourceplanning(ERP)softwareimplementation
Upgradedsoftwareinfrastructurefordistrict’s phone system
Built system infrastructure and deployedmappingsolutionsformigrationtoESRIArcGIS
Restructured network cabling in administrationofficedatacenter
INFORMATION SERVICES HUMAN RESOURCES
Designed and conducted leadership team training program for all super-visors, managers, directors and the general manager
Formally introduced leadership team to servant leadership philosophy
Sixteen employees completed the district’s career development program
Solicitedvendorproposals(RFPs)for2018compensationandbenefitsstudy
Conducted the Helix Bucks employee recognitionprogramfromSeptember2017 through January 2018
Awarded second $2,000 grant from AssociationofCaliforniaWaterAgenciesfor employee wellness programs
FINANCE
Recipientsof2018CertificateofAchievement for Excellence in Financial ReportingfromtheGovernmentFinanceOfficersAssociation
Recipients of 2018 Public CommunicationsAchievementAwardfrom the American Water Works Association
Recipients of the District Transparency CertificateofExcellencefromtheSpecialDistrictLeadershipFoundation
PUBLIC AFFAIRS
ADMINISTRATIVE SUPPORT
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2018 2017ASSETSCurrent AssetsCash and cash equivalents $29,953,243 $32,895,195Water receivables Billed 3,957,464 3,319,037 Unbilled 7,044,373 6,886,763Other receivables 462,819 140,824Water inventory 16,581,306 22,254,594Supplies inventory and prepaid expenses 768,658 775,686 Total Current Assets 58,767,863 66,272,099
Non-Current AssetsRestricted-debtservice Cash and cash equivalents 1,913,356 1,904,993Investments 10,302,670 6,140,210Capital assets Land 5,067,807 5,067,807 Reservoirs and pipelines 347,250,441 339,615,788 Automobiles and trucks 3,012,300 3,093,945 Buildings and equipment 54,141,322 49,112,961Less:accumulateddepreciation (171,345,958) (162,814,699)Constructioninprogress 9,704,002 8,652,802 TotalNon-CurrentAssets 260,045,940 250,773,807 Total Assets 318,813,803 317,045,906
DEFERRED OUTFLOWS OF RESOURCESDeferred amount related to pensions 9,707,753 7,994,407Deferredamountrelatedtootherpost-employmentbenefits 2,801,176 -
TotalDeferredOutflowsofResources 12,508,929 7,994,407TotalAssetsandDeferredOutflowsofResources $ 331,322,732 $ 325,040,313
Financial Statements for 2017-18
Statement of Net PositionJune 30, 2018
Audited by Vavrinek, Trine, Day & Co. LLC,an independent, licensedauditfirm
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2018 2017LIABILITIESCurrent LiabilitiesAccounts payable $ 4,505,362 $ 7,888,808Accrued expenses 2,830,439 4,158,787Compensated absences 318,613 300,690Currentportionofbondspayable 1,480,000 1,435,000 TotalCurrentLiabilities 9,134,414 13,783,285
Non-Current LiabilitiesCompensated absences 2,699,306 2,549,369Bondspayableafteroneyear 8,230,000 9,710,000Net pension liability 43,517,747 38,637,527 Netotherpost-employmentbenefitsliability 28,598,306 -TotalNon-CurrentLiabilities 83,045,359 50,896,896TotalLiabilities 92,179,773 64,680,181
DEFERRED OUTFLOWS OF RESOURCESDeferred amount on refunding of debt 220,732 257,518Deferred amount related to pensions 879,121 1,107,502Deferredamountrelatedtootherpost-employmentbenefits 264,022 -
TotalDeferredInflowsofResources 1,363,875 1,365,020
Net PositionNet investment in capital assets 237,899,182 231,326,086Restricted debt service 1,913,356 1,904,993Unrestricted (2,033,454) 25,764,033
TotalNetPosition 237,779,084 258,995,112
TotalLiabilities,DeferredInflowsofResourcesandNetPosition
$ 331,322,732 $ 325,040,313
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2018 2017OPERATING REVENUESWater sales $ 85,212,560 $ 75,332,588Localwaterrunoff - 16,828,525Other charges 604,167 612,542 TotalOperatingRevenues 85,816,727 92,773,655
OPERATING EXPENSESWater purchases 43,956,171 25,293,132Localwaterrunoff - 16,828,525Administrativeandgeneral 22,617,634 20,273,722Depreciation 8,983,961 9,093,269Transmissionanddistribution 3,024,696 2,914,809Water treatment 3,416,564 3,304,543Pumping 2,348,009 2,113,134Operationscenter 2,161,604 2,209,212Customer services 1,162,085 1,133,143 TotalOperatingExpenses 87,670,724 83,163,489OPERATING INCOME (LOSS) (1,853,997) 9,610,166
NON-OPERATING REVENUES (EXPENSES)Interest income 577,149 322,092Other income 5,044,918 11,569,143Interest expense (415,258) (477,369)Other expense (766,953) (685,950)TotalNon-OperatingRevenues(Expenses) 4,439,856 10,727,916INCOME (LOSS) BEFORE CONTRIBUTIONS 2,585,859 20,338,082
CONTRIBUTIONS BY CUSTOMERS, DEVELOPERS AND AGENCIES 2,565,650 3,841,950Increaseinnetposition 5,151,509 24,180,032Netposition,beginningofyear 232,627,575 234,815,080
Netposition,endofyear 237,779,084 258,995,112
Statement of Revenues,Expenses and Changes inNet PositionJune 30, 2018
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2018 2017CASH FLOW FROM OPERATING ACTIVITIESReceipts from customers $84,698,695 $ 74,855,810Payments to suppliers and vendors (62,985,463) (53,275,491)Payments to employees (11,932,810) (11,722,254)Payments to reduce unfunded pension liability - (750,000)Other income 5,044,918 11,569,143Other expenses (766,953) (685,950)Net Cash Provided by Operating Activities 14,058,387 19,991,258
CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIESPurchaseandconstructionofcapitalassets (12,246,889) (12,312,916)Principal payments on bonds (1,435,000) (1,395,000)Interest paid (452,043) (514,158)Cashcontributionsbycustomersanddevelopers 670,499 1,274,877Cashcontributionsbypublicagencies 56,768 219,794Net Cash (Used) for Capital and Related Financing Activities
(13,406,665) (12,727,403)
CASH FLOWS FROM INVESTING ACTIVITIESPurchase of investments (5,523,133) (2,293,343)Sales/maturitiesofinvestments 1,360,673 1,851,668Interest on investments 577,149 322,092
Net Cash Provided by (Used for) Investing Activities (3,585,311) (119,583)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (2,933,589) 7,144,272CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 34,800,188 27,655,916
CASH AND CASH EQUIVALENTS AT END OF YEAR $31,866,599 $ 34,800,188RECONCILIATION TO THE STATEMENTS NET POSITIONCashandcashequivalents--current $29,953,243 $32,895,195
Cashandcashequivalents--non-current 1,913,356 1,904,993
Total Cash and Cash Equivalents $31,866,599 $ 34,800,188
Statement of Cash FlowsJune 30, 2018
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2018 2017RECONCILIATION OF OPERATING LOSS TO NET CASH PROVIDED BY OPERATING ACTIVITIESOperatingincome(loss) $(1,853,997) $9,610,166Adjustments:Depreciation 8,983,961 9,093,269 Other income and expense 4,277,965 10,883,193Changeinoperatingassetsandliabilities:(Increase)decreaseinwaterreceivables (796,037) (1,435,861)(Increase)decreaseinotherreceivables (321,995) 346,541(Increase)decreaseinwaterinventory 5,673,288 (9,778,575)(Increase)decreaseinsuppliesinventory and prepaid expenses 7,028 (49,109)
(Increase)decreaseindeferredoutflowsrelatedto pensions (1,713,346) (4,746,617)
(Increase)decreaseindeferredoutflowsrelatedtootherpostemploymentbenefits(OPEB) (371,411) -
Increase(decrease)inaccountspayable (3,383,446) 389,458Increase(decrease)inaccruedexpenses (1,328,348) 755,085Increase(decrease)incompensatedabsences 167,860 (25,643)Increase(decrease)indeferredinflowsrelated to pensions (228,381) (1,333,989)
Increase(decrease)indeferredinflowsrelatedtoOPEB 264,022 -Increase(decrease)innetpensionliability 4,880,220 6,283,340Increase(decrease)innetOPEBliability (198,996) -Net Cash Provided by Operating Activities $ 14,058,387 $19,991,258
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIESContributionofwatersystemassetsbycustomersand developers $ 1,838,383 $2,347,279Amortizationofdeferredamountonrefundingdebt $ 36,786 $36,790
The boat dock at Lake Jennings.
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