Ad-Express and Daily Iowegian, Centerville, IA

Local News

July 23, 2013

Water dept. receipts up 8 percent

The Centerville Municipal Waterworks for the year ending June 30, 2012 realized an 8 percent increase in receipts and a 2 percent increase in disbursements from the prior year.

Receipts totaled $2,850,081 and included $1,064,121 in charges for services, $81,384 in miscellaneous operating receipts, $7,863 in investment interest, $14,990 in rental income and $1,681,723 in sewer fees, storm water fees and miscellaneous receipts collected for the city. For the year ending June 30, 2011 receipts totaled $2,634,712.

Disbursements totaled $2,621,408 and included $877,845 in operating expenses, $38,187 in debt service, $140,130 in capital outlay and $1,565,246 in sewer and storm water fees and miscellaneous receipts submitted to the city. For the year ending June 30, 2011 disbursements totaled $2,563,377.

The Water Department total cash basis net assets increased by 35 percent to $228,673 from the prior year. The total cash basis net assets June 30, 2011 was $660,813 and on June 30, 2012 it was $889,486.

The Waterworks did work down revenue bonds from the prior year. Revenue bonds for the year ending June 30, 2011 were $592,000 and for the year ending June 30, 2012 were $349,000.

The amount of money the Waterworks has reimbursed the city for contributions to Iowa Public Employees Retirement System has steadily declined since 2010. The Waterworks for the year ending June 30, 2010 contributed $15,776, for the year ending June 30, 2011 contributed $11,261 and for the year ending June 30, 2012 contributed $10,127 to the city for IPERS.

Water department employees have accumulated $7,446 as of June 30, 2012 in earned but unused vacation, compensatory and personal leave time for subsequent use of or for payment upon termination, retirement or death.

The Water Department for the year ending June 30, 2012 received $14,990 in lease rent for office space and water tower space. Two private businesses paid the Waterworks $4,500 in rent for the old water office and Farmers Cellular Telephone Company paid $10,490 for antenna space.

The Waterworks in 2001 agreed to purchase water from Rathbun Regional Water Association for 40 years. The agreement stipulates the Waterworks from 2006 to the end of the agreement must purchase at least 7.5 million gallons of water per month, which, based on current water rates, the Waterworks will be obligated to pay RRWA a minimum of $216,000 per year through 2041.

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