2012 CAFR - Encina Wastewater Authority

ENCINA WASTEWATER AUTHORITYSTATEMENTS OF REVENUES, EXPENSES AND CHANGES IN NET ASSETSFOR THE YEARS ENDED JUNE 30, 2012 AND 20112012 2011Operating Revenues:Member agency assessments $ 12,383,770 $ 12,249,354Other operating revenues 265,750 353,927Total Operating Revenues 12,649,520 12,603,281Operating Expenses:Depreciation 7,899,653 6,259,835Unit I - EWPCF usage costs 5,904,095 5,809,849Unit I - EWPCF ownership costs 3,754,456 3,800,212Unit J - Encina ocean outfall 307,639 368,458Directors meetings 56,995 70,153Flow metering 272,903 274,072Source control 623,461 591,609Agua Hedionda pump station 247,392 201,953Buena Vista pump station 348,184 343,044Buena sanitation district facilities 215,234 314,303Carlsbad water reclamation facilities 772,107 703,253Raceway basin pump station 147,054 126,375Total Operating Expenses 20,549,173 18,863,116Operating (Loss) (7,899,653) (6,259,835)Nonoperating Revenues (Expenses):Investment & other capital income 16,791 24,740Net (loss) on disposal of capital assets (840,705) (49,556)Total Nonoperating Revenues (Expenses) (823,914) (24,816)(Loss) Before Contributions (8,723,567) (6,284,651)Capital contributions 7,806,170 5,877,873Change in Net Assets (917,397) (406,778)Total Net Assets at Beginning of Year 124,434,699 124,841,477TOTAL NET ASSETS AT END OF YEAR $ 123,517,302 $ 124,434,699See accompanying independent auditors' report and notes to the financial statements.20