Details for Annual

Ad 57881

LAKEVIEW UTILITY DISTRICT
ANNUAL STATEMENT ‐ UNAUDITED
January 1, 2020 ‐ June 30, 2021
CONDENSED STATEMENT OF NET POSITION
ASSETS
Current and Other Assets
Capital Assets (Net)
Total Assets

$

DEFERRED OUTFLOWS OF RESOURCES
Deferred Outflows Related to Pensions

954,041
8,105,975
9,060,016
40,694

LIABILITIES
Current Liabilities
Noncurrent Liabilities
Total Liabilities

193,844
3,778,597
3,972,441

DEFERRED INFLOWS OF RESOURCES
Deferred Inflows Related to Pensions

25,867

NET POSITION
Net Investment in Capital Assets
Restricted
Unrestricted
Total Net Position

4,201,845
195,187
705,370
5,102,402

CONDENSED STATEMENT OF REVENUES, EXPENSES, AND
CHANGES IN NET POSITION
Operating Revenues (Expenses)
Charges for Services (Net)
Other Revenue
Depreciation and Amortization
Travel - Board
Travel - Management
Travel - Other Employees
Other Operating Expenses
Operating Income (Loss)

$

1,662,966
26,134
(379,942)
(525)
(490)
(50)
(1,005,386)
302,707

Nonoperating Revenues (Expenses)
Investment Income
Interest Expense
Bond Issue Cost
Capital Grants
Change in Net Position

7,521
(186,986)
(96,402)
74,197
101,037

Net Position, December 31, 2019
Net Position, June 30, 2021

5,001,365
5,102,402

LAKEVIEW UTILITY DISTRICT
SCHEDULE OF WATER RATES
EFFECTIVE JANUARY 1, 2020
Residential Rates (per thousand gallons)
Single - Minimum Bill (0 gallons)
Multiple - Minimum Bill (0 gallons)
0 - 5,000 gallons
5,000 - 10,000 gallons
10,000 - 15,000 gallons
Greater than 15,000 gallons

27.50
41.25
9.80
10.78
12.25
14.70

Commercial/Industrial rates (per thousand gallons)
Monthly Minimum Bill (0 gallons)
0 - 10,000 gallons
10,000 - 20,000 gallons
Greater than 20,000 gallons

41.25
9.80
10.78
12.25

Rates are set to provide adequate revenues for
operating cost, debt service, and current demand
for services.
Joe Payne - President of Board
James R. Jones - Vice-President of Board
Glen Matthews - Secretary / Treasurer
Carol Tharpe - General Manager

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