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Clarkston'9s water fund posts operating gain and positive cash flow in FY2025
Summary
Clarkston's water utility reported operating income of $40,103, change in net position of $26,333, and net cash from operations of $84,824 for FY2025, after interest expense and principal payments reduced cash used by financing activities.
Clarkston Town'9s water utility posted operating income of $40,103 and a $26,333 increase in net position for the fiscal year ended June 30, 2025, according to the town'9s compiled financial statements.
The Water Fund reported operating revenues of $135,359 (services and hookup fees) and operating expenses of $95,256, which includes $42,038 of depreciation. Nonoperating expense for the fund was $13,770 of interest expense, producing a change in net position of $26,333 for the year.
On a cash-basis reconciliation, the proprietary fund reported net cash provided by operating activities of $84,824. Capital and related financing activities included principal payments on bonds of $42,000 and interest payments totaling $13,770, leaving a net increase in cash and cash equivalents of $29,054 for the year. The water fund ended the year with pooled cash and cash equivalents of $459,863 and net position of $1,297,270.
The fund'9s statement of cash flows shows operating receipts from customers of $135,887, payments to employees of $16,961, and payments to suppliers of $34,102. The notes disclose capital assets for the water fund totaled $968,217 (net of depreciation) at year end.
These results appear in the compiled financial statements prepared by Matthew Regen, CPA. The compilation report clarifies that the accountant did not perform an audit and therefore did not provide assurance on the financial statements.
