7. Financial Highlights (Continued)
Fund Financial Statements (Continued)
Proprietary Fund:
◦ Water fund net position increased $71 thousand to $8.9
million.
◦ Unrestricted Net Position was $800 thousand
◦ At September 30, 2017 the City had working capital of $1.3
million for the utility operations; an increase of $170
thousand from prior year’s working capital ratio.
◦ Almost 8 months operating reserves of working capital
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