2023 Annual Report

Consolidated Financial Statements Notes to the Consolidated Financial Statements

15. A ccumulated Su r plus Accumulated Surplus is comprised of operating surpluses, equity in tangible capital assets held in the general, sewer and water funds as well as reserves, offset by obligations that will be settled from future revenues. Accumulated surplus for 2023 is $1 , 376 , 348 , 906 ($1,319,311,980 for 2022) and is distributed as follows:

2023

2022

Operating surplus

General Sewer Water

$

7 , 663 , 463 $

12,042,715 5,937,537 13,793,118 31,773,370

9 , 608 , 417 11 , 881 , 526 29 , 153 , 406

Equity in the capital funds

General Sewer Water

928 , 876 , 524 147 , 187 , 757 154 , 215 , 961 1 , 230 , 280 , 242 67 , 983 , 907 111 , 395 , 118 179 , 379 , 025

910,515,824 143,022,206 141,821,052 1,195,359,082 49,015,284 107,840,134 156,855,418

Reserves

Funds

Accounts

Obligations funded by future revenues Debt

(38 , 761 , 184) (2 , 718 , 600) (19 , 670 , 943) (61 , 150 , 727)

(42,930,686) (2,861,700) (18,883,504) (64,675,890)

Employee future benefits Asset retirement obligations

Accumulated Remeasurement Loss

(1 , 313 , 040)

-

Accumulated Surplus

$ 1 , 376 , 348 , 906 $

1,319,311,980

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