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UTILITIES AND BUSINESS SERVICES The Town operates two utilities and four businesses and accounts for their activities similar to businesses in the private sector. Operating revenues and expenses result from providing services and delivering goods. The Water Fund operates the water treatment plants and distribution system; the Wastewater Fund operates the sewage treatment plant, pumping stations and collection system; the Convention Center Fund accounts for the activities of the Roland E. Powell Convention Center; the Transportation Fund accounts for the operations of the Town’s bus system and boardwalk trams; and the Airport Fund and Golf Course Fund account for the operations of the Ocean City Municipal Airport and Eagle’s Landing Golf Course. Fees and service charges are 75% of all revenues in 2016. BUSINESS-TYPE ACTIVITIES - REVENUES BY SOURCE Operating Grants and Contributions 9.5% Capital Grants and Contributions 7.5% Charges for Services 75% The following graph indicates the portion of expenses that are covered by service charges to customers for business-type activities. In water, wastewater, and golf funds, service charges or reserves cover all costs. The operations of the transportation, airport, and convention center recovered 45.5% of expenses from user charges. Water Transportation Wastewater Convention Center Airport Golf Course 0 5 10 15 20 Millions of Dollars Revenues Expenses Page 6 BUSINESS-TYPE ACTIVITIES - EXPENSES AND PROGRAM REVENUES Transfers In 8%


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