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<br /> Water Fund
<br /> Monthly Financial Report
<br /> Month Ended June 30, 2003
<br /> MTD YTD Budget Variance
<br /> 08/30103 2003 2003 +(-)
<br />Operating Revenue:
<br />Charges for ServIces 1,402.06 69,697.63 185,000.00 115,302.37 37.67%
<br />Total Operating Revenue 1.402.06 89,897.83 185,000.00 115,302.37 37.67%
<br />Operating Expenses:
<br />Salaries and Benefits 3,333.50 19,432.01 44,792.00 25,359.99 43.38%
<br />SuppBes 74.28 9,329.84 30,100.00 20,770.16 31.00%
<br />other Services and Charges 100.07 7,373.90 138,100.00 130,726.10 5.34%
<br />UtiDties 192.09 876.60 3,000.00 2,123.40 29.22%
<br />Depreciation 0.00 0.00 0.00 0.00 #DIVIO!
<br />Total Operating Expenses 3,898.84 37,012.36 215,992.00 178,878.65 17.14%
<br />OPERATING INCOME (2,287.88) 32,685.28 (30,992.00) (83,677.28) -105.46%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 3,737.00 9,682.00 20,000.00 10,318.00 48.41%
<br />Special Assessments 0.00 9,826.30 40,000.00 30,173.70 24.57%
<br />Hook up Fees and Unit Charges 7,172.75 38,959.38 65,000.00 26,040.62 59.94%
<br />Interest Expense 0.00 (5,608.69) (11,590.00) (5,981.31 ) 48.39%
<br />Refunds & Reimbursements Rev (11.83) 57.55 5,000.00 4,942.45 1.15%
<br />Refunds & Reimbursements Exp 0.00 (2,096.51) (4,500.00) (2.403.49) 46.59%
<br />Total Nonoperating Revenue 10,887.82 50,820.03 113,910.00 83,088.87 44.61%
<br />(Expense)
<br />INCOME BEFORE OPERATING 8,800.04 83,505.31 82,918.00 (587.31) 100.71%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 (15,000.00) (15,000.00) O.OOOk
<br />NET INCOME 8,800.04 83,505.31 67,918.00 (15,587.31) 122.95%
<br />CREDrrFORDEPREC~TIONON 0.00 0.00 0.00 0.00 'DIY/OI
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 8,800.04 83,505.31 67,918.00 (15,587.31~ 122.85%
<br />EARNINGS
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<br />budget report water Jun 03
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