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<br />..
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<br /> ~fl.iJ~
<br /> Water Fund
<br /> Monthly Financial Report
<br /> Month Ended May 31,2003
<br /> % of year -
<br /> 41.67%
<br /> MTD YTD Budget Variance % of Budget
<br /> 05/31/03 2003 2003 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 21,686.55 68,295.57 185,000.00 116,704.43 36.92%
<br />Total Operating Revenue 21,686.55 68,295.57 185,000.00 116,704.43 36.92%
<br />Operating Expenses:
<br />Salaries and Benefits 3,341.68 16,098.51 44,792.00 28,693.49 35.94%
<br />Supplies 899.48 9,255.56 30,100.00 20,844.44 30.75%
<br />Other Services and Charges 2,759.34 7,273.83 138,100.00 130,826.17 5.27%
<br />Utilities 139.35 684.51 3,000.00 2,315.49 22.82%
<br />Depreciation 0.00 0.00 0.00 0.00 #DIV/O!
<br />Total Operating Expenses 7,139.85 33,312.41 215,992.00 182,679.59 15.42%
<br />OPERATING INCOME 14,546.70 34,983.16 (30,992.00) (65,975.16) -112.88%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 352.00 5,945.00 20,000.00 14,055.00 29.73%
<br />Special Assessments 0.00 9,826.30 40,000.00 30,173.70 24.57%
<br />Hook up Fees and Unit Charges 10,740.00 31,799.38 65,000.00 33,200.62 48.92%
<br />Interest Expense 0.00 (5,608.69) (11,590.00) (5,981.31 ) 48.39%
<br />Refunds & Reimbursements Rev 22.37 56.63 5,000.00 4,943.37 1.13%
<br />Refunds & Reimbursements Exp (1,048.00) (2,096.51 ) (4,500.00) (2,403.49) 46.59%
<br />Total Nonoperating Revenue 10,066.37 39,922.11 113,910.00 73,987.89 35.05%
<br />(Expense)
<br />INCOME BEFORE OPERATING 24,613.07 74,905.27 82,918.00 8,012.73 90.34%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 (15,000.00) (15,000.00) 0.00%
<br />NET INCOME 24,613.07 74,905.27 67,918.00 (6,987.27) 110.29%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 #DIV/O!
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 24,613.07 74,905.27 67,918.00 (6,987.27) 110.29%
<br />EARNINGS
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<br />6/3/2003
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<br />1 :52 PM
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<br />budget report water May 03
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