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<br /> Sewer Fund
<br /> Monthly Financial Report
<br /> Month Ended May 31,2003
<br /> % of y~ar -
<br /> 4.1.67%
<br /> MTD YTD Budget Variance % of Budget
<br /> 05/31/03 2003 2003 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 36,093.48 115,186.27 210,000.00 94,813.73 54.85%
<br />Total Operating Revenue 36,093.48 115,186.27 210,000.00 94,813.73 54.85%
<br />Operating Expenses:
<br />Salaries and Benefits 3,341.65 16,122.75 44,792.00 28,669.25 35.99%
<br />Supplies 19.27 189.68 4,500.00 4,310.32 4.22%
<br />Other Services and Charges 374.91 6,615.89 10,000.00 3,384.11 66.16%
<br />Utilities 92.96 355.56 1,500.00 1 ,144.44 23.70%
<br />MCES Disposal Charges 10,287.33 52,996.65 130,000.00 77,003.35 40.77%
<br />Depreciation 0.00 0.00 0.00 0.00 #DIV/O!
<br />Total Operating Expenses 14,116.12 76,280.53 190,792.00 114,511.47 39.98%
<br />OPERATING INCOME 21,977.36 38,905.74 19,208.00 (19,697.74) 202.55%
<br />Nonoperating Revenue (Expense):
<br />Interest on Investments 562.00 9,581.00 28,000.00 18,419.00 34.22%
<br />Special Assessments 0.00 0.00 50,000.00 50,000.00 0.00%
<br />Hook up Fees and Unit Charges 12,300.75 30,408.75 35,000.00 4,591.25 86.88%
<br />Interest & Fiscal Charges 0.00 (6,855.06) (11,590.00) (4,734.94) 59.15%
<br />Refunds & Reimbursements 0.00 0.00 0.00 0.00 #DIV/O!
<br />Total Nonoperating Revenue 12,862.75 33,134.69 101,410.00 68,275.31 32.67%
<br />(Expense)
<br />INCOME BEFORE OPERATING 34,840.11 72,040.43 120,618.00 48,577.57 59.73%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 (15,000.00) (15,000.00) 0.00%
<br />NET INCOME 34,840.11 72,040.43 105,618.00 33,577 .57 68.21%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 #DIV/O!
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 34,840.11 72,040.43 105,618.00 33,577 .57 68.21 %
<br />EARNINGS
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<br />6/3/2003
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<br />1 :47 PM
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<br />budget report sewer May 03
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