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<br /> Water Fund
<br /> Monthly Financial Report
<br /> Month Ended May 31, 2006
<br /> MTD YTD Budget Variance % of Budget
<br /> 5/31/06 2006 2006 +(-) Used
<br />Operating Revenue:
<br />Charges for ServiceS 12,652.84 55,589.10 210,000.00 154,410.90 26.47%
<br />Total Operating Revenue 12,652.84 55,589.10 210,000.00 154,410.90 26.47%
<br />Operating Expenses:
<br />Salaries and Benefits 4,701.14 19,387.85 65,000.00 45,612.15. 29.83%
<br />Professionai Services 1,819.22 17,125.54 15,000.00 (2,125.54 ) 114.17%
<br />. Supplies 33,871.73 38,364.15 48,000.00 9,635.85 79.93%
<br />Other services and Charges 1,187.00 2,374.00 5,000.00 2,626.00 47.48%
<br />Utilities 175.22 . 1,420.97 3,000.00 1.579.03 47.37%
<br />Depreciation 0.00 0.00 30,500.00 30,500.00 0.00%
<br />Total Operating Expenses 41,754.31 78.872.51 166.500.00 87.827.49 47.25%
<br />OPERATING INCOME (29.101.47) (23,083.41 ) 43.500.00 66.583.41 -53.07%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 253.04 4,248.05 15,000.00 10,751.95 28.32%
<br />Special Assessments 0.00 6,782.89 26,800.00 . 20,017.11 25.31%
<br />Hook up Fees and Unit Charges 6,049.56 8,084.56 34,000.00 25,915.44 23.78%
<br />Other Equipment 0.00 (8,024.53) 0.00 8,024.53 0.00%
<br />Interest Expense 0.00 (45.00) 0.00 45.00 0.00%
<br />Refunds & Reimbursements Rev 404.60 3,408.37 0.00 (3,408.37) 0.00%
<br />Refunds & Reimbursements Exp 0.00 (765.00) 0.00 765.00 0.00%
<br />Total Nonoperating Revenue 8.707.20 13.889.34 75.800.00 82,110.68 " 18.06%
<br />(Expense)
<br />INCOME BEFORE OPERATING (22.394.27) (9,394.07) 119,300.00 128.894.07 -7.87%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME (22.394.27) (9,394.07) 119,300.00 128,894.07 -7.87%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED (22,394.27) . (9,394.07) 119.300.00 128.894.07 -7.87%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />6/8/2006
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<br />8:02 AM
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<br />budget report water06.xIs
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