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<br /> Water Fund
<br /> Monthly Financial Report
<br /> Month Ended August 31, 2006
<br /> MTD YTD Budget Variance % of Budget
<br /> 8/31/06 2006 2006 +H Used
<br />Operating Revenue:
<br />Charges for Services 48,362.24 87,227.24 210,000.00 122,772.76 41.54%
<br />Total Operating Revenue 48,362.24 87,227.24 210,000.00 122,772.76 41.54%
<br />Operating Expenses:
<br />Salaries and Benefits 4,969.08 40,843.28 65,000.00 24,156.72 62.84%
<br />Professional Services 0.00 36,232.28 15,000.00 (21,232.28) 241.55%
<br />Supplies 4,850.41 53,878.53 48,000.00 (5,878.53) 112.25%
<br />Other Services and Charges 0.00 2,374.00 5,000.00 2,626.00 47.48%
<br />Utilities 214.91 2,001.15 3,000.00 998.85 66.71%
<br />Depreciation 0.00 0.00 30,500.00 30,500.00 0.00%
<br />Total Operating Expenses 10,034.40 135,329.24 166,500.00 31,170.76 81.28%
<br />OPERATING INCOME 38,327.84 (48,102.00) 43,500.00 91,602.00 -110.58%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 557.10 7,721.89 15,000.00 7,278.11 51.48%
<br />Special Assessments 0.00 30,037.87 26,800.00 (3,237.87) 112.08%
<br />Hook up Fees and Unit Charges 4,030.00 23,974.79 34,000.00 10,025.21 70.51%
<br />Other Equipment 11,093.25 (21,201.64) 0.00 21,201.64 0.00%
<br />Interest Expense 0.00 (45.00) 0.00 45.00 0.00%
<br />Refunds & Reimbursements Rev 3,652.48 8,332.08 0.00 (8,332.08) 0.00%
<br />Refunds & Reimbursements Exp 0.00 (765.00) 0.00 765.00 0.00%
<br />Total Nonoperating Revenue 19,332.83 48,054.99 75,800.00 27,745.01 63.40%
<br />(Expense)
<br />INCOME BEFORE OPERATING 57,660.67 (47.01) 119,300.00 119,347.01 -0.04%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 57,660.67 (47.01) 119,300.00 119,347.01 -0.04%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 57,660.67 (47.01) 119,300.00 119,347.01 -0.04%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />9/11/2006
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<br />2:11 PM
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<br />budget report water 06.xls
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