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<br /> Water Fund
<br /> Monthly Financial Report
<br /> Month Ended February 28, 2007
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<br /> MTD YTD Budget Variance % of Budget
<br /> 2/28/07 2007 2007 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 29,200.88 44,848.16 225,000.00 180,151.84 19.93%
<br />Total Operating Revenue 29,200.88 44,848.16 225,000.00 180,151.84 19.93%
<br />Operating Expenses:
<br />Salaries and Benefits 5,595.37 11,446.40 70,000.00 58,553.60 16.35%
<br />Professional Services 0.00 0.00 35,000.00 35,000.00 0.00%
<br />Supplies 7,301.37 9,956.72 55,000.00 45,043.28 18.10%
<br />Other Services and Charges 1,465.00 1,465.00 6,000.00 4,535.00 24.42%
<br />. Utilities 477.28 728.05 3,000.00 2,271.95 24.27%
<br />Depreciation 0.00 0.00 30,500.00 30,500.00 0.00%
<br />Total Operating Expenses 14,839.02 23,596.17 199,500.00 175,903.83 11.83%
<br />OPERATING INCOME 14,361.86 21,251.99 25,500.00 4,248.01 83.34%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 1,256.45 2,038.72 15,000.00 12,961.28 13.59%
<br />Special Assessments 782.76 1,110.54 30,000.00 28,889.46 3.70%
<br />Hook up Fees and Unit Charges 4,030.00 8,060.00 35,000.00 26,940.00 23.03%
<br />Other Equipment (84.24) (84.24 ) 0.00 84.24 0.00%
<br />Interest Expense 0.00 0.00 0.00 0.00 0.00%
<br />Refunds & Reimbursements Rev 17.60 22.19 0.00 (22.19) 0.00%
<br />Refunds & Reimbursements Exp (4,759.28) (4,759.28) 0.00 4,759.28 0.00%
<br />Total Nonoperating Revenue 1,243.29 6,387.93 80,000.00 73,612.07 7.98%
<br />(Expense)
<br />INCOME BEFORE OPERATING 15,605.15 27,639.92 105,500.00 77,860.08 26.20%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 15,605.15 27,639.92 105,500.00 77,860.08 26.20%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 15,605.15 27,639.92 105,500.00 77,860.08 26.20%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
<br />
<br />
<br />3/8/2007
<br />
<br />8:34 AM
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<br />budget report water 07.xls
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