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<br /> Sewer 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 45,569.74 66,091.28 260,000.00 193,908.72 25.42%
<br />Total Operating Revenue 45,569.74 66,091.28 260,000.00 193,908.72 25.42%
<br />Operating Expenses:
<br />Salaries and Benefits 5,676.79 17,385.44 65,000.00 47,614.56 26.75%
<br />Professional Services 0.00 0.00 5,000.00 5,000.00 0.00%
<br />Supplies 808.66 1,072.98 10,000.00 8,927.02 10.73%
<br />MCES Disposal Charges 12,344.38 24,688.76 149,000.00 124,311.24 16.57%
<br />Utilities 366.04 525.70 1,000.00 474.30 52.57%
<br />Depreciation 0.00 0.00 30,000.00 30,000.00 0.00%
<br />Total Operating Expenses 19,195.87 43,672.88 260,000.00 216,327.12 16.80%
<br />OPERATING INCOME 26,373.87 22,418.40 0.00 (22,418.40) 0.00%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 4,947.76 8,421.83 30,000.00 21,578.17 28.07%
<br />Special Assessments 0.00 327.78 40,000.00 39,672.22 0.82%
<br />Hook up Fees and Unit Charges 4,333.50 8,667.00 50,000.00 41,333.00 17.33%
<br />Other Equipment 0.00 0.00 0.00 0.00 0.00%
<br />Interest Expense 0.00 0.00 (9,000.00) (9,000.00) 0.00%
<br />Refunds & Reimbursements Rev 0.00 0.00 0.00 0.00 0.00%
<br />Refunds & Reimbursements Exp 0.00 0.00 0.00 0.00 0.00%
<br />Total Nonoperating Revenue 9,281.26 17,416.61 111,000.00 93,583.39 15.69%
<br />(Expense)
<br />INCOME BEFORE OPERATING 35,655.13 39,835.01 111,000.00 71,164.99 35.89%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 35,655.13 39,835.01 111,000.00 71,164.99 35.89%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 35,655.13 39,835.01 111,000.00 71,164.99 35.89%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
<br />
<br />
<br />3/8/2007
<br />
<br />8:42AM
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<br />budget report sewer 07.xls
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