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<br /> Sewer Fund
<br /> Monthly Financial Report
<br /> Month Ended March 31,2007
<br /> 2~
<br /> MTD YTD Budget Variance % of Budget
<br /> 3/31/07 2007 2007 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 5,965.93 72,057.21 260,000.00 187,942.79 27.71%
<br />Total Operating Revenue 5,965.93 72,057.21 260,000.00 187,942.79 27.71%
<br />Operating Expenses:
<br />Salaries and Benefits 6,457.88 30,301.20 65,000.00 34,698.80 46.62%
<br />Professional Services 0.00 0.00 5,000.00 5,000.00 0.00%
<br />Supplies 715.69 1,788.67 10,000.00 8,211.33 17.89%
<br />MCES Disposal Charges 12,344.38 37,033.14 149,000.00 111,966.86 24.85%
<br />Utilities 154.27 679.97 1,000.00 320.03 68.00%
<br />Depreciation 0.00 0.00 30,000.00 30,000.00 0.00%
<br />Total Operating Expenses 19,672.22 69,802.98 260,000.00 190,197.02 26.85%
<br />OPERATING INCOME (13,706.29) 2,254.23 0.00 (2,254.23) 0.00%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 17,550.36 25,972.19 30,000.00 4,027.81 86.57%
<br />Special Assessments 0.00 327.78 40,000.00 39,672.22 0.82%
<br />Hook up Fees and Unit Charges 2,216.75 10,883.75 50,000.00 39,116.25 21.77%
<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 19,767.11 37,183.72 111,000.00 73,816.28 33.50%
<br />(Expense)
<br />INCOME BEFORE OPERATING 6,060.82 39,437.95 111,000.00 71,562.05 35.53%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 6,060.82 39,437.95 111,000.00 71,562.05 35.53%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 6,060.82 39,437.95 111,000.00 71,562.05 35.53%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
<br />
<br />
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<br />4/10/2007
<br />
<br />8:08 AM
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<br />budget report sewer 07.xls
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