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Sewer Fund Monthly Financial Report Month Ended May 31,2007 MTD YTD Budget Variance % of Budget &/31/07 2007 2007 +(-) Used Operating Revenue: Charges for Services 44.796.30 140.566.31 260.000.00 119.433.69 54.06% Total Operating Revenue 44,796.30 140,566.31 260,000.00 119,433.69 54.06% Operating Expenses: Salaries and Benefits 8,251.87 49.778.95 65,000.00 15,221.05 76.58% Professional Services 0.00 0.00 5,000.00 5.000.00 0.00% Supplies 1.495.87 8.471.92 10,000.00 1,528.08 84.72% MCES Disposal Charges 12,344.38 61,721.90 149,000.00 87.278.10 41.42% Utilities 151.94 796.49 1.000.00 203.51 79.65% Depreciation 0.00 0.00 90,000.00 90,000.00 0.00% Total Operating Expenses 22,244.08 120,769.26 320,000.00 199,230.74 37.74% OPERATING INCOME 22,662.24 19,797.05 (60,000.00) (79,797.0&) 0.00% Nonoperating Revenue (Expense) Interest on Investments 1.908.45 32.508.77 60,000.00 27.491.23 54.18% Special Assessments 0.00 327.78 40.000.00 39,672.22 0.82% Hook up Fees and Unit Charges 8,867.00 43.585.00 50,000.00 6,415.00 87.17% Other Equipment (750.O4) (750.04) 0.00 750.04 0.00% Interest Expense 0.00 0.00 (9.000.00) (9.000.00) 0.00% Refunds & Reimbursements Rev 0.00 0.00 0.00 0.00 0.00% Refunds & Reimbursements Exp 0.00 0.00 0.00 0.00 0.00% Total Nonoperating Revenue . 10,026.41 76,671.51 141,000.00 66,328.49 63.67% (Expense) INCOME BEFORE OPERATING 32,&77.66 96,468.56 81,000.00 (14,468.56) 117.86% TRANSFERS OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00% NET INCOME 32,&77.66 96,468.56 81,000.00 (14,468.56) 117.86% CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00% CONTRIBUTED ASSETS NET INCREASE IN RETAINED 32,&77.66 96,468.56 81,000.00 (14,468.56~. 117.ark EARNINGS PREPARED BY: JOHN MEYER FINANCE DIRECTOR 61512007 4:11 PM budget report sewer 07.x1s