|
<br /> Sewer Fund
<br /> Monthly Financial Report
<br /> Month Ended August 31, 2007
<br /> MTD YTD Budget Variance % of Budget
<br /> 8/31/07 2007 2007 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 40,324.01 213,879.53 260,000.00 46,120.47 82.26%
<br />Total Operating Revenue 40,324.01 213,879.53 . 260,000.00 46,120.47 82.26%
<br />Operating Expenses:
<br />Salaries and Benefits 6,141.42 67,861.61 65,000.00 (2,861.61) 104.40%
<br />Professional Services 0.00 6,737.89 5,000.00 (1,737.89) 134.76%
<br />Supplies 776.29 10,092.59 10,000.00 (92.59) 100.93%
<br />MCES Disposal Charges 12,344.38 98,755.04 149,000.00 50,244.96 66.28%
<br />Utilities 141.80 1,435.69 1,000.00 (435.69) 143.57%
<br />Depreciation 0.00 0.00 90,000.00 90,000.00 0.00%
<br />Total Operating Expenses 19,403.89 184,882.82 320,000.00 135,117.18 57.78%
<br />OPERATING INCOME 20,920.12 28,996.71 (60,000.00) (88,996.71 ) 0.00%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 34,643.61 74,362.45 60,000.00 (14,362.45) 123.94%
<br />Special Assessments 0.00 7,384.80 40,000.00 32,615.20 18.46%
<br />Hook up Fees and Unit Charges 2,216.75 50,235.25 50,000.00 (235.25) 100.47%
<br />Other Equipment 0.00 (750.04) 0.00 750.04 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 36,860.36 131,232.46 141,000.00 9,767.54 93.07%
<br />(Expense)
<br />INCOME BEFORE OPERATING 57,780.48 160,229.17 81,000.00 (79,229.17) 197.81%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 57,780.48 160,229.17 81,000.00 (79,229.17) 197.81%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 57,780.48 160,229.17 81,000.00 (79,229.17) 197.81%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
<br />
<br />
<br />
<br />
<br />9/12/2007
<br />
<br />11:29 AM
<br />
<br />budget report sewer 07.xls
<br />
|