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<br /> Water 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 38,096.00 161,204.76 225,000.00 63,795.24 71.65%
<br />Total Operating Revenue 38,096.00 161,204.76 225,000.00 63,795.24 71.65%
<br />Operating Expenses:
<br />Salaries and Benefits 6,114.21 49,449.04 70,000.00 20,550.96 70.64%
<br />Professional Services 0.00 5,073.39 35,000.00 29,926.61 14.50%
<br />Supplies 1,509.83 22,710.62 55,000.00 32,289.38 41.29%
<br />Other Services and Charges 1,465.22 4,395.22 6,000.00 1,604.78 73.25%
<br />Utilities 310.97 2,064.95 3,000.00 935.05 68.83%
<br />Depreciation 0.00 0.00 82,000.00 82,000.00 0.00%
<br />Total Operating Expenses 9,400.23 83,693.22 251,000.00 167,306.78 33.34%
<br />OPERATING INCOME 28,695.77 77,511.54 (26,000.00) (103,511.54) -298.12%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 9,670.13 19,755.15 30,000.00 10,244.85 65.85%
<br />Special Assessments 0.00 18,279.43 30,000.00 11,720.57 60.93%
<br />Hook up Fees and Unit Charges 4,600.00 51,626.15 35,000.00 (16,626.15) 147.50%
<br />Other Equipment 0.00 (880.28) 0.00 880.28 0.00%
<br />I nterest Expense 0.00 0.00 0.00 0.00 0.00%
<br />Community Development Exp 0.00 84.24 0.00 (84.24) 0.00%
<br />Refunds & Reimbursements Rev 3,088.00 5,306.44 0.00 (5,306.44) 0.00%
<br />Refunds & Reimbursements Exp 0.00 (4,759.28) 0.00 4,759.28 0.00%
<br />Total Nonoperating Revenue 17,358.13 89,411.85 95,000.00 5,588.15 94.12%
<br />(Expense)
<br />INCOME BEFORE OPERATING 46,053.90 166,923.39 69,000.00 (97,923.39) 241.92%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 46,053.90 166,923.39 69,000.00 (97,923.39) 241.92%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 46,053.90 166,923.39 69,000.00 (97,923.39) 241.92%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />9/12/2007
<br />
<br />11:36AM
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<br />budget report water 07.xls
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