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<br /> Sewer Fund
<br /> Monthly Financial Report
<br /> Month Ended October 31, 2007
<br /> MTD YTD Budget Variance % of Budget
<br /> 10/31/07 2007 2007 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 46,096.83 169,436.96 260,000.00 90,563.04 65.17%
<br />Total Operating Revenue 46,096.83 169,436.96 260,000.00 90,563.04 65.17%
<br />Operating Expenses:
<br />Salaries and Benefits 5,707.62 60,629.99 65,000.00 4,370.01 93.28%
<br />Professional Services 0.00 6,737.89 5,000.00 (1,737.89) 134.76%
<br />Supplies 535.13 10,982.75 10,000.00 (982.75) 109.83%
<br />MCES Disposal Charges 12,344.38 135,787.58 149,000.00 13,212.42 91.13%
<br />Utilities 205.33 1,986.97 1,000.00 (986.97) 198.70%
<br />Depreciation 0.00 0.00 90,000.00 90,000.00 0.00%
<br />Total Operating Expenses 18,792.46 216,125.18 320,000.00 103,874.82 67.54%
<br />OPERATING INCOME 27,304.37 (46,688.22) (60,000.00) (13,311.78) 0.00%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 6,253.79 83,948.63 60,000.00 (23,948.63) 139.91%
<br />Special Assessments 0.00 7,057.02 40,000.00 32,942.98 17.64%
<br />Hook up Fees and Unit Charges 4,433.50 54,668.75 50,000.00 (4,668.75) 109.34%
<br />Other Equipment (1,497.84) (2,247.88) 0.00 2,247.88 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 9,189.45 143,426.52 141,000.00 (2,426.52) 101.72%
<br />(Expense)
<br />INCOME BEFORE OPERATING 36,493.82 96,738.30 81,000.00 (15,738.30) 119.43%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 36,493.82 96,738.30 81,000.00 (15,738.30) 119.43%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 36,493.82 96,738.30 81,000.00 (15,738.30) 119.43%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />11/21/2007
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<br />10:07 AM
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<br />budget report sewer 07.xls
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