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<br /> Water 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 51,043.74 152,298.86 225,000.00 72,701.14 67.69%
<br />Total Operating Revenue 51,043.74 152,298.86 225,000.00 72,701.14 67.69%
<br />Operating Expenses:
<br />Salaries and Benefits 5,666.95 59,838.35 70,000.00 10,161.65 85.48%
<br />Professional Services 0.00 5,073.39 35,000.00 29,926.61 14.50%
<br />Supplies 5,347.70 26,335.96 55,000.00 28,664.04 47.88%
<br />Other Services and Charges 0.00 4,395.22 6,000.00 1,604.78 73.25%
<br />Utilities 1,027.72 4,495.70 3,000.00 (1,495.70) 149.86%
<br />Depreciation 0.00 0.00 82,000.00 82,000.00 0.00%
<br />Total Operating Expenses 12,042.37 100,138.62 251,000.00 150,861.38 39.90%
<br />OPERATING INCOME 39,001.37 52,160.24 (26,000.00) (78,160.24) -200.62%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 1,745.60 22,638.14 30,000.00 7,361.86 75.46%
<br />Special Assessments 0.00 17,951.65 30,000.00 12,048.35 59.84%
<br />Hook up Fees and Unit Charges 4,150.00 55,776.15 35,000.00 (20,776.15) 159.36%
<br />Other Equipment (1,497.84) (6,493.88) 0.00 6,493.88 0.00%
<br />Interest 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 176.35 5,870.88 0.00 (5,870.88) 0.00%
<br />Refunds & Reimbursements Exp 0.00 (0.28) 0.00 0.28 0.00%
<br />Total Nonoperating Revenue 4,574.11 95,658.42 95,000.00 (658.42) 100.69%
<br />(Expense)
<br />INCOME BEFORE OPERATING 43,575.48 147,818.66 69,000.00 (78,818.66) 214.23%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 43,575.48 147,818.66 69,000.00 (78,818.66) 214.23%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 43,575.48 147,818.66 69,000.00 (78,818.66) 214.23%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />11/21/2007
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<br />8:57 AM
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<br />budget report water 07.xls
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