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<br />Water Fund
<br />Monthly Financial Report
<br />Month Ended November 30, 2007
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<br /> MTD YTD Budget Variance % of Budget
<br /> 11/30/07 2007 2007 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 36,307.34 188,606.20 225,000.00 36,393.80 83.82%
<br />Total Operating Revenue 36,307.34 188,606.20 225,000.00 36,393.80 83.82%
<br />Operating Expenses:
<br />Salaries and Benefits 8,155.22 67,993.57 70,000.00 2,006.43 97.130/0
<br />Professional Services 0.00 5,073.39 35,000.00 29,926.61 14.50%
<br />Supplies 1 ,374.23 27,710.19 55,000.00 27,289.81 50.380/0
<br />Other Services and Charges 1 ,524.81 5,920.03 6,000.00 79.97 98.67%
<br />Utilities 823.19 5,318.89 3,000.00 (2,318.89) 177.300/0
<br />Depreciation 0.00 0.00 82,000.00 82,000.00 0.000A>>
<br />Total Operating Expenses 11 ,877.45 112,016.07 251,000.00 138,983.93 44.63%
<br />OPERATING INCOME 24,429.89 76,590.13 (26,000.00) (102,590.13) -294.58%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 288.38 22,926.52 30,000.00 7,073.48 76.420/0
<br />Special Assessments 0.00 17,951.65 30,000.00 12,048.35 59.840/0
<br />Hook up Fees and Unit Charges 20.00 55,796.15 35,000.00 (20,796.15) 159.42%
<br />Other Equipment 0.00 (6,493.88) 0.00 6,493.88 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 89.77 5,960.65 0.00 (5,960.65) 0.000/0
<br />Refunds & Reimbursements Exp 0.00 (0.28) 0.00 0.28 0.00%
<br />Total Nonoperating Revenue 398~15 96,056.57 95,000.00 (1,056.57) 101.110/0
<br />(Expense)
<br />INCOME BEFORE OPERATING 24,828.04 172,646.70 69,000.00 (103,646.70) 250.210/0
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.000/0
<br />NET INCOME 24,828.04 172,646.70 69,000.00 (103,646.70) 250.210/0
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.000/0
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 24,828.04 172,646.70 69,000.00 (103,646.70) 250.210/0
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />12/21/2007
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<br />2:55 PM
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<br />budget report water 07.xls
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