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<br /> Sewer Fund
<br /> Monthly Financial Report
<br /> Month Ended December 31, 2007
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<br /> MTD YTD Budget Variance % of Budget
<br /> 12/31/07 2007 2007 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 1 ,441.03 200,403.96 260,000.00 59,596.04 77.08%
<br />Total Operating Revenue 1,441.03 200,403.96 260,000.00 59,596.04 77.08%
<br />Operating Expenses:
<br />Salaries and Benefits 5,845.29 74,753.00 65,000.00 (9,753.00) 115.00%
<br />Professional Services 900.00 8,673.67 5,000.00 (3,673.67) 173.47O,lc>>
<br />Supplies 15.00 11,284.28 10,000.00 (1,284.28) 112.84%
<br />MCES Disposal Charges 0.00 148,131.96 149,000.00 868.04 99.42%
<br />Utilities 223.57 2,472.21 1,000.00 (1,472.21 ) 247.220/0
<br />Depreciation 0.00 0.00 90,000.00 90,000.00 0.000/0
<br />Total Operating Expenses 6,983.86 245,315.12 320,000.00 74,684.88 76.660/0
<br />OPERATING INCOME (5,542.83) (44,911.16) (60,000.00) (15,088.84) 0.000/0
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 13,771.41 98,753.30 60,000.00 (38,753.30) 164.590/0
<br />Special Assessments 6,454.63 13,511.65 40,000.00 26,488.35 33.780/0
<br />Hook up Fees and Unit Charges 0.00 54,668.75 50,000.00 (4,668.75) 109.34%
<br />Other Equipment 0.00 (1,309.94 ) 0.00 1,309.94 0.000/0
<br />Interest Expense 0.00 0.00 (9,OOO.00) (9,000.00) 0.000/0
<br />Refunds & Reimbursements Rev 52.67 52.67 0.00 (52.67) 0.00%
<br />Refunds & Reimbursements Exp 0.00 0.00 0.00 0.00 0.000/0
<br />Total Nonoperating Revenue 20,278.71 165,676.43 141,000.00 (24,676.43) 117.500/0
<br />(Expense)
<br />INCOME BEFORE OPERATING 14,735.88 120,765.27 81,000.00 (39,765.27) 149.090/0
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.000/0
<br />NET INCOME 14,735.88 120,765.27 81,000.00 (39,765.27) 149.09%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.000/0
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 14,735.88 120,765.27 81,000.00 (39,765.27) 149.09%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
<br />
<br />
<br />117/2008
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<br />2:01 PM
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<br />budget report sewer 07.xls
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