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<br />Sewer Fund
<br />Monthly Financial Report
<br />Month Ended June 30, 2007
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<br /> MTD YTD Budget Variance % of Budget
<br /> 6/30/07 2007 2007 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 4,568.06 145,595.47 260,000.00 114,404.53 56.000/0
<br />Total Operating Revenue 4,568.06 145,595.47 260,000.00 114,404.53 56.00%
<br />Operating Expenses:
<br />Salaries and Benefits 5,982.70 55,761.65 65,000.00 9,238.35 85.79%
<br />Professional Services 1,637.50 1,637.50 5,000.00 3,362.50 32.750/0
<br />Supplies 0.00 8,471.92 10,000.00 1,528.08 84.720/0
<br />MCES Disposal Charges 12,344.38 74,066.28 149,000.00 74,933.72 49.71%
<br />Utilities 326.28 1,122.77 1,000.00 (122.77) 112.280/0
<br />Depreciation 0.00 0.00 90,000.00 90,000.00 0.000/0
<br />Total Operating Expenses 20,290.86 141,060.12 320,000.00 178,939.88 44.08%
<br />OPERATING INCOME (15,722.80) 4,535.35 (60,000.00) (64,535.35) 0.00%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 3,290.44 35,799.21 60,000.00 24,200.79 59.67%
<br />Special Assessments 0.00 327.78 40,000.00 39,672.22 0.82%
<br />Hook up Fees and Unit Charges 0.00 43,585.00 50,000.00 6,415.00 87.170/0
<br />Other Equipment 0.00 (750.04) 0.00 750.04 0.000/0
<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 0.000/0
<br />Total Nonoperating Revenue 3,290.44 78,961.95 141,000.00 62,038.05 56.00%
<br />(Expense)
<br />INCOME BEFORE OPERATING (12,432.36) 83,497.30 81,000.00 (2,497.30) 103.08%
<br />TRANSFERS
<br />OPERA liNG TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME (12,432.36) 83,497.30 81,000.00 (2,497.30) 103.08%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED ( 12,432.36) 83,497.30 81,000.00 (2,497.30) 103.08%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />7/24/2007
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<br />3:28 PM
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<br />budget report sewer 07.xls
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