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<br />Water Fund
<br />Monthly Financial Report
<br />Month Ended June 30, 2007
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<br /> MTD YTD Budget Variance ok of Budget
<br /> 6/30/07 2007 2007 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 3,941.29 94,705.40 225,000.00 130,294.60 42.090/0
<br />Total Operating Revenue 3,941.29 94,705.40 225,000.00 130,294.60 42.09%
<br />Operating Expenses:
<br />Salaries and Benefits 5,896.79 37,444.07 70,000.00 32,555.93 53.490/0
<br />Professional Services 0.00 50.50 35,000.00 34,949.50 0.14%
<br />Supplies 803.80 19,174.63 55,000.00 35,825.37 34.860/0
<br />Other Services and Charges 0.00 2,930.00 6,000.00 3,070.00 48.83%
<br />Utilities 201.61 1,520.59 3,000.00 1,479.41 50.69%
<br />Depreciation 0.00 0.00 82,000.00 82,000.00 0.000/0
<br />Total Operating Expenses 6,902.20 61,119.79 251,000.00 189,880.21 24.35%
<br />OPERATING INCOME (2,960.91 ) 33,585.61 (26,000.00) ( 59,585.61 ) -129.18%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 835.55 8,990.96 30,000.00 21,009.04 29.97010
<br />Special Assessments 0.00 4,469.77 30,000.00 25,530.23 14.90%
<br />Hook up Fees and Unit Charges 2,095.00 42,856.15 35,000.00 (7,856.15) 122.450/0
<br />Other Equipment 0.00 (880.28) 0.00 880.28 0.00%
<br />I nterest Expense 0.00 0.00 0.00 0.00 0.00010
<br />Community Development Exp 84.24 84.24 0.00 (84.24) 0.000/0
<br />Refunds & Reimbursements Rev 2.27 127.30 0.00 (127.30) 0.00%
<br />Refunds & Reimbursements Exp 0.00 (4,759.28) 0.00 4,759.28 0.00010
<br />Total Nonoperating Revenue 3,017.06 50,888.86 95,000.00 44, 111.14 53.57%
<br />(Expense)
<br />INCOME BEFORE OPERATING 56.15 84,474.47 69,000.00 (15,474.47) 122.43%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 56.15 84,474.47 69,000.00 (15,474.47) 122.43%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 56.15 84,474.47 69,000.00 (15,474.47) 122.43%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
<br />
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<br />7/24/2007
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<br />3:22 PM
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<br />budget report water 07.xls
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