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<br /> Sewer Fund
<br /> Monthly Financial Report
<br /> Month Ended January 31, 2008
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<br /> MTD YTD Budget Variance % of Budget
<br /> 1/31/08 2008 2008 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 21,621.83 21,621.83 350,000.00 328,37817 6.18%
<br />Total Operating Revenue 21,621.83 21,621.83 350,000.00 328,378.17 6.18%
<br />Operating Expenses:
<br />Salaries and Benefits 4,824.40 4,824.40 75,000.00 70,175.60 6.43%
<br />Professional Services 0.00 0.00 30,000.00 30,000.00 0.00%
<br />Supplies 848.58 848.58 10,000.00 9,151.42 8.49%
<br />MCES Disposal Charges 27,061.26 27,061.26 200,000.00 172,938.74 13.53%
<br />Utilities 177.22 177.22 5,000.00 4,822.78 3.54%
<br />Depreciation 000 0.00 100,000.00 100,000.00 0.00%
<br />TOIaI Operating Expenses 32,911.46 32,911.46 420,000.00 387,088.54 7.84%
<br />OPERATING INCOME (11,289.63) (11,289.63) (70,000,00) (58,710.37) 0.00%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 4,135.95 4,135.95 70,000.00 65,864.05 5.91%
<br />Special Assessments 0.00 0.00 0.00 0.00 0.00%
<br />Hook up Fees and Unit Charges 0.00 0.00 0.00 0.00 0.00%
<br />Other Equipment (99.10) (99.10) 0.00 9910 0.00%
<br />Interest Expense 0.00 0.00 0.00 0.00 0.00%
<br />Refunds & Reimbursements Rev 0.00 0.00 000 0.00 0.00%
<br />Refunds & Reimbursements Exp 0.00 0.00 0.00 0.00 0.00%
<br />TOIaI Nonoperating Revenue 4,036.85 4,036.85 70,000.00 65,963.15 5.77%
<br />(Expense)
<br />INCOME BEFORE OPERATING (7,252.78) (7,252.78) 0.00 7,252.78 #DIV/OI
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME (7,252.78) (7,252.78) 0.00 7,252.78 #DIV/O!
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED (7,252.78) (7,252.78) 0.00 7,252.78 #DIVIO!
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />2/13/2008
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<br />11:47 AM
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<br />budget report sewer 08
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