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<br /> fA.Vl,Rwitteti
<br /> Water Fund
<br />. ~.d. Monthly Financial Report
<br />:~,< f~.' . ~'.'
<br />.- :~rlf:',j1ii$1i.' " 1m' Month Ended March 31, 2008
<br />~'::~~~.. ',If. .
<br /> _ri % of year -
<br /> '7_"'~. 25.00%
<br /> MTD YTD Budget Variance % of Budget
<br /> 3/31/08 2008 2008 +(-) Used
<br /> Operating Revenue:
<br /> Charges for Services 2,580.17 50,011.29 330,000.00 279,988.71 15.15%
<br /> Total Operating Revenue 2,580.17 50,011.29 330,000.00 279,988.71 15.15%
<br /> Operating Expenses:
<br /> Salaries and Benefits 6,635.84 17,244.56 75,000.00 57,755.44 22.99%
<br /> Professional Services 0.00 0.00 40,000.00 40,000.00 0.00%
<br /> Supplies 442.99 2,673.17 30,000.00 27,326.83 8.91%
<br /> Other Services and Charges 0.00 1,524.00 40,000.00 38,476.00 3.81%
<br /> Utilities 953.39 2,766.51 5,000.00 2,233.49 55.33%
<br /> Depreciation 0.00 0.00 155,000.00 155,000.00 0.00%
<br /> Total Operating Expenses 8,032.22 24,208.24 345,000.00 320,791.76 7.02%
<br /> OPERATING INCOME (5,452.05) 25,803.05 (15,000.00) (40,803.05) -172.02%
<br /> Nonoperating Revenue (Expense)
<br /> Interest on Investments 3,880.53 6,859.82 15,000.00 8,140.18 45.73%
<br /> Special Assessments 0.00 0.00 0.00 0.00 0.00%
<br />. Hook up Fees and Unit Charges 2,075.00 2,113.00 0.00 (2,113.00) 0.00%
<br />Other Equipment 0.00 (206,678.60) 0.00 206,678.60 0.00%
<br /> Interest Expense 0.00 0.00 0.00 0.00 0.00%
<br /> Community Development Exp 0.00 0.00 0.00 0.00 0.00%
<br /> Refunds & Reimbursements Rev 1.83 13.06 0.00 (13.06) 0.00%
<br /> Refunds & Reimbursements Exp 0.00 0.00 0.00 0.00 0.00%
<br /> Total Nonoperating Revenue 5,957.36 (197,692.72) 15,000.00 212,692.72 -1317.95%
<br /> (Expense)
<br /> INCOME BEFORE OPERATING 505.31 (171,889.67) 0.00 171,889.67 0.00%
<br /> TRANSFERS
<br /> OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br /> NET INCOME 505.31 (171,889.67) 0.00 171,889.67 0.00%
<br /> CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br /> CONTRIBUTED ASSETS
<br /> NET INCREASE IN RETAINED 505.31 (171,889.67) 0.00 171,889.67 0.00%
<br /> EARNINGS
<br /> PREPARED BY:
<br /> JOHN MEYER
<br /> FINANCE DIRECTOR
<br />.
<br /> 4/28/2008 8:45 AM budget report water 08
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