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<br /> UJ!I,Rudtteri
<br /> Sewer Fund
<br /> Monthly Financial Report .
<br /> Month Ended March 31, 2008
<br /> % of year-
<br /> 25.00%
<br /> MTD YTD Budget Variance % of Budget
<br /> 3/31/08 2008 2008 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 3,143.90 72,633.63 350,000.00 277,366.37 20.75%
<br />Total Operating Revenue 3,143.90 72,633.63 350,000.00 277,366.37 20;75%
<br />Operating Expenses:
<br />Salaries and Benefits 6,721.96 17,530.18 75,000.00 57,469.82 23.37%
<br />Professional Services 2,449.02 2,923.12 30,000.00 27,076.88 9.74%
<br />Supplies 554.11 1,755.09 10,000.00 8,244.91 17.55%
<br />MCES Disposal Charges 13,530.63 54,122.52 200,000.00 145,877 .48 27.06%
<br />Utilities 234.86 654.22 5,000.00 4,345.78 13.08%
<br />Depreciation 0.00 0.00 100,000.00 100,000.00 0.00%
<br />Total Operating Expenses 23,490.58 76,985.13 420,000.00 343,014.87 18.33%
<br />OPERATING INCOME (20,346.68) (4,351.50) (70,000.00) (65,648.50) 0.00%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 10,342.31 27,840.18 70,000.00 42,159.82 39.77%
<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 0.00 (400,852.00) 0.00 400,852.00 0.00%
<br />Interest Expense 0.00 0.00 0.00 0.00 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 0.00%
<br />Total Nonoperating Revenue 10,342.31 (373,011.82) 70,000.00 443,011.82 -532.87%
<br />(Expense)
<br />INCOME BEFORE OPERATING (10,004.37) (377,363.32) 0.00 377,363.32 #DIV/OI
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME (10,004.37) (377,363.32) 0.00 377,363.32 #DIVlOr
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED (10,004.37) (377,363.32) 0.00 377,363.32 #DIV/Or
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
<br /> .
<br />4/28/2008 8:54 AM budget report sewer 08
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