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<br /> UJ4Itudtted
<br /> Sewer Fund
<br /> Monthly Financial Report
<br /> Month Ended May 31, 2008
<br /> % of year -
<br /> 41.67%
<br /> MTD YTD Budget Variance % of Budget
<br /> 5/31/08 2008 2008 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 46,351.31 141,295.47 350,000.00 208,704.53 40.37%
<br />Total Operating Revenue 46,351.31 141,295.47 350,000.00 208,704.53 40.37%
<br />Operating Expenses:
<br />Salaries and Benefits 7,955.00 31,144.91 75,000.00 43,855.09 41.53%
<br />Professional Services 6,356.89 9,402.99 30,000.00 20,597.01 31.34%
<br />Supplies 441.00 3,234.78 10,000.00 6,765.22 32.35%
<br />MCES Disposal Charges 13,530.63 81,183.78 200,000.00 118,816.22 40.59%
<br />Utilities 249.73 1,140.32 5,000.00 3,859.68 22.81%
<br />Depreciation 0.00 0.00 100,000.00 100,000.00 0.00%
<br />Total Operating Expenses 28,533.25 126,106.78 420,000.00 293,893.22 30.03%
<br />OPERA TING INCOME 17,818.06 15,188.69 (70,000.00) (85,188.69) 0.00%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 613.61 30,589.54 70,000.00 39,410.46 43.70%
<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 (314.00) 0.00 314.00 0.00%
<br />Total Nonoperating Revenue 613.61 (370,576.46) 70,000.00 440,576.46 -529.39%
<br />(Expense)
<br />INCOME BEFORE OPERATING 18,431.67 (355,387.77) 0.00 355,387.77 #DIV/O!
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 18,431.67 (355,387.77) 0.00 355,387.77 #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 18,431.67 (355,387.77) 0.00 355,387.77 #DIV/OI
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
<br />
<br />
<br />6/11/2008
<br />
<br />9:30 AM
<br />
<br />budget report sewer 08
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