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<br /> (,.(JII,IIudtted
<br /> Water 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 27,161.80 89,378.64 330,000.00 240,621.36 27.08%
<br />Total Operating Revenue 27,161.80 89,378.64 330,000.00 240,621.36 27.08%
<br />Operating Expenses:
<br />Salaries and Benefits 7,914.31 30,791.71 75,000.00 44,208.29 41.06%
<br />Professional Services 0.00 0.00 40,000.00 40,000.00 0.00%
<br />Supplies 17,338.35 34,561.31 30,000.00 (4,561.31) 115.20%
<br />Other Services and Charges 1,524.00 3,048.00 40,000.00 36,952.00 7.62%
<br />Utilities 616.96 3,952.89 5,000.00 1,047.11 79.06%
<br />Depreciation 0.00 0.00 155,000.00 155,000.00 0.00%
<br />Total Operating Expenses 27,393.62 72,353.91 345,000.00 272,646.09 20.97%
<br />OPERATING INCOME (231.82) 17,024.73 (15,000.00) (32,024.73) -113.50%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 230.23 7,891.41 15,000.00 7,108.59 52.61%
<br />Special Assessments 0.00 0.00 0.00 0.00 0.00%
<br />Hook up Fees and Unit Charges 2,075.00 4,188.00 0.00 (4,188.00) 0.00%
<br />Other Equipment 0.00 (213,085.80) 0.00 213,085.80 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 20.22 53.83 0.00 (53.83) 0.00%
<br />Refunds & Reimbursements Exp 0.00 0.00 0.00 0.00 0.00%
<br />Total Nonoperating Revenue 2,325.45 (200,952.56) 15,000.00 215,952.56 -1339.68%
<br />(Expense)
<br />INCOME BEFORE OPERATING 2,093.63 (183,927.83) 0.00 183,927.83 0.00%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 2,093.63 (183,927.83) 0.00 183,927.83 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 2,093.63 (183,927.83) 0.00 183,927.83 0.00%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
<br />
<br />
<br />6/11/2008
<br />
<br />9:48 AM
<br />
<br />budget report water 08
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