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<br /> Sewer Fund
<br /> Monthly Financial Report
<br /> Month Ended June 30, 2008
<br /> MTD YTD Budget Variance
<br /> 6/30/08 2008 2008 +(-)
<br />Operating Revenue:
<br />Charges for Services 3,997.44 145,292.91 350,000.00 204,707.09 41.51%
<br />Total Operating Revenue 3,997.44 145,292.91 350,000.00 204,707.09 41.51%
<br />Operating Expenses:
<br />Salaries and Benefits 6,521.54 37,666.45 75,000.00 37,333.55 50.22%
<br />Professional Services 3,782.20 13,185.19 30,000.00 16,814.81 43.95%
<br />Supplies 15.00 3,249.78 10,000.00 6,750.22 32.50%
<br />MCES Disposal Charges 13,530.63 94,714.41 200,000.00 105,285.59 47.36%
<br />Utilities 217.16 1,357.48 5,000.00 3,642.52 27.15%
<br />Depreciation 0.00 0.00 100,000.00 100,000.00 0.00%
<br />Total Operating Expenses 24,066.53 150,173.31 420,000.00 269,826.69 35.76%
<br />OPERATING INCOME (20,069.09) (4,880.40) (70,000.00) (65,119.60) 0.00%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 5,245.37 35,834.91 70,000.00 34,165.09 51.19%
<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 5,245.37 (365,331.09) 70,000.00 435,331.09 -521.90%
<br />(Expense)
<br />INCOME BEFORE OPERATING (14,823.72) (370,211.49) 0.00 370,211.49 #DIV/O!
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME (14,823.72) (370,211.49) 0.00 370,211.49 #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 (14,823.72) (370,211.49) 0.00 370,211.49 #DIV/O!
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />7/312008
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<br />11 :20 AM
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<br />budget report sewer 08
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