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<br /> Water Fund
<br /> Monthly Financial Report
<br /> Month Ended August 31, 2008
<br /> MTD YTD Budget Variance % of Budget
<br /> 8131108 2008 2008 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 38,372.29 141,981.53 330,000.00 188,018.47 43.02%
<br />Total Operating Revenue 38,372.29 141,981.53 330,000.00 188,018.47 43.02%
<br />Operating Expenses:
<br />Salaries and Benefits 7,597.17 53,419.61 75,000.00 21,580.39 71.23%
<br />Professional Services 0.00 6,000.00 40,000.00 34,000.00 15.00%
<br />Supplies 3,048.94 44,440.00 30,000.00 (14,440.00) 148.13%
<br />Other Services and Charges 1,524.00 4,572.00 40,000.00 35,428.00 11.43%
<br />Utilities 1,600.13 6,831.37 5,000.00 (1,831.37) 136.63%
<br />Depreciation 0.00 0.00 155,000.00 155,000.00 0.00%
<br />Total Operating Expenses 13,770.24 115,262.98 345,000.00 229,737.02 33.41%
<br />OPERATING INCOME 24,602.05 26,718.55 (15,000.00) (41,718.55) -178.12%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 425.59 10,653.37 15,000.00 4,346.63 71.02%
<br />Special Assessments 0.00 22,750.10 0.00 (22,750.10) 0.00%
<br />Hook up Fees and Unit Charges 10,525.00 27,183.00 0.00 (27,183.00) 0.00%
<br />Other Equipment (1,000.00) (214,085.80) 0.00 214,085.80 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 3,843.68 5,182.99 0.00 (5,182.99) 0.00%
<br />Refunds & Reimbursements Exp 0.00 0.00 0.00 0.00 0.00%
<br />Total Nonoperating Revenue 13,794.27 (148,316.34) 15,000.00 163,316.34 -988.78%
<br />(Expense)
<br />INCOME BEFORE OPERATING 38,396.32 (121,597.79) 0.00 121,597.79 0.00%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 38,396.32 (121,597.79) 0.00 121,597.79 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 38,396.32 (121,597.79) 0.00 121,597.79 0.00%
<br /> c
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />911012008
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<br />11 :48 AM
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<br />budget report water 08
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