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<br /> Sewer Fund
<br /> Monthly Financial Report
<br /> Month Ended August 31, 2008
<br /> MTD YTD Budget Variance % of Budget
<br /> 8/31/08 2008 2008 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 51,691.74 214,321.23 350,000.00 135,678.77 61.23%
<br />Total Operating Revenue 51,691.74 214,321.23 350,000.00 135,678.77 61.23%
<br />Operating Expenses:
<br />Salaries and Benefits 6,817.30 51,372.64 75,000.00 23,627.36 68.50%
<br />Professional Services 0.00 19,288.69 30,000.00 10,711.31 64.30%
<br />Supplies 462.39 4,247.51 10,000.00 5,752.49 42.48%
<br />MCES Disposal Charges 13,530.63 121,775.67 200,000.00 78,224.33 60.89%
<br />Utilities 267.25 2,027.83 5,000.00 2,972.17 40.56%
<br />Depreciation 0.00 0.00 100,000.00 100,000.00 0.00%
<br />Total Operating Expenses 21,077.57 198,712.34 420,000.00 221,287.66 47.31%
<br />OPERATING INCOME 30,614.17 15,608.89 (70,000.00) (85,608.89) 0.00%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 12,290.31 49,106.73 70,000.00 20,893.27 70.15%
<br />Special Assessments 0.00 15,730.92 0.00 (15,730.92) 0.00%
<br />Hook up Fees and Unit Charges 13,300.50 15,518.75 0.00 (15,518.75) 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 25,590.81 (320,809.60) 70,000.00 390,809.60 -458.30%
<br />(Expense)
<br />INCOME BEFORE OPERATING 56,204.98 (305,200.71) 0.00 305,200.71 #DIV/O!
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 56,204.98 (305,200.71) 0.00 305,200.71 #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 56,204.98 (305,200.71 ) 0.00 305,200.71 #DIV/O!
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />9/1 0/2008
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<br />11:55 AM
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<br />budget report sewer 08
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