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<br /> Sewer Fund
<br /> Monthly Financial Report
<br /> Month Ended September 30, 2005
<br /> -
<br /> MTD YTD Budget Variance % of Budget
<br /> 09/30/05 2005 2005 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 5,071.66 208,590.78 230,000.00 21,409.22 90.69%
<br />Total Operating Revenue 5,071.66 208,590.78 230,000.00 21,409.22 90.69%
<br />Operating Expenses:
<br />Salaries and Benefits 4,472.76 43,404.17 63,779.00 20,374.83 68.05%
<br />Professional Services 0.00 55,971.50 10,000.00 (45,971.50) 559.72%
<br />Supplies 83.30 2,217.65 13,550.00 11,332.35 16.37%
<br />MCES Disposal Charges 11,457.76 114,577.60 130,000.00 15,422.40 88.14%
<br />Utilities 371.35 2,679.10 1,500.00 (1,179.10) 178.61%
<br />Depreciation 0.00 0.00 30,000.00 30,000.00 0.00%
<br />Total Operating Expenses 16,385.17 218,850.02 248,829.00 29,978.98 87.95%
<br />OPERATING INCOME (11,313.51 ) (10,259.24) (18,829.00) (8,569.76) 54.49%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 7,990.65 50,833.60 26,000.00 (24,833.60) 0.00%
<br />Special Assessments 0.00 15,891.84 50,000.00 34,108.16 31.78%
<br />Hook up Fees and Unit Charges 4,329.00 40,524.50 80,500.00 39,975.50 50.34%
<br />Other Equipment (165.24) (73,519.78) 0.00 73,519.78 0.00%
<br />Interest Expense 0.00 (8,595.00) (8,780.25) (185.25) 97.89%
<br />Refunds & Reimbursements Rev 5,551.78 5,771.38 0.00 (5,771.38) 0.00%
<br />Refunds & Reimbursements Exp 0.00 0.00 0.00 0.00 0.00%
<br />Total Nonoperating Revenue 17,706.19 30,906.54 147,719.75 116,813.21 20.92%
<br />(Expense)
<br />INCOME BEFORE OPERATING 6,392.68 20,647.30 128,890.75 108,243.45 16.02%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 6,392.68 20,647.30 128,890.75 108,243.45 16.02%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 6,392.68 20,647.30 128,890.75 108,243.45 16.02%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />10/7/2005
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<br />8:55 AM
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<br />budget report sewer september05
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