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<br /> Water Fund
<br /> Monthly Financial Report
<br /> Month Ended October 31, 2008
<br /> MTD YTD Budget Variance % of Budget
<br /> 10/31/08 2008 2008 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 30,356.91 176,933.57 330,000.00 153,066.43 53.62%
<br />Total Operating Revenue 30,356.91 176,933.57 330,000.00 153,066.43 53.62%
<br />Operating Expenses:
<br />Salaries and Benefits 9,696.02 69,140.00 75,000.00 5,860.00 92.19%
<br />Professional Services 0.00 6,000.00 40,000.00 34,000.00 15.00%
<br />Supplies 4,656.16 51,470.36 30,000.00 (21,470.36) 171.57%
<br />Other Services and Charges 0.00 4,572.00 40,000.00 35,428.00 11.43%
<br />Utilities 623.91 9,052.95 5,000.00 (4,052.95) 181.06%
<br />Depreciation 0.00 0.00 155,000.00 155,000.00 0.00%
<br />Total Operating Expenses 14,976.09 140,235.31 345,000.00 204,764.69 40.65%
<br />OPERATING INCOME 15,380.82 36,698.26 (15,000.00) (51,698.26) -244.66%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 557.84 12,316.99 15,000.00 2,683.01 82.11 %
<br />Special Assessments 0.00 24,887.39 0.00 (24,887.39) 0.00%
<br />Hook up Fees and Unit Charges 70.00 30,151.66 0.00 (30,151.66) 0.00%
<br />Other Equipment 0.00 (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 283.32 5,810.73 0.00 (5,810.73) 0.00%
<br />Refunds & Reimbursements Exp 0.00 0.00 0.00 0.00 0.00%
<br />Total Nonoperating Revenue 911.16 (140,919.03) 15,000.00 155,919.03 -939.46%
<br />(Expense)
<br />INCOME BEFORE OPERATING 16,291.98 (104,220.77) 0.00 104,220.77 0.00%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 16,291.98 (104,220.77) 0.00 104,220.77 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 16,291.98 (104,220.77) 0.00 104,220.77 0.00%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />11/14/2008
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<br />8:48 AM
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<br />budget report water 08
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