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<br /> Sewer 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 28,122.22 248,930.34 350,000.00 101,069.66 71.12%
<br />Total Operating Revenue 28,122.22 248,930.34 350,000.00 101,069.66 71.12%
<br />Operating Expenses:
<br />Salaries and Benefits 9,819.06 67,288.75 75,000.00 7,711.25 89.72%
<br />Professional Services 90.00 19,378.69 30,000.00 10,621.31 64.60%
<br />Supplies 709.79 4,972.30 10,000.00 5,027.70 49.72%
<br />MCES Disposal Charges 13,530.63 148,836.93 200,000.00 51,163.07 74.42%
<br />Utilities 215.35 2,491.58 5,000.00 2,508.42 49.83%
<br />Depreciation 0.00 0.00 100,000.00 100,000.00 0.00%
<br />Total Operating Expenses 24,364.83 242,968.25 420,000.00 177,031.75 57.85%
<br />OPERATING INCOME 3,757.39 5,962.09 (70,000.00) (75,962.09) 0.00%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 1,486.74 53,540.61 70,000.00 16,459.39 76.49%
<br />Special Assessments 0.00 15,730.92 0.00 (15,730.92) 0.00%
<br />Hook up Fees and Unit Charges 0.00 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 1,486.74 (316,375.72) 70,000.00 386,375.72 -451.97%
<br />(Expense)
<br />INCOME BEFORE OPERATING 5,244.13 (310,413.63) 0.00 310,413.63 #DIVIOI
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 5,244.13 (310,413.63) 0.00 310,413.63 #DIVIO!
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 5,244.13 (310,413.63) 0.00 310,413.63 #DIVIOI
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />11/14/2008
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<br />9:04 AM
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<br />budget report sewer 08
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