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<br /> Sewer Fund
<br /> Monthly Financial Report
<br /> Month Ended November 30, 2008
<br /> '~'.Jf~..
<br /> 9*.~
<br /> MTD YTD Budget Variance % of Budget
<br /> 11/30/08 2008 2008 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 0.00 206,529.21 350,000.00 143,470.79 59.01 %
<br />Total Operating Revenue 0.00 206,529.21 350,000.00 143,470.79 59.01%
<br />Operating Expenses:
<br />Salaries and Benefits 6,114.23 73,402.98 75,000.00 1,597.02 97.87%
<br />Professional Services 0.00 19,378.69 30,000.00 10,621.31 64.60%
<br />Supplies 7,711.40 12,683.70 10,000.00 (2,683.70) 126.84%
<br />MCES Disposal Charges 13,530.63 162,367.56 200,000.00 37,632.44 81.18%
<br />Utilities 204.33 2,695.91 5,000.00 2,304.09 53.92%
<br />Depreciation 0.00 0.00 100,000.00 100,000.00 0.00%
<br />Total Operating Expenses 27,560.59 270,528.84 420,000.00 149,471.16 64.41 %
<br />OPERATING INCOME (27,560.59) (63,999.63) (70,000.00) (6,000.37) 0.00%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 3,334.09 56,874.70 70,000.00 13,125.30 81.25%
<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 7,365.14 (406,865.55) 0.00 406,865.55 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 10,699.23 (319,055.18) 70,000.00 389,055.18 -455.79%
<br />(Expense)
<br />INCOME BEFORE OPERATING (16,861.36) (383,054.81 ) 0.00 383,054.81 0.00%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME (16,861.36) (383,054.81) 0.00 383,054.81 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 (16,861.36) (383,054.81) 0.00 383,054.81 0.00%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
<br />
<br />
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<br />12/9/2008
<br />
<br />2:28 PM
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<br />budget report sewer 08
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