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<br /> WUludft:ed
<br /> Water Fund
<br /> Monthly Financial Report
<br /> Month Ended May 31, 2004
<br /> % of year-
<br /> 41.67%
<br /> MTD YTD Budget Variance % of Budget
<br /> 05131104 2004 2004 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 23,548.10 25,892.77 175,000.00 149,107.23 14.80%
<br />Total Operating Revenue 23,548.10 25,892.n 175,000.00 149,107.23 14.80%
<br />Operating Expenses:
<br />Salaries and Benefits 3,703.40 17,141.42 63,779 00 46,637.58 26.88%
<br />Supplies 17.02 3,084.91 31,100.00 28,015.09 9.92%
<br />Other Services and Charges 15,364.83 20,278.07 19,050.00 (1,228.07) 106.45%
<br />Utilities 365.67 1,027.64 3,000.00 1,972.36 34.25%
<br />Depreciation 0.00 0.00 30,500.00 30,500.00 0.00%
<br />Total Operating Expenses 19,450.92 41,532.04 147,429.00 105,896.96 28.17%
<br />OPERATING INCOME 4,097.18 (15,639.27) 27,571.00 43,210.27 -56.72%
<br />Nonoperating Revenue (Expense)
<br />Interest on Investments 340.00 8,665.00 15,000.00 6,33500 57.77%
<br />Special Assessments 17,445.55 17,445.55 40,000.00 22,554.45 43.61%
<br />Hook up Fees and Unit Charges 1,806.86 14,14652 75,000.00 60,853.48 18.86%
<br />Interest Expense 0.00 (895.82) (9,190.00) (8,294.18) 9.75%
<br />Refunds & Reimbursements Rev 33.60 426.61 5,000.00 4,573.39 8.53%
<br />Refunds & Reimbursements Exp (1,052.00) (2,214.00) (5,000.00) (2,786.00) 44.28%
<br />Total Nonoperating Revenue 18,574.01 37,573.86 120,810.00 83,236.14 31.10%
<br />(Expense)
<br />INCOME BEFORE OPERATING 22,671.19 21,934.59 148,381.00 126,446.41 14.78%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT (3,635.00) (3,635.00) 0.00 3,635.00 NJA
<br />NET INCOME 19,036.19 18,299.59 148,381.00 130,081.41 12.33%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 19,036.19 18,299.59 148,381.00 130,081.41 12.33%
<br />EARNINGS
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<br />6/2/2004
<br />
<br />1:53 PM
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<br />budget report water May 04.xls
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