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<br /> ~
<br /> Sewer Fund
<br /> Monthly Financial Report
<br /> Month Ended June 30, 2005
<br /> ..
<br /> MTD YTD Budget Variance % of Budget
<br /> 06/30/05 2005 2005 +(-) Used
<br />Operating Revenue:
<br />Charges for Services 5,509.73 134,215.71 230,000.00 95,784.29 58.35%
<br />Total Operating Revenue 5,509.73 134,215.71 230,000.00 95,784.29 58.35%
<br />Operating Expenses:
<br />Salaries and Benefits 6,245.61 30,052.65 63,779.00 33,726.35 47.12%
<br />Professional SelVices 4,245.25 6,400.65 10,000.00 3,599.35 0.00%
<br />Supplies 347.07 1,759.86 13,550.00 11,790.14 12.99%
<br />Other Services and Charges 0.00 0.00 0.00 0.00 0.00%
<br />Utilities 530.51 1,904.32 1,500.00 (404.32) 126.95%
<br />MCES Disposal Charges 11,457.76 80,204.32 130,000.00 49,795.68 61.70%
<br />Depreciation 0.00 0.00 30,000.00 30,000.00 0.00%
<br />Total Operating Expenses 22,826.20 120,321.80 248,829.00 128,507.20 48.36%
<br />OPERATING INCOME (17,316.47) 13,893.91 (18,829.00) (32,722.91) -73.79%
<br />Nonoperating Revenue (Expense):
<br />Interest on Investments 8,697.95 34,669.49 28,000.00 (8,669.49) 133.34%
<br />Special Assessments 0.00 459.21 50,000.00 49,540.79 0.92%
<br />Hook up Fees and Unit Charges 15,151.50 29,702.00 80,500.00 50,798.00 36.90%
<br />Interest & Fiscal Charges 0.00 (4,763.12) (8,587.25) (3,824.13) 55.47%
<br />Capital Improvement (6,115.67) (6,115.67) 0.00 6,115.67 0.00%
<br />Contributions from other Funds 0.00 0.00 0.00 0.00 0.00%
<br />Refunds & Reimbursements 0.00 0.00 0.00 0.00 0.00%
<br />Total Nonoperating Revenue 17,733.78 53,951.91 147,912.75 93,960.84 36.48%
<br />(Expense)
<br />INCOME BEFORE OPERATING 417.31 67,845.82 129,083.75 61,237.93 52.56%
<br />TRANSFERS
<br />OPERATING TRANSFERS OUT 0.00 0.00 0.00 0.00 0.00%
<br />NET INCOME 417.31 67,845.82 129,083.75 61,237.93 52.56%
<br />CREDIT FOR DEPRECIATION ON 0.00 0.00 0.00 0.00 0.00%
<br />CONTRIBUTED ASSETS
<br />NET INCREASE IN RETAINED 417.31 67,845.82 129,083.75 61,237.93 52.56%
<br />EARNINGS
<br />PREPARED BY:
<br />JOHN MEYER
<br />FINANCE DIRECTOR
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<br />7/7/2005
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<br />12:00 PM
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<br />budget report sewer June05.xls
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