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1 7(,) Storm Sewer Fund Summary <br /> 1 7 1 The following table depicts the 2011 financial activity for the Storm Sewer Fund for the fiscal period <br /> Ti 7,2 ending September 30, 2011 (unaudited). <br /> 2011 2011 % % <br /> Buffet Actual Actual Expect. Diff. <br /> Revenues <br /> Charges for services $ 87100 $ 579,192 66.5% 52.3% 14.2% <br /> Interest earnings 6500 - 0.0% 0.0% 0.0% <br /> Miscellaneous 3500 28,129 80.4% 186.1% -105.7% <br /> Total Revenues $ 971,000 $ 607,321 62.5% 49.2% 13.3% <br /> Expenditures <br /> Storm Drainage operations 1,782,344 1,214,487 68.1% 47.1% 21.0% <br /> Other - - n/a n/a n/a <br /> 1 4 Total Expenditures $1,782,344 $1,214,487 68.1% 47.1% 21.0% <br /> 1��°6 Comments: <br /> 1�77�77 Storm Sewer Fund revenues are higher than expected levels based on the 3-year average,but comparable to <br /> 1 TB 2008 and 2010 levels. Expenditures were higher than expected compared to the average due to higher <br /> 1"79 capital improvement costs which can fluctuate significantly from year to year. <br /> Ti,113 Ti The Storm Sewer Fund is currently in excellent financial condition with a cash reserve of$2.6 million. This <br /> H"32 reserve level is expected to decline over the next 10 years due to planned capital improvements. Future rate <br /> 1,"3,,:311� increases will partially offset the draw down of reserves. <br /> " 4 <br /> Page 11 of 13 <br />