2008_0721_packet - Laserfiche WebLink

Home

200 Water Fund Summary 2 ('-) 'i The following table depicts the 2008 financial activity for the Water Fund for the fiscal period ending June 1 202 302 2008 (unaudited). 203 Revenues Charges for services Interest earnings Miscellaneous Total Revenues Expenditures Water op erations Other Total Expenditures 2008 2008 Bum d ge,- -it Actual 5.1242.1560 1.1163.1233 2.1000 -1 2.1000 6.1700 $ 5.1246.1560 $ 1.1169.1933 22.3% 20.0% 2.3% 5.1173.1800 1.1515.1627 29.3% 33.3% -4.0% -1 -1 n/a n/a n/a $ 5.1173.1800 $ 1.1515.1627 29.3% 33.3% -,4.0% 204 2 ('-) 5 Comments.- 2(36 Water Fund revenues are slightly above and expenditures are slightly below expected levels. 207 The Water Fund is currently in poor financial condition with no cash reserves. Although a positive 2('-)9 operating surplus was realized in 2007, an internal loan of $,500,000 has been made from the Sanitary 2 10 Sewer Fund to the Water Fund to cover prior period operating losses. Future rate increases will be needed 2 11 to repay the internal loan and to offset projected increases in operational and capital replacement costs. 2 12 Page I I of 15 Actual Expect. Diff. 22.2% 20.0% 2.2% 335.0% 60.0% 275.0% $ 5.1246.1560 $ 1.1169.1933 22.3% 20.0% 2.3% 5.1173.1800 1.1515.1627 29.3% 33.3% -4.0% -1 -1 n/a n/a n/a $ 5.1173.1800 $ 1.1515.1627 29.3% 33.3% -,4.0% 204 2 ('-) 5 Comments.- 2(36 Water Fund revenues are slightly above and expenditures are slightly below expected levels. 207 The Water Fund is currently in poor financial condition with no cash reserves. Although a positive 2('-)9 operating surplus was realized in 2007, an internal loan of $,500,000 has been made from the Sanitary 2 10 Sewer Fund to the Water Fund to cover prior period operating losses. Future rate increases will be needed 2 11 to repay the internal loan and to offset projected increases in operational and capital replacement costs. 2 12 Page I I of 15