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1 "7 8 Storm Sewer Fund Summary <br />1 "7 9 The following table depicts the 2008 financial activity for the Storm Sewer Fund for the fiscal period <br />1 ending Septemer -30, 2008 unaudited). <br />1 1 <br />Revenues <br />Charges for services <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />Expenditures <br />Storm Drainage <br />op erations <br />Other <br />2008 <br />2008 <br />% <br />% <br />uB <br />Actual <br />Actual <br />Expect. <br />Diff. <br />700.1000 <br />470.1671 <br />67.2% <br />51.2% <br />16. 1 % <br />70.1000 <br />-1 <br />0.0% <br />0.0% <br />0.0% <br />5.1000 <br />3.1219 <br />64.4% <br />n/a <br />n/a <br />775.1000 <br />473.1890 <br />61.1% <br />47.7% <br />13.4% <br />1.1326.1675 632.1369 47.7% 48.7% -1.0% <br />-1 -1 n/a n/a n/a <br />Total Expenditures $ 1.1326.1675 $ 632.1369 47.7% 48.7% -1.0% <br />'1 2 <br />183 Comments.- <br />'1 4 Storm Sewer Fund revenues are above expected levels due to timing differences in billing out 3'd quarter <br />11 111�":,,�w111111 charges as compared to previous years. Expenditures are at expected levels. <br />1 "7 The Storm Sewer Fund is currently in excellent financial condition with a cash reserve of $,2.3 million or <br />1 185% of the annual operating budget. This reserve level is expected to decline over the next 10 years due <br />1 to planned capital improvements. Future rate increases will partially offset the draw down of reserves. <br />Page 12 of 14 <br />