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154 Water Fund Summary <br /> 155 The following table depicts the 2011 financial activity for the Water Fund for the fiscal period ending <br /> 156 September 30,2011 (unaudited). <br /> 157 <br /> 2011 2011 <br /> Budget Actual Actual Expect. Diff. <br /> Revenues <br /> Charges for services $5,938,000 $3,369,997 56.8% 53.9% 2.9% <br /> Interest earnings - - n/a n/a n/a <br /> Miscellaneous 2,000 15,245 762.3% 158.6% 603.6% <br /> Total Revenues $5,940,000 $3,385,242 57.0% 53.9% 3.1% <br /> Expenditures <br /> Water operations 7,070,815 4,013,268 56.8% 60.1% -3.3% <br /> Other - - n/a n/a n/a <br /> 158 Total Expenditures $7,070,815 $4,013,268 56.8% 60.1% -3.3% <br /> 159 <br /> 160 Comments: <br /> 161 Water Fund revenues and expenditures are near expected levels. <br /> 162 <br /> 163 The Water Fund is currently in poor fmancial condition with virtually no cash reserves;although the Fund's <br /> 164 overall fmancial condition has been improving in recent years. An internal loan has been made from the <br /> 165 Sanitary Sewer Fund to the Water Fund to cover prior period operating losses. Future rate increases will be <br /> 166 needed to repay the internal loan and to offset projected increases in operational and capital replacement <br /> 167 Costs. <br /> 168 <br /> 169 <br /> Page 10 of 13 <br />