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170 Storm Sewer Fund Summary <br /> 171 The following table depicts the 2011 fmancial activity for the Storm Sewer Fund for the fiscal period <br /> 172 ending September 30,2011 (unaudited). <br /> 173 <br /> 2011 2011 <br /> Budget Actual Actual Expect. Diff. <br /> Revenues <br /> Charges for services $ 871,000 $ 579,192 66.5% 52.3% 14.2% <br /> Interest earnings 65,000 - 0.0% 0.0% 0.0% <br /> Miscellaneous 35,000 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 /> 174 Total Expenditures $1,782,344 $1,214,487 68.1% 47.1% 21.0% <br /> 175 <br /> 176 Comments: <br /> 1 7 r Storm Sewer Fund revenues are higher than expected levels based on the 3-year average,but comparable to <br /> 1 i8 2008 and 2010 levels. Expenditures were higher than expected compared to the average due to higher <br /> 179 capital improvement costs which can fluctuate significantly from year to year. <br /> 180 <br /> 181 The Storm Sewer Fund is currently in excellent fmancial condition with a cash reserve of$2.6 million. This <br /> 182 reserve level is expected to decline over the next 10 years due to planned capital improvements. Future rate <br /> 183 increases will partially offset the draw down of reserves. <br /> 184 <br /> Page 11 of 13 <br />