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Sanitary Sewer Fund Summary <br />160 <br />The following table depicts the 2013 financial activity for the Sanitary Sewer Fund for the fiscal period <br />161 <br />ending March 31, 2013 (unaudited). <br />162 <br />163 <br />20132013%% <br />BudgetActualActualExpect.Diff. <br />Revenues <br />Charges for services5,039,175$ 658,203$ 13.1%8.9%4.2% <br />Interest earnings75,000 - 0.0%0.0%0.0% <br />Total Revenues$ 658,2035,114,175$ 12.9%8.7%4.2% <br />Expenditures <br />Sanitary Sewer operations <br /> 516,4775,114,175 10.1%11.3%-1.2% <br />Total Expenditures$ 516,4775,114,175$ 10.1%11.3%-1.2% <br />164 <br />165 <br />Comments: <br />166 <br />Sanitary Sewer Fund revenues and expenditures are near expected levels. <br />167 <br />168 <br />The Sanitary Sewer Fund is currently in excellent financial condition with $1.7 million in available <br />169 <br />cash reserves for operations and capital replacements. This reserve level is expected to decline over the <br />170 <br />next 10 years due to planned capital improvements. Inflationary-type rate increases will be needed in <br />171 <br />the future to maintain financial sustainability. An internal loan has been made to the Water Fund to <br />172 <br />cover that fund’s prior-period operating losses. It is expected to be repaid over the next 3-5 Years. <br />173 <br />174 <br />Page 9 of 13 <br /> <br />