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Storm Sewer Fund Summary <br />191 <br />The following table depicts the 2013 financial activity for the Storm Sewer Fund for the fiscal period <br />192 <br />ending March 31, 2013 (unaudited). <br />193 <br />194 <br />20132013%% <br />ActualActualExpect.Diff. <br />Budget <br />Revenues <br />Charges for services1,931,915$ 211,934$ 11.0%8.7%2.3% <br />Interest earnings65,000 - 0.0%0.0%0.0% <br />Miscellaneous35,000 28,339 81.0%6.0%75.0% <br />Total Revenues$ 240,2722,031,915$ 11.8%8.2%3.6% <br />Expenditures <br />Storm drainage operations <br /> 214,1982,031,915 10.5%16.2%-5.7% <br />Total Expenditures$ 214,1982,031,915$ 10.5%16.2%-5.7% <br />195 <br />196 <br />Comments: <br />197 <br />Storm Sewer Fund revenues and expenditures are at expected levels overall. Miscellaneous revenues <br />198 <br />were higher than expected due to the receipt of the City’s share of residual funds leftover from the <br />199 <br />dissolution of the Grass Lake Watershed District. <br />200 <br />201 <br />The Storm Sewer Fund is currently in excellent financial condition with $3.2 million in available cash <br />202 <br />reserves for operations and capital replacements. This reserve level is expected to decline over the next <br />203 <br />10 years due to planned capital improvements. Inflationary-type rate increases will be needed in the <br />204 <br />future to maintain financial sustainability. <br />205 <br />206 <br />Page 11 of 13 <br /> <br />