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Water Fund Summary <br />The following table depicts the 2013 financial activity for the Water Fund for the fiscal period ending <br />September 30, 2013 (unaudited). <br />Revenues <br />Charges for services <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />Expenditures <br />Water operations <br />Total Expenditures <br />2013 2013 % % <br />Bud�et Actual Actual Expect. Diff. <br />$ 7,839,440 $ 4,035,814 51.5% 54.0% -2.5% <br />- - n/a n/a n/a <br />2,000 - 0.0% 256.8% -256.8% <br />$ 7,841,440 $ 4,035,814 51.5% 54.1% 1.8% <br />7,841,440 4,650,551 59.3% 62.0% -2.7% <br />$ 7,841,440 $ 4,650,551 59.3% 62.0% -2.7% <br />Comments: <br />Water Fund revenues and expenditures are near expected levels. <br />The Water Fund is currently in poor financial condition with no cash reserves; although the Fund's <br />overall financial condition has been improving in recent years. An internal loan has been made from <br />the Sanitary Sewer Fund to the Water Fund to cover prior period operating losses. Future rate increases <br />will be needed to repay the internal loan and to offset projected increases in operational and capital <br />replacement costs. <br />Page 10 of 13 <br />