Laserfiche WebLink
Storm Sewer Fund Summary <br />213 <br />The Storm Sewer Fund includes the activities associated with the City’s storm sewer collection system. <br />214 <br />Its primary funding source are fees charged to storm sewer customers. <br />215 <br />216 <br />The following table depicts the 2014 financial activity for the Storm Sewer Fund for the fiscal period <br />217 <br />ending September 30, 2014 (unaudited). <br />218 <br />219 <br />20142014%% <br />BudgetActualActualExpect.Diff. <br />Revenues <br />Charges for services1,928,200$ 1,064,104$ 55.2%56.7%-1.5% <br />Interest earnings30,000 - 0.0%0.0%0.0% <br />Miscellaneous40,000 24,261 60.7%311.8%-251.1% <br />Total Revenues$ 1,088,3651,998,200$ 54.5%58.5%-4.1% <br />Expenditures <br />Storm drainage operations <br /> 1,503,4901,998,200 75.2%51.8%23.5% <br />Total Expenditures$ 1,503,4901,998,200$ 75.2%51.8%23.5% <br />220 <br />221 <br />Comments: <br />222 <br />Storm Sewer Fund revenues are near expected levels. Miscellaneous revenues are depicted as lower <br />223 <br />than expected due to the inclusion of the prior year’s one-time receipt of the City’s share of residual <br />224 <br />funds leftover from the dissolution of the Grass Lake Watershed District. This event skewed the 3-year <br />225 <br />average. <br />226 <br />227 <br />Similarly, expenditures are depicted as higher than expected due to wide fluctuations in capital <br />228 <br />spending that can skew the 3-year average. <br />229 <br />230 <br />The Storm Sewer Fund is currently in excellent financial condition with $4.2 million in available cash <br />231 <br />reserves for operations and capital replacements. This reserve level is expected to decline over the next <br />232 <br />5 years due to planned capital improvements. <br />233 <br />234 <br />Page 11 of 14 <br />