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2015_0723_CCpacket
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2015_0723_CCpacket
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8/7/2015 9:01:10 AM
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7/16/2015 3:28:54 PM
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Sanitary Sewer Fund Summary <br />The following table depicts the 2015 iinancial activity for the Sanitary Sewer Fund for the fiscal period <br />ending June 30, 2015 (unaudited). <br />Revenues <br />Charges for services <br />Interest earnings <br />Total Revenues <br />Expenditures <br />Sanitary Sewer operations <br />Total Expenditures <br />2015 2015 % % <br />Bud�et Actual Actual ExpeCt• Diff. <br />$ 5,682,450 $ 1,484,379 26.1% 31.5% -5.4% <br />5,000 - 0.0% 0.0% 0.0% <br />$ 5,687,450 $ 1,484,379 26.1% 31.2% -5.1% <br />5,837,450 2,146,118 36.8% 421% -5.3% <br />$ 5,837,450 $ 2,146,ll8 36.8% 42.1% -5.3% <br />Comments: <br />Sanitary Sewer Fund revenues and expenditures are near expected levels. <br />The Sanitary Sewer Fund is currently in good financial condition with $1.0 million in available cash <br />reserves for operations and capital replacements. This reserve level is expected to decline over the next <br />10 years due to planned capital improvements. Inflationary-type rate increases will be needed in the <br />future to maintain financial sustainability. <br />Page 9 of 13 <br />
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