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Storm Sewer Fund Summary <br />The following table depicts the 2015 financial activity for the Storm Sewer Fund for the fiscal period <br />ending June 30, 2015 (unaudited). <br />Revenues <br />Charges for services <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />Expenditures <br />Storm drainage operations <br />Total Expenditures <br />2015 2015 % % <br />Bud�et Actual Actual ExpECt• Diff. <br />$ 1,585,160 $ 547,649 34.5% 32.3% 2.3% <br />30,000 - 0.0% 0.0% 0.0% <br />35,000 6,568 18.8% 285.0% -2663% <br />$ 1,650,160 $ 554,217 33.6% 35.7% -2.2% <br />2,443,700 572,669 23.4% 30.6% -7.2% <br />$ 2,443,700 $ 572,669 23.4% 30.6% -7.2% <br />Comments: <br />Storm Sewer Fund revenues and expenditures are near expected levels overalL Miscellaneous revenues <br />were lower than expected due to the inclusion of a previous year's one-time receipt of the City's share <br />of residual funds leftover from the dissolution of the Grass Lake Watershed District. This event skewed <br />the 3-year average. <br />The Storm Sewer Fund is currently in excellent financial condition with $3.9 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. <br />Page 11 of 13 <br />