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Attachment D <br />Water Fund Summary <br />The following table depicts the 2020 financial activity for the Water Fund for the fiscal period <br />ending September 30, 2020 (unaudited). <br />20202020%% <br />Revenues <br />BudgetActualActualExpect.Diff. <br />Charges for Services7,308,000$ 4,831,619$ 66.1%59.0%7.1% <br />Other / Spec Asmnts- - <br />Interest earnings- - n/an/a <br />Total Revenue7,308,000$ 4,831,619$ 66.1%59.1%7.0% <br />Expenditures <br />Water7,675,480 5,051,346 65.8%67.5%-1.7% <br />Total Expenditures7,675,480$ 5,051,346$ 65.8%67.5%-1.7% <br /> <br />Comments: <br />Water Fund revenues and expenditures are near expected levels. Expenditures can fluctuate from <br />year to year depending on the amount of capital improvements recorded during the measurement <br />period. <br />The Water Fund is currently in poor financial condition with no cash reserves available for <br />operations. A utility rate study was done by Ehlers and two options have been proposed for a new <br />water rate structure which will provide for future operational and capital needs. A bond issue will <br />be completed by year end to fund the next three years of capital infrastructure improvements. <br />Page 10 of 13 <br /> <br />