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Storm Sewer Fund Summary <br />. The following table depicts the 2009 financial activity for the Storm Sewer Fund for the fiscal period <br />� ending Se�tember 30, 2009 (unaudited). <br />1 <br />1 <br />1 <br />1 <br />1 <br />Revenues <br />Charges for services <br />Interest earnings <br />Miscellaneous <br />Total Revenues <br />2009 2009 % % <br />Bud�et Actual Actual Expect. Diff. <br />$ 1,402,575 $ 504,385 36.0% 57.9% -21.9% <br />50,000 - 0.0% 0.0% 0.0% <br />5,000 22,473 449.5% n/a n/a <br />$ 1,457,575 $ 526,858 36.1% 53.5% -17.3% <br />Expenditures <br />Storm Drainage operations 1,457,575 614,592 <br />Other - - <br />Total Expenditures $ 1,457,575 $ 614,592 <br />42.2% 52.1% -9.9% <br />n/a n/a n/a <br />42.2% 52.1% -9.9% <br />Comments: <br />Storm Sewer Fund revenues and expenditures are below expected levels. Revenues are lower due to the <br />timing of collecting customer payments. Expenditures are below expected levels due to lower capital <br />replacement costs compared to prior years during the same period. <br />The Storm Sewer Fund is currently in excellent financial condition with a cash reserve of $2.5 million. <br />This reserve level is expected to decline over the next 10 years due to planned capital improvements. <br />Future rate increases will partially offset the draw down of reserves. <br />Page 12 of 14 <br />