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<br /> WATER/SEWER ENTERPRISE FUND <br /> Budgeted Statement of Revenues and Expenses <br /> and Changes in Retained Earnings <br />I For Fiscal Year 2001 <br /> FY98 FY99 Six-Month FYOO FY01 FYOO-01 <br /> Actual Actual Actual Budget Budget %Chg <br /> Operating revenues: <br /> Residential 572.299 571,985 288,620 571,000 576.000 0.9% <br /> Small General Savicc 134.903 130.944 73.019 130.000 132.000 1.5% <br /> Large Gmeral Service 244,356 263.815 151.437 264.000 264.000 0.0% <br /> SMIC Power Sales 136.870 II2.42 I 59.578 II 5.000 11 6.000 0.9% <br /> Induscrial Sales 122.429 128,166 71 ,570 129.000 128.000 -0.8% <br /> MiscdIaneous 77.889 68,123 41,615 67.200 67,700 0.7% <br /> Charges for Services 143.780 79,716 89,369 75.000 75.000 0.0% <br /> Total operating revenues: 51,432,526 51,355,170 5775,208 51,351,200 51,358,700 0.6% <br /> Operating expenses before depreciation: <br /> Salaries 171,086 161,135 80.704 169,983 185.008 8.8% <br /> Employee benefits 50,085 55,049 26,541 68,787 65,332 -5.0% <br /> Purchased senrice5 269,602 235,113 135,383 307,2I7 314.717 2.4% <br /> Supplies & Maintenance 91,803 79,465 40,070 138.345 212.125 53.3% <br /> General & Administrative 303.810 280.792 191.628 341,701 356,435 4.3% <br /> Total Operating Expenses: 5886,386 5811,554 $474,326 51,026,033 51,133,617 10.5% <br /> Operating income before depreciation 546,140 543,616 300,882 325,167 225,083 -30.8.;' <br />I Depreciation 383.872 375.474 183,835 367.503 386.257 5.1% <br />Operating Income (Loss) 5162,268 5168,142 5117,047 (542,336) (5161,174) 280.7~. <br /> Non-operating revenues (expenses) <br /> Interest income 64.609 68,449 49.430 41.500 30,000 -27.7% <br /> Interest expense (36.338) (34.84 1) (17,007) (32.604) (30.847) -5.4% <br /> Ocher non-operating revenue (expense) 0 0 0 9.072 0 -100.0% <br /> Total non-operating revenues (expenses) 528,271 533,608 532,423 517,968 (5847) -104.7% <br /> Income (loss) before operating transfen 5190,539 5201,750 5149,470 (524,368) (5162,021) 564.9% <br /> Operating trmsf... (to) from other funds 0 0 (76,840) (76.840) (76.840) 0.0% <br /> Net income (loss) 5190,539 5201,750 572,630 (5101,208) (5238,861) 136.0% <br /> Increase in R/E for redass from contributed capital 0 0 48,220 0 0 <br /> Amortization of conuibution5 in aid 292.718 292.718 146.730 292.718 298.768 2.1% <br /> Increase (Decrease) in Retained Earnings $483,257 $494,468 5267,580 5191,510 559,908 -68.7% <br /> Retained earnings at beginning of year 52,452,415 52,742,434 53,216,902 53,482,976 53,674,486 5.5% <br /> Residual equity transfers 0 (20,000) (I,506) 0 0 0.0% <br /> Prior period adjuument (193.238) 0 0 0 0 0.0% <br /> Retained earnings at end of year <br /> Designated for Water MRRF 25.000 75.000 100.000 11,566 30,473 163.5% <br />I Designated for Sewer MRRF 25.000 58.493 83,493 115,058 133.966 16.4% <br />Watcr/Sewer Undesignated 2.692.434 3.083.409 3.299.483 3.547.862 3.569,955 0.6% <br />Total Retained Earnings 52,742.434 53.216.902 53.482.976 53.674.486 53,734,394 1.6% <br />