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Street light system fund activity resulted in a $77,241 increase in net position, as compared to the planned decrease of <br />$27,500. This favorable result is due to not <br />re-lamping Old Hwy 8 and Silver Lake <br />Road with the <br />expectation of changing <br />to LED lighting in the near future. <br />Street Light System Fund <br />2014 <br />2015 <br />Change from 2014 <br />Actual <br />Budget <br />Actual <br />Variance <br />Percent Dollars <br />Operating revenues: <br />Customer charges <br />$ 217,308 <br />$ 232,900 <br />$ 246,640 <br />$ 13,740 <br />13.5% $ 29,332 <br />Operating expenses: <br />Materials and supplies <br />2,253 <br />2,300 <br />- <br />2,300 <br />-100.0% (2,253) <br />Contractual services <br />174,203 <br />257,700 <br />172,316 <br />85,384 <br />-1.1% (1,887) <br />Total operating expenses <br />176,456 <br />260,000 <br />172,316 <br />87,684 <br />-2.3% (4,140) <br />Operating income (loss) <br />40,852 <br />(27,100) <br />74,324 <br />101,424 <br />81.9% 33,472 <br />Nonoperating activity <br />Interest on investments <br />(65) <br />(400) <br />52 <br />452 <br />Change in fair value of investment: <br />(248) <br />- <br />(20) <br />(20) <br />Miscellaneous revenue <br />- <br />- <br />2,885 <br />2,885 <br />Total nonoperating activity <br />(313) <br />(400) <br />2,917 <br />3,317 <br />Change in net position <br />40,539 <br />$ (27,500) <br />77,241 <br />$ 104,741 <br />Beginning Net Position (36,146) <br />Ending Net Position $ 4,393 <br />Customer charges increased due to a 15% rate increase. <br />4,393 <br />