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• Personnel services are under budget due to an accounting change to code actual time spent at the water
<br />treatment plant directly to fund 206.
<br />• In-house engineering and administrative charges are less than budgeted due to the shut-down of the water
<br />treatment plant.
<br />• Capital contributions include the value of Stormwater management assets paid for by the street improvements
<br />fund for the 2015 street reconstruction projects and contribution of the infrastructure from the Exchange
<br />development.
<br />• Total capital outlay (not shown in table) was $897,814. The planned capital outlay of $100,000 for the Lake
<br />Jones purchase was delayed until 2017.
<br />• Ending cash balance is $909,070.
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<br />Street light system fund activity resulted in a $70,617 increase in net position, as compared to the planned decrease of
<br />$162,900. This favorable result is a result of capital outlay expenses not shown as actual expenses in the fund.
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<br />• Customer charges increased from 2015 due to a 6% rate increase and were over budget in 2015 and 2016 as a
<br />result of the development in the Exchange.
<br />• Total capital outlay (not shown in table) was $99,321. Planned capital expenditures for re-lamping Silver Lake
<br />Road were delayed until 2017 while the painting of the lights on Silver Lake Road and Old Highway 8 were
<br />eliminated due to the new plan in 2017 to replace the poles.
<br />• Ending cash balance is $20,916.
<br />Street Light System Fund 2015
<br />Actual Budget Actual Variance Percent Dollars
<br />Operating revenues:
<br />Customer charges 246,640$ 247,200$ 249,896$ 2,696$ 1.3%3,256$
<br />Late charges - - 3,864 3,864 0.0%3,864
<br />Total operating revenues 246,640 247,200 253,760 6,560 2.9%7,120
<br />Operating expenses:
<br />Materials and supplies - 2,400 157 2,243 0.0%157
<br />Contractual services 172,316 189,300 183,318 5,982 6.4%11,002
<br />Total operating expenses 172,316 191,700 183,475 8,225 6.5%11,159
<br />Operating income (loss)74,324 55,500 70,285 14,785 -5.4%(4,039)
<br />Nonoperating activity
<br />Interest on investments 52 600 480 (120)
<br />Change in fair value of investments (20) - (148) (148)
<br />Miscellaneous revenue 2,885 - - -
<br />Capital outlay - (219,000) - 219,000
<br />Total nonoperating activity 2,917 (218,400) 332 218,732
<br />Change in net position 77,241 (162,900)$ 70,617 233,517$
<br />Beginning Net Position 4,393 81,634
<br />Ending Net Position 81,634$ 152,251$
<br />2016 Change from 2015
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