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meter replacements, $375,000 for the Water Treatment Plant 3A filter Rehab/Radium Removal, and $250,000
<br />for the WTP 3A & 4 Backwash Reclamation Project.
<br />• Ending cash balance is $453,731
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<br />Sewer utility fund activity resulted in a $689,210 increase in net position, which is more favorable than the planned
<br />decrease of $231,800. This favorable result is due to the sum of capital outlay expenses not shown as actual expenses in
<br />the fund, no internal loan transfer needed, and unbudgeted capital contributions and depreciation expense.
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<br />• Customer charges increased primarily due to a 4% rate increase. Also new in 2016 was a new policy of
<br />charging all commercial accounts actual usage. Though winter averaging was eliminated for the commercial
<br />accounts total gallons of sewer billed came in under budget by 13.4 million gallons.
<br />• Personnel services are under budget due to an accounting change to code actual time spent at the water
<br />treatment plant directly to fund 206.
<br />Sewer Utility Fund 2015
<br />Actual Budget Actual Variance Percent Dollars
<br />Operating revenues:
<br />Customer charges 2,704,136$ 2,909,000$ 2,849,108$ (59,892)$ 5.4%144,972$
<br />Late charges 75,194 60,000 44,773 (15,227) -40.5%(30,421)
<br />Other charges 26,065 - 14,273 14,273 -45.2%(11,792)
<br />Total operating revenue 2,805,395 2,969,000 2,908,154 (60,846) 3.7%102,759
<br />Operating expenses:
<br />Personnel services 486,499 471,600 458,541 13,059 -5.7%(27,958)
<br />Materials and supplies 15,574 23,300 17,315 5,985 11.2%1,741
<br />Contractual services 2,148,402 2,171,400 2,151,882 19,518 0.2%3,480
<br />Depreciation 89,185 - 127,288 (127,288) 42.7%38,103
<br />Total operating expenses 2,739,660 2,666,300 2,755,026 (88,726) 0.6%15,366
<br />Operating income (loss)65,735 302,700 153,128 (149,572) 132.9%87,393
<br />Nonoperating activity
<br />Interest on investments 3,462 4,400 9,591 5,191
<br />Change in fair value of investments (957) - (2,624) (2,624)
<br />Interest on assessments 16,351 - 15,476 15,476
<br />In-house engineering and Admin
<br />charges 103,205 93,800 52,172 (41,628)
<br />Intergovernmental - - 1,578 1,578
<br />Miscellaneous Revenue - - - -
<br />Capital contributions 137,499 - 548,068 548,068
<br />Capital outlay - (832,700) - 832,700
<br />Transfer in - 200,000 - (200,000)
<br />Transfer out (97,139) - (88,179) (88,179)
<br />Total nonoperating activity 162,421 (534,500) 536,082 1,070,582
<br />Change in net position 228,156 (231,800)$ 689,210 921,010$
<br />Beginning net position, restated 2,768,908 2,997,064
<br />Ending net position 2,997,064$ 3,686,274$
<br />2016 Change from 2015
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