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• In-house engineering and Admin charges were under budget and less than 2015 due to the shut-down of the
<br />water treatment plant.
<br />• Capital contributions include sewer improvements from the 2015 street reconstruction project and
<br />developer contributions from the Exchange.
<br />• Total capital outlay (not shown in table) was $721,712.
<br />• Ending cash balance is $533,782.
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<br />Stormwater management utility fund resulted in an $941,914 increase in net position, which is more favorable than the
<br />planned $378,000 decrease. This favorable result is due primarily to capital outlay expenses not shown as actual
<br />expenses in the fund, stormwater improvements contributed from the street improvement fund and the Exchange
<br />development.
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<br />• Customer charges increased mainly due to a 6% rate increase but coming under budget due to some commercial
<br />billing adjustments done in January of 2017 for 2016 usage.
<br />Stormwater Management Utility Fund 2015
<br />Actual Budget Actual Variance Percent Dollars
<br />Operating revenues:
<br />Customer charges 703,788$ 746,600$ 741,263$ (5,337)$ 5.3%37,475$
<br />Late Charges - - 7,585 (7,585) 0.0%7,585
<br />Total operating revenues 703,788 746,600 748,848 (12,922) 6.4%45,060
<br />Operating expenses:
<br />Personnel services 164,410 174,000 148,786 25,214 -9.5%(15,624)
<br />Materials and supplies 19,078 15,500 15,995 (495) -16.2%(3,083)
<br />Contractual services 266,487 286,500 271,278 15,222 1.8%4,791
<br />Depreciation 150,793 - 156,852 (156,852) 4.0%6,059
<br />Total operating expenses 600,768 476,000 592,911 (116,911) -1.3%(7,857)
<br />Operating income (loss)103,020 270,600 155,937 (114,663) 51.4%45,332
<br />Nonoperating activity
<br />Interest on investments 5,647 6,000 11,199 5,199
<br />Change in fair value of investments (1,549) - (3,324) (3,324)
<br />Property taxes 5,850 - 5,850 5,850
<br />Interest on assessments 7 - - -
<br />Interest on interfund loan (12,886) - (11,538) (11,538)
<br />In-house engineering and Admin
<br />charges 57,070 57,000 40,423 (16,577)
<br />Intergovernmental - - 440 440
<br />Miscellaneous revenue - 25,000 - (25,000)
<br />Capital contributions 398,541 5,900 709,900 704,000
<br />Capital outlay - (742,500) - 742,500
<br />Transfer in - - 297,718 297,718
<br />Transfer out (469,591) - (264,691) (264,691)
<br />Total nonoperating activity (16,911) (648,600) 785,977 1,434,577
<br />Change in net position 86,109 (378,000)$ 941,914 1,319,914$
<br />Beginning net position 3,605,372 3,691,481
<br />Ending net position 3,691,481$ 4,633,395$
<br />2016 2015
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