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Water Utility Fund Summary <br /> <br />The Water Utility Fund includes the activities associated with the City’s water distribution system. Its primary <br />funding source are fees charged to water customers based on consumption. <br /> <br />The following table depicts the 2020 financial activity for the Water Utility Fund for the fiscal period ending <br />March 31, 2020 (unaudited). <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Comments <br />The Water Utility Fund revenues and expenditures are reporting within expected levels. <br /> <br />As of March 31, the water fund has a positive cash balance of $1,900,875. This balance is primarily due to an <br />interfund loan from the Municipal Development Fund at the end of 2019 to finance the upcoming 2019 Street <br />Reconstruction project costs. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />2020 2020 % % *Rounded nearest 100 <br />Budget Actual YTD Actual Expect Diff Amount <br />Revenues <br />Intergovernmental -$ -$ 0.0% 0.0% 0.0%-$ <br />Charges for Service 3,407,200 432,946 12.7% 10.9% 1.8% 61,600 <br />Miscellaneous 11,500 2,456 21.4% -4.4% 25.8% 3,000 <br />Total Revenues 3,418,700$ 435,402$ 12.7% 10.8% 1.9% 64,600$ <br />Expenditures <br />Personnel 986,300$ 236,837$ 24.0% 23.3% 0.7% 7,000$ <br />Materials 164,000 13,918 8.5% 7.0% 1.5% 2,400 <br />Contractual Service 675,800 129,430 19.2% 22.4% -3.2% (21,900) <br />Miscellaneous Exp 72,900 - 0.0% 0.0% 0.0%- <br />Transfers Out 337,000 84,249 25.0% 25.0% 0.0%- <br />Total Operations 2,236,000 464,434 20.8% 21.3% -0.6% (12,500) <br />Capital 1,524,900 15,817 <br />Total Expenditures 3,760,900$ 480,251$ <br />Net Revenues Over/(Under) <br />Expenditures (342,200)$ (44,849)$