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<br />Water Utility Fund
<br />The Water Utility Fund includes the activities associated with the City’s water distribution system. Its
<br />primary funding source are fees charged to water customers based on consumption.
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<br />Comments
<br />(1) Charges for Service revenue only includes two months of activity as of the end of the first
<br />quarter. March usage is billed in April.
<br />(2) Miscellaneous revenue includes Investment Income, which generally has a negative balance
<br />at the end of the first quarter due to year‐end accounting practices for accrued interest
<br />earned in the prior year.
<br />(3) Materials are purchased as needed throughout the year for work done on water meters,
<br />water mains, and other water‐related maintenance work.
<br />(4) Miscellaneous expense includes Interest on Interfund Loans, which is paid in May and
<br />November of each year.
<br />(1) Capital expenditures often have a negative balance at the end of the first quarter due to
<br />year‐end accounting practices for retainage payable on contracts manually expensed in the
<br />prior year. Budgeted capital expenditures related to watermain replacements and street
<br />reconstruction projects will occur later in the year.
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<br />As of March 31, 2022, the Water Utility Fund has a positive cash balance of $2,442,457.
<br />Adopted YTD Balance Available % Budget YTD Balance
<br />Budget 3/31/2022 Balance Used 3/31/2021
<br />Revenues
<br />Charges for Service 3,769,300$ 490,661$ 3,278,639$ 13.0%(1)382,889$
<br />Miscellaneous 6,000 (2,828) 8,828 ‐47.1%(2)1,197
<br />Total Revenues 3,775,300$ 487,833$ 3,287,467$ 12.9% 384,086$
<br />Expenditures
<br />Personnel 1,033,900$ 223,936$ 809,964$ 21.7% 217,915$
<br />Materials 170,200 10,224 159,976 6.0%(3)8,411
<br />Contractual Service 776,100 194,828 581,272 25.1% 134,599
<br />Miscellaneous Exp 72,600 ‐ 72,600 0.0%(4)‐
<br />Transfers Out 363,800 90,951 272,849 25.0% 84,249
<br />Total Operating 2,416,600 519,939 1,896,661 21.5% 445,174
<br />Capital 502,000 (24,902) (5)
<br />Total Expenditures 2,918,600$ 495,037$
<br />Net Revenues Over/(Under)
<br />Expenditures 856,700$ (7,204)$
<br />City of New Brighton
<br />Water Utility Fund Budget to Actual (Unaudited)
<br />For the Quarter Ended March 31, 2022
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