Water Department Income Statement

Water Department Income Statement
December 2006 Year-To-Date Compared To Budget  After Audit
                   
      YTD YTD   YTD Actual   YTD   Variance
      Actual Timing   Plus Timing   Budget   To Budget
Income                  
  Water   6,207,625 0   6,207,625   5,796,690   410,935
  Restricted Revenue   7,998 0   7,998   2,220   5,778
  Other   3,017,328 0   3,017,328   3,656,624   (639,296)
                   
  Total Income   9,232,951 0   9,232,951   9,455,534   (222,583)
                   
                     
  Water   1,915,304 0   1,915,304   1,924,783   (9,479)
                   
  Total Cost of Goods   1,915,304 0   1,915,304   1,924,783   (9,479)
    8         8    
Gross Profit   7,317,647 0   7,317,647   7,530,751   (213,104)
                   
Expense                  
  Salary and Wages   678,635 0   678,635   750,272   (71,637)
  Employee Benefits   190,278 0   190,278   272,345   (82,067)
  Maintenance and Repairs   230,779 0   230,779   166,555   64,224
  Supplies   442,221 0   442,221   432,770   9,451
  Outside Contracts   90,107 0   90,107   95,265   (5,158)
  Insurance – Liability and Casualty   163,738 0   163,738   158,040   5,698
  Utilities   77,053 0   77,053   68,220   8,833
  Memberships, Training and Travel   7,661 0   7,661   4,225   3,436
  Fuel and Oil   52,539 0   52,539   51,558   981
  Taxes and Permits   47,321 0   47,321   50,816   (3,495)
  Professional Services   10,722 0   10,722   40,000   (29,278)
  Postage   63,375 0   63,375   47,974   15,401
  Interest Expense & CC Charges   38,846 0   38,846   149,100   (110,254)
  Other   714,226 0   714,226   704,987   9,239
    0 0   0   0    
  Total Expense   2,807,501 0   2,807,501   2,992,127   (184,626)
                   
Pre-Depreciation Gross   4,510,146 0   4,510,146   4,538,624   (28,478)
                   
  Depreciation   559,455 0   559,455   569,054   (9,599)
                   
Income / (Cost) of Operations   3,950,691 0   3,950,691   3,969,570   (18,879)
                   
  Simple Cash Flow                  
  Add Depreciation   559,455 0   559,455   569,054   (9,599)
  Subtract Capital Projects   (5,313,567) 0   (5,313,567)   (7,740,385)   2,426,818
  Add: Reserves, Financing   1,000,000 0   1,000,000   2,510,848   (1,510,848)
  Subtract Debt Service   (147,916) 0   (147,916)   (223,748)   75,832
  Simple Cash Flow   48,663 0   48,663   (914,661)   963,324