Water Department Income Statement

Water Department Income Statement
December 2009 Year-To-Date Compared To Budget 
             
      YTD   YTD   Variance
      Actual   Budget   To Budget
Income            
  City of Bella Vista   40,053   40,020   33
  Water   6,902,186   8,057,244   (1,155,058)
  Restricted Revenue   873   2,700   (1,827)
  Other   456,683   508,750   (52,067)
             
  Total Income   7,399,795   8,608,714   (1,208,919)
             
               
  Water   1,773,441   2,052,702   (279,261)
             
  Total Cost of Goods   1,773,441   2,052,702   (279,261)
             
Gross Profit   5,626,354   6,556,012   (929,658)
             
Expense            
  Salary and Wages   760,703   779,718   (19,015)
  Employee Benefits   148,703   269,587   (120,884)
  Maintenance and Repairs   432,675   474,520   (41,845)
  Supplies   530,171   442,500   87,671
  Outside Contracts   92,724   129,894   (37,170)
  Insurance   142,864   153,197   (10,333)
  Utilities   68,175   90,830   (22,655)
  Memberships, Training and Travel   4,554   9,700   (5,146)
  Fuel and Oil   46,345   72,487   (26,142)
  Taxes and Permits   66,308   51,912   14,396
  Professional Services   49,034   37,600   11,434
  Postage   57,160   79,209   (22,049)
  Interest Expense & CC Charges   90,785   189,200   (98,415)
  Other   785,311   910,484   (125,173)
             
  Total Expense   3,275,512   3,690,838   (415,326)
             
Pre-Depreciation Gross   2,350,842   2,865,174   (514,332)
             
  Depreciation   1,005,330   1,016,525   (11,195)
             
Income / (Cost) of Operations   1,345,512   1,848,649   (503,137)
             
  Simple Cash Flow            
  Add Depreciation   1,005,330   1,016,525   (11,195)
  Subtract Capital Projects   (695,871)   (7,110,888)   6,415,017
  Add: Reserves for Carry Over Expenses & Financing 8,363,341   4,370,903   3,992,438
  Add: Reserves for Other Projects   0   0   0
  Subtract Debt Service   (420,000)   (120,000)   (300,000)
  Simple Cash Flow   9,598,312   5,189   9,593,123