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Fiscal Year 2020
<br />ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET
<br /> REVENUES 2015 2016 2017 2018 2019 2019 2020
<br /> Water Operations 897,232$ 917,927$ 945,788$ 985,022$ 1,066,166$ 1,010,174$ 1,095,004$
<br /> Sewer Operations 947,618 1,005,329 1,098,938 1,136,667 1,213,153 1,197,583 1,249,355
<br />Total Operating Revenues 1,844,850$ 1,923,256$ 2,044,726$ 2,121,689$ 2,279,319$ 2,207,757$ 2,344,358$
<br /> EXPENDITURES
<br /> Water Operations 618,069$ 787,497$ 841,508$ 1,077,197$ 1,021,430$ 1,073,371$ 1,123,286$
<br /> Sewer Operations 963,621 930,659 1,029,372 1,133,409 1,168,759 1,139,219 1,141,359
<br />Total Operating Expenditures 1,581,690$ 1,718,156$ 1,870,880$ 2,210,606$ 2,190,189$ 2,212,590$ 2,264,645$
<br /> Combined Operating Income 263,160$ 205,100$ 173,846$ (88,918)$ 89,130$ (4,833)$ 79,713$
<br />Other (Income)/Expense
<br /> Water (1,938)$ (11,143)$ (34,837)$ (28,689)$ (23,900)$ (33,900)$ (33,900)$
<br /> Sewer (21,139)(14,045)(36,189)(22,650)(34,550)(34,550)(34,550)
<br /> Interest Income (499) (23,907) (16,714) (24,620) (16,500) (25,000) (23,000)
<br /> Depreciation Expense 308,955 332,399 352,399 371,766 391,766 396,766 416,766
<br />Total Other (Income)/Expense 285,380 283,304 264,659 295,808 316,816 303,316 325,316
<br />Net Income/(Loss) (22,220)$ (78,204)$ (90,813)$ (384,725)$ (227,687)$ (308,149)$ (245,603)$
<br />Other Sources and Uses:
<br />Transfers Out (15,000)$ (225,000)$ -$ -$ -$ -$ -$
<br />Transfers In - 1,632,862 - - - - -
<br />Debt Service Payments (140,450) (138,150) (145,750) (148,200) (145,600) (145,600) (145,600)
<br />Net Change in Assets / Liabilities (46,105) 49,451 (30,728) 49,417 - - -
<br />Proceeds Bonding/Army - 130,932 - - - - -
<br />Add back Depreciation Expense 308,955 332,399 352,399 371,766 391,766 396,766 416,766
<br />Total Other Sources and Uses 107,400 1,782,494 175,921 272,983 246,166 251,166 271,166
<br />Net increase (decrease) in cash 85,180$ 1,704,290$ 85,108$ (111,741)$ 18,480$ (56,983)$ 25,563$
<br />BEGINNING CASH BALANCE 40,837 126,017 1,830,307 1,915,415 1,803,675 1,803,675 1,746,693
<br />ENDING CASH BALANCE 126,017$ 1,830,307$ 1,915,415$ 1,803,675$ 1,822,155$ 1,746,693$ 1,772,257$
<br />UTILITY FUND SUMMARY
<br />EXHIBIT C
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