|
Fiscal Year 2021
<br />ACTUAL ACTUAL ACTUAL ACTUAL BUDGET EST. ACTUAL BUDGET
<br /> REVENUES 2016 2017 2018 2019 2020 2020 2021
<br /> Water Operations 917,927$ 945,788$ 985,022$ 997,332$ 1,094,550$ $1,091,243 $1,178,842
<br /> Sewer Operations 1,005,329 1,098,938 1,136,667 1,212,400 1,249,355 1,221,468 1,270,083
<br />Total Operating Revenues 1,923,256$ 2,044,726$ 2,121,689$ 2,209,732$ 2,343,905$ 2,312,711$ 2,448,925$
<br /> EXPENDITURES
<br /> Water Operations 787,497$ 841,508$ 1,077,197$ 1,091,922$ 1,125,387$ $1,102,848 $1,161,233
<br /> Sewer Operations 930,659 1,029,372 1,133,409 1,134,511 1,142,359 1,140,540 1,175,690
<br />Total Operating Expenditures 1,718,156$ 1,870,880$ 2,210,606$ 2,226,432$ 2,267,746$ 2,243,388$ 2,336,923$
<br /> Combined Operating Income 205,100$ 173,846$ (88,918)$ (16,700)$ 76,159$ 69,323$ 112,003$
<br />Other (Income)/Expense
<br /> Water (11,143)$ (34,837)$ (28,689)$ (12,036)$ (33,900)$ (1,650)$ (33,900)$
<br /> Sewer (14,045)(36,189)(22,650)(2,250)(34,550)(2,300) (34,550)
<br /> Interest Income (23,907) (16,714) (24,620) (25,000) (23,000) (12,000) (7,500)
<br /> Depreciation Expense 332,399 352,399 371,766 611,728 631,728 631,728 656,728
<br />Total Other (Income)/Expense 283,304 264,659 295,808 572,442 540,278 615,778 580,778
<br />Net Income/(Loss) (78,204)$ (90,813)$ (384,725)$ (589,142)$ (464,119)$ (546,455)$ (468,775)$
<br />Other Sources and Uses:
<br />Transfers Out (225,000)$ -$ -$ -$ -$ -$ -$
<br />Transfers In 1,632,862 - - - - - -
<br />Debt Service Payments (138,150) (145,750) (148,200) (145,600) (147,950) (147,950) ($150,200)
<br />Net Change in Assets / Liabilities 49,451 (30,728) 49,417 (18,684) - - -
<br />Proceeds Bonding/Army 130,932 - - - - - -
<br />Add back Depreciation Expense 332,399 352,399 371,766 611,728 631,728 631,728 656,728
<br />Total Other Sources and Uses 1,782,494 175,921 272,983 447,444 483,778 483,778 506,528
<br />Net increase (decrease) in cash 1,704,290$ 85,108$ (111,741)$ (141,698)$ 19,659$ (62,677)$ 37,753$
<br />BEGINNING CASH BALANCE 126,017 1,830,307 1,915,415 1,803,675 1,661,977 1,661,977 1,599,301$
<br />ENDING CASH BALANCE 1,830,307$ 1,915,415$ 1,803,675$ 1,661,977$ 1,681,637$ 1,599,301$ 1,637,055$
<br />UTILITY FUND SUMMARY
<br />EXHIBIT C
|