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Water P&L <br />Water Operating Revenues are ahead of budget, and the prior year numbers. We pumped <br />about the same amount as last year (33.7 million gallons of water in 2010 versus 33.1 in <br />2011) and sold 2.3 million gallons more. <br />Other Revenue is down both from budget and the prior year. The Investment Income <br />amounts are down from last year as the escrow account in place last year had some <br />earnings that are not present this year. The Miscellaneous Revenue is from the water <br />tower lease and it is less this year due to our annualizing the revenue now that the <br />antennas are in place and the contract in full effect. <br />Expenses are over budget but consistent with the prior year. Pumping Expense is <br />increased due to a fee paid to the Minnesota Department of Public Safety for a chlorine <br />leak last year. Interest expense is down from the prior year due to the refunding bonds in <br />the prior year. Administrative and General Expense is in line with the budgeted amount <br />and down from the prior year (as in the Electric Department). <br />For January, the Water Department has a net loss (which is expected this time of year) of <br />$80,330 which is $]3,950 greater than the budgeted loss, and $21,000 less than last year. <br />