3.3. ERMUSR 02-14-2012 - Laserfiche WebLink

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Water Water sales ended up being under budget again this year, and down from the prior year as well, in spite of very conservative budgeting efforts. The numbers are down from budget by 6.8% or $130,914, and down from the prior year 4.3%. The weather was the impact this year as water needs/usage was significantly less than previous years. Other Revenue increases help offset the Operating Revenue shortfall. Connection Fees are over budget significantly, with the Spectrum High School project the biggest contributor. Miscellaneous Revenue is also over budget by $316,889 with the recognition of the trunk main fees transferred from the City for the water main project of Well #9 by Twin Lakes Parkway. As in the electric department, almost all expense categories came in under budget, and are below the prior year in total. Depreciation Expense is higher than the previous year with the water tower project and the well project added this year. Customer Accounts Expense is lower here too with the meter reading responsibilities brought in house. Total expenses are under budget by 7.6% or $173,401, and down from the prior year by .3%. Overall, the water department ended the year significantly ahead of budget (due to the trunk main fees transfer) and slightly behind the prior year. We do have more accruals for audit items, as mentioned above, and so there will be some reduction to these numbers as the final year end statements are produced. From a cash perspective, we decreased $173,175 from the previous year, which is $291,205 less than forecasted. (Again, the trunk main fees transfer is reflected here.)