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Water <br /> For 2013,water sales ended up being 8.5%over the conservative budget and just under the prior <br /> year by.2%. The economy was the impact this year(as noted also in the electric department.) <br /> Other Revenues are consistent with the prior year, with the exception of Connection Fees and <br /> Miscellaneous Revenues. Connection Fees were increased 50%,again a result of an improved <br /> economy. There was also a Contributed Capital item last year of$218,845, compared to <br /> $121,172 in the current year(the 2014 185th Ave Watermain improvement.) The total revenue <br /> numbers are up from budget by 24% and up from the prior year 2%. <br /> This year,expense categories came in fairly consistent with budget, and the prior year. The <br /> exception is Distribution Expense which is over budget 32%due to the increased cost of the <br /> project to install pressure reducing valves,as identified earlier in the year. Total expenses are <br /> under budget by 2.9%,and up from the prior year by 1.6%. <br /> Overall,the water department ended the year significantly ahead of budget by over 400%, and <br /> very close to the prior year with an increase of 4%. We do have more accruals for audit items, as <br /> mentioned above,and so there will be some reduction to these numbers as the final year end <br /> statements are produced. From a cash perspective, we anticipated decreasing the year end <br /> reserve balances by$582,151 with the capital projects(largely due to the Freeport Water Tower <br /> project)but ended the year with an increase of$141,000. <br /> 20 <br />