My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
ERMUSR Financials 05-16-2006
ElkRiver
>
City Government
>
Boards and Commissions
>
Utilities Commission
>
Packets
>
2003-2013
>
2006
>
05-16-2006
>
ERMUSR Financials 05-16-2006
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/31/2009 3:47:20 PM
Creation date
3/31/2009 3:47:20 PM
Metadata
Fields
Template:
City Government
type
ERMUSR
date
5/16/2006
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
21
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Water P&L <br />Water revenue is up over last year for the same reasons noted above for electric. The <br />hotel in Otsego with the water slide has greatly impacted the revenue. Connection fees <br />are up as well but can vary greatly from year to year and month to month. Interest <br />income is higher due to the larger balance in savings currently but this will be spread to <br />electric as the bond funds are drawn down. <br />Interest expense for water is up from last year just as the electric is with the costs being <br />spread over the twelve months instead of two semi-annual hits. Depreciation is slightly <br />higher but still manageable. Administrative and general expense is slightly higher mainly <br />due to the increase in health insurance premiums (again, this was a known increase.) <br />When comparing the year to date income numbers for water from 2005 to 2006, we are <br />ahead approximately $30,000. Our 2006 expenses are higher but the larger amount of <br />connection fees collected in 2006 make up for it. <br />
The URL can be used to link to this page
Your browser does not support the video tag.