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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 />