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Schedule 48
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Water Resources Fund
Schedule of Revenues and Expenses Budget and Actual (Non-GAAP)
For the Fiscal Year Ended June 30, 2016
Variance
Final
Positive
Budget
Actual
(Negative)
Operating Revenues:
Charges for Current Services
105,597,104
$
104,611,382
$
(985,722)
$
Other Operating Revenues
1,328,519
1,620,592
292,073
Other Operating Revenues - Capital Reserve Fund
817,916
817,916
Total Operating Revenues
106,925,623
107,049,890
124,267
Operating Expenses:
Personal Services
14,965,717
14,621,568
344,149
Fringe Benefits
6,383,090
6,051,254
331,836
Maintenance and Repairs
10,486,341
6,264,353
4,221,988
Operations
38,583,651
31,233,722
7,349,929
Capital Outlay
1,152,022
572,858
579,164
Total Operating Expenses
71,570,821
58,743,755
12,827,066
Operating Income
35,354,802
48,306,135
12,951,333
Nonoperating Revenues:
Investment Income
471,000
616,242
145,242
Investment Income - Capital Reserve Fund
420,332
420,332
Net Increase (Decrease) in the Fair
Value of Investments
284,123
284,123
Total Investment Income
471,000
1,320,697
849,697
Refunds and Recoveries
200,000
210,989
10,989
Miscellaneous Nonoperating Revenue
40,000
38,011
(1,989)
Total Nonoperating Revenues
711,000
1,569,697
858,697
Nonoperating Expenses:
Principal Maturities
14,468,112
12,724,404
1,743,708
Interest Expense
12,643,223
7,552,448
5,090,775
Miscellaneous Nonoperating Expense
1,300,600
739,261
561,339
Total Nonoperating Expenses
28,411,935
21,016,113
7,395,822
Excess of Revenues Over Expenses Before
Contributions and Other Financing Uses
7,653,867
28,859,719
21,205,852
Capital Contributions
4,051,593
4,051,593
Other Financing Sources (Uses):
Debt Issuances:
Revenue Bonds Issued - Refunding
28,400,000
29,310,000
910,000
Premium - Refunding Revenue Bonds
2,000,000
1,086,964
(913,036)
Payment to Escrow Agent for Refunding of Debt
(30,000,000)
(30,000,000)
Transfers In
485,397
485,397
Transfers Out - General Capital Improvement Fund
(1,025,000)
(1,025,000)
Transfers Out - Water Resources Extension Fund Project
(835,717)
(835,717)
Transfers Out - Capital Improvement Fund
(25,765,464)
(25,765,464)
Total Other Financing Sources (Uses)
(26,740,784)
(26,743,820)
(3,036)
Excess of Revenues, Other Financing Sources and
Contributions Over (Under) Expenses and
Other Financing (Uses)
(19,086,917)
6,167,492
25,254,409
Appropriated Fund Balance
19,086,917
(19,086,917)
Excess of Revenues and Contributions
Over Expenses and Other Financing (Uses)
$
6,167,492
$
6,167,492
$
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