CAFR 2017

Schedule 58 Page 1 of 2

Water Resources Fund Schedule of Revenues and Expenses Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2017

Variance Positive (Negative)

Final

Budget

Actual

Operating Revenues:

Charges for Current Services Other Operating Revenues

111,266,470 $

110,489,306 $

$

(777,164) 430,910 508,351 162,097

1,328,519

1,759,429

Other Operating Revenues - Capital Reserve Fund

508,351

Total Operating Revenues

112,594,989

112,757,086

Operating Expenses: Personal Services

15,542,282 6,871,513 8,462,595 41,171,278 2,081,008 74,128,676

15,238,889 6,445,295 4,950,771 32,718,531

303,393 426,218

Fringe Benefits

Maintenance and Repairs

3,511,824 8,452,747 1,593,196 14,287,378

Operations

Capital Outlay

487,812

Total Operating Expenses

59,841,298

Operating Income

38,466,313

52,915,788

14,449,475

Nonoperating Revenues: Investment Income

611,000

583,828 448,642

(27,172) 448,642

Investment Income - Capital Reserve Fund

Net Increase (Decrease) in the Fair Value of Investments

(475,358) 557,112

(475,358) (53,888)

Total Investment Income

611,000

Refunds and Recoveries

200,000 40,000 851,000

239,475

39,475

Miscellaneous Nonoperating Revenue

4,067

(35,933) (50,346)

Total Nonoperating Revenues

800,654

Nonoperating Expenses: Principal Maturities

13,640,000 9,704,439

13,640,000 8,108,057

Interest Expense

1,596,382

Miscellaneous Nonoperating Expense

898,000

344,247

553,753

Total Nonoperating Expenses

24,242,439

22,092,304

2,150,135

Excess of Revenues Over Expenses Before Contributions and Other Financing Uses

15,074,874

31,624,138

16,549,264

Capital Contributions

2,915,781

2,915,781

Other Financing Sources (Uses): Transfers Out - Water Resources Extension Fund Project Transfers Out - Capital Improvement Fund Total Other Financing Sources (Uses) Excess of Revenues, Other Financing Sources and Contributions Over (Under) Expenses and Other Financing (Uses)

(1,044,525) (28,218,137) (29,262,662)

(1,044,525) (28,218,137) (29,262,662)

(14,187,788)

5,277,257

19,465,045

Appropriated Fund Balance

14,187,788

(14,187,788)

Excess of Revenues and Contributions Over Expenses and Other Financing (Uses)

$

$

5,277,257

$

5,277,257

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