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<br /> THE BIJOU IRRIGATION eOMPANY p n~ n~aft
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<br /> STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
<br /> BUDGET AND ACTUAL
<br /> GOVERNMENTAL FUND
<br /> For the Year Ended December 31 , 2005
<br /> (With comoarative totals for the year ended December 31.2004)
<br /> 2005 2004
<br /> General Fund General Fund
<br /> Original and Variance - Original and Variance -
<br /> Final Budgeted Actual Favorable Final Budgeted Actual Favorable
<br /> Amounts Amounts (Unfavorable) Amounts Amounts (Unfavorable)
<br />Revenue
<br />Assessments - stock (Note 1) $ 100,000 $ 100,000 $ 100,000 $ 100,000
<br />Assessments-well augmentation (Note 1) 120,000 94,586 $ (25,414) 100,000 80,554 $ (19,446)
<br />Interest 1,975 3,810 1,835 2,350 1,765 (585)
<br />Running fees 9,440 9,440 10,800 9,473 (1,327)
<br />CBT water lease (Note 7) 49,000 28,040 (20,960) 49,000 49,000
<br />Winter depletion damage fees 40,007 40,007
<br />Legal reimbursements 48,136 48,136
<br />Other 5,000 115 (4,885) 12,000 4,823 (7,177)
<br /> Total Revenue 285,415 284,127 . (1,288) 274,150 285,622 I 11,472
<br />Expenditures
<br />General Government
<br />Salaries 32,373 33,191 (818) 24,744 25,312 (568)
<br />Payroll taxes 2,199 2,614 (415) 1,901 1,857 44
<br />Employee benefits 5,425 6,581 (1,156) 6,125 4,702 1,423
<br />Insurance 22,000 21,964 36 20,000 20,777 (777)
<br />Director's fees 6,375 5,025 1,350 6,000 5,850 150
<br />Legal and audit 82,400 147,454 (65,054) 71,950 96,026 (24,076)
<br />Rent 3,450 3.738 (288) 3,450 3,450
<br />Telephone 2,000 1,362 638 1,700 1,831 (131 )
<br />Office expense 1,200 2,828 (1,628) 1,000 1,157 (157)
<br />Miscellaneous 700 700 700 605 95
<br /> Total General Government 158,122 224.757 (66,635) 137,570 161,567 (23,997)
<br />Conservation of Natural Resources
<br />Salaries 49,757 49,867 (110) 46,244 44,289 1,955
<br />Payroll taxes 4,084 3,922 162 3,530 3,449 81
<br />Materials and supplies 23,000 22,478 522 24,700 31,615 (6,915)
<br />Employee benefits 10,075 9,872 203 11,375 8,732 2,643
<br />Assessments - water rights 8,036 23,086 (15,050) 7,938 12,988 (5,050)
<br />Engineering 7,000 44,396 (37,396) 4,000 18,034 (14,034)
<br />Repairs and maintenance -
<br /> equipment 1,500 3,478 (1,978) 1,500 349 1,151
<br />Equipment rental 2,000 2,000 2,000 10,329 (8,329)
<br />Communications 2,000 1,960 40 1,300 2,134 (834)
<br />Contract labor 800 6,947 (6,147) 800 487 313
<br />Licenses 6,500 625 5,875 5,350 922 4,428
<br />Capital outlay - small equipment (Note 1) 5,500 4,618 882 11,000 11,000
<br />Miscellaneous 3,000 5,639 (2,639) 3,000 5,992 (2,992)
<br /> Total Conservation of
<br /> Natural Resources 123,252 176,888 (53,636) 122,737 139,320 (16,583)
<br /> Total Expenditures 281,374 401,645 (120,271) 260,307 300,887 (40,580)
<br />Revenues in Excess (Deficiency)
<br />of Expenditures 4,041 (117,518) (121,559) 13,843 (15,265) (29,108)
<br />Other Financing Sources (Uses)
<br />Proceeds from note receivable
<br /> - principal 2,000 401 (1,599) 925 (925)
<br /> - interest 130 262 132 92 (92)
<br />Total Other Financing Sources (Uses) 2,130 663 (1,467) 1,017 (1,017)
<br />Revenues and Other Financing Sources (Uses)
<br />in Excess (Deficiency) of
<br />Expenditures - Budget Basis $ 6,171 (116,855) $ (123,026) $ 14,860 (15,265) $ (30,125)
<br />Adjustment for GAAP Basis
<br />Note proceeds (401)
<br />Expenditures in Excess of Revenues - GAAP Basis (117,256) (15,265)
<br />Fund Balance - Beginning of Year 186,941 202,206
<br />Fund Balance - End of Year $ 69,685 $ 171,676
<br /> The accompanying notes are an integral part of these statements.
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