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Park Center Water District
<br />Schedule of Budget Comparison
<br />Source of Funds
<br />Water sales
<br />Other operating revenue
<br />Tap fees
<br />'Tax revenues
<br />Interest income
<br />Developer and other contributions
<br />Property sales
<br />Loan proceeds
<br />Total Funds Available
<br />Uses of Funds, Expenditures and Disbursements
<br />Water operating expenses -net of depreciation
<br />General and administrative expenses
<br />Cost of sales for property
<br />Debt service:
<br />Bonds and notes
<br />Leases
<br />Capital outlay
<br />Total Uses Of Funds
<br />Net Sources and uses of funds
<br />Adjustments to Arrive at Net Income
<br />Less depreciation expense
<br />Add capitalized assets
<br />Less loan proceeds
<br />Add principal payments on debt
<br />Add capitalized interest
<br />Developer contributions
<br />Less loss on disposal of fixed assets
<br />Changes in accruals
<br />Net Adjustments to Arrive at Net Income
<br />Net Income Per Financial Statements
<br />
<br />For the Year Ended December 31, 2005
<br />Balance
<br />Original Final Favorable
<br />Budget Budget Actual (Unfavorable)
<br />$ 728,475 $ 757,000 $ ?60,823 $ 3,823
<br />31,500 17,950 18,122 172
<br />60,000 30,000 30,000 -
<br />21,000 19,700 19,206 (494)
<br />4,000 8,400 9,019 619
<br />13,000 - - -
<br />597,000 489,900 489,900 -
<br />
<br />1,454,975 1,322,950 1,327,070 4,120
<br />
<br />717,890 504,050 489,872 14,178
<br />180,100 134,350 129,328 5,022
<br />65,000 65,200 64,778 422
<br />486,863 484,763 480,696 4,067
<br />135,100 89,300 46,761 42,539
<br />1,584,953 1,277,663 1,211,435 66,228
<br />
<br />$ (129,978) $ 45,287 $ 115,635 $ (62,108)
<br />(124,424)
<br />46,761
<br />414,392
<br />15,853
<br />(3,897)
<br />,~~
<br />J~F7,`4L /
<br />$ 465,062
<br />See Independent Auditors' Report. 11
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