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Stonegate Village Metropolitan District <br />SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUNDS <br />AVAILABLE -BUDGET AND ACTUAL (BUDGETARY BASIS) -WATER FUND <br />For the Year Ended December 31, 2006 <br /> Original <br /> & Final <br />REVENUES Budget <br />Water sales $ 2,100,000 <br />Meter set fees 5,000 <br />Tap fees (system development fees) 100,000 <br />Reimbursements 197,500 <br />Interest income - <br />Total revenues <br />EXPENDITURES <br />Operations <br />Utility billings <br />District management <br />Engineering <br />Laboratory analysis <br />Chemicals <br />Meter costs <br />Utilities <br />Insurance <br />Repairs and maintenance <br />Landscaping <br />Capital expenditures <br />Tools and supplies <br />Accounting and audit <br />Legal <br />Other <br />Water regulations <br />Water studies <br />Reimbursed expenses <br />Replacement reserve -prior year <br />Replacement reserve - cun•ent year <br />Conservation <br />Contingency <br />Total expenses <br />2,402,500 <br />147,000 <br />90,000 <br />90,000 <br />90,000 <br />10,000 <br />zz,oo0 <br />5,000 <br />430,000 <br />18,000 <br />I s 0,000 <br />2,000 <br />1,780,000 <br />2,000 <br />13,000 <br />25,000 <br />4,000 <br />15,000 <br />1 s,0oo <br />66,000 <br />446,000 <br />200,000 <br />Actual <br />$ 2,790,554 <br />28,164 <br />9,664 <br />63,441 <br />107,634 <br />2,999,367 <br />159,626 <br />88,303 <br />72,81 S <br />153,1]5 <br />3,486 <br />15,456 <br />61,444 <br />601,641 <br />16,348 <br />84,608 <br />757,688 <br />1,672 <br />10,499 <br />27,221 <br />6,819 <br />2,677 <br />47,824 <br />1,844 <br />1,174,698 - <br />4,792,598 2,110,785 <br />Variance <br />Favorable <br />(Unfavorable) <br />$ 690,SS4 <br />23,164 <br />(90,336) <br />(134,OS9} <br />107,634 <br />696,867 <br />(12,626) <br />1,697 <br />17,186 <br />(63,115) <br />6,514 <br />6,646 <br />(66,444) <br />(171,641) <br />2,652 <br />66,392 <br />2,000 <br />1,022,312 <br />428 <br />2,601 <br />(2,221 } <br />(1,819) <br />1 s,0oo <br />12,423 <br />17,176 <br />445,000 <br />200,000 <br />(1,844) <br />1,174,698 <br />2,681,813 <br />Excess (deficiency) of revenue over expenditures $ (2,390,098) $ 888,572 $ 3,278,670 <br />26 <br />