|
SCHEDULE 1
<br /> PINEWOOD SPRINGS WATER DISTRICT
<br /> SCHEDULE OF REVENUES AND EXPENDITURES -
<br /> BUDGET AND ACTUAL (BUDGETARY BASIS)
<br /> Year Ended December 31, 2011
<br /> Actual Variance -
<br /> 2011 (Budgetary Favorable
<br /> Budget Basis) (Unfavorable)
<br /> REVENUES
<br /> Operating Revenues -
<br /> Water sales $ 219,000 $ 198,957 $ (20,043)
<br /> System rehabilitation fees 29,601 27,134 (2,467)
<br /> Tap connection fees - - -
<br /> System connection fee - - -
<br /> Total operating revenues 248,601 226,091 (22,510)
<br /> Property taxes 258,695 263,115 4,420
<br /> Specific ownership taxes 9,000 15,067 6,067
<br /> Interest income 900 1,584 684
<br /> Other revenue - 11,074 11,074
<br /> Grant income - 25,000 25,000
<br /> Total non operating revenues 268,595 315,840 47,245
<br /> Total revenues $ 517,196 $ 541,931 $ 24,735
<br /> Operating Expenses -
<br /> Wages 85,775 79,565 6,210
<br /> Backhoe repairs and maintenance 600 - 600
<br /> Utilities expense 31,600 24,545 7,055
<br /> Reservoir repairs and maintenance 15,600 6,957 8,643
<br /> Water supplies and chemicals 10,000 7,756 2,244
<br /> Payroll taxes 6,819 6,066 753
<br /> Vehicle expense 4,515 8,478 (3,963)
<br /> Water shares rental 1,000 - 1,000
<br /> Water shares purchase - 465 (465)
<br /> Water testing 5,000 3,266 1,734
<br /> Water system repairs and maintenance 12,870 632 12,238
<br /> Telephone 1,300 1,095 205
<br /> Contract labor 1,000 4,048 (3,048)
<br /> Dues and training 1,000 1,190 (190)
<br /> Water storage 850 391 459
<br /> Total operating expenses $ 177,929 $ 144,454 $ 33,475
<br /> The accompanying notes are an integral part of this schedule. Page 24
<br />
|