C153604 Feasibility Study - Laserfiche WebLink

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. . of Revenues and ExpendITures for 1988 and 1989. A summary of the District's revenues and expenses are listed in Table 3. . The primary source of income for the District is the Sedgwick County assessments for land wIThin the District. In 1991, the assessment was increased by $2 to $18 per acre, AddITional significant revenue sources are water assessments, which are payments to the District by the non district Harmony DITch and Peterson DITch water users for ditch maintenance and water transportation charges; and interest paid on emergency funds held in reserve by the District. Other sources of revenue (listed in Table 3 as "othe~') are delinquent taxes, interest on delinquent taxes, a state grant ($36,000 In 1988), proceeds from a municipal lease agreement ($44,572 in 1988 and $12,000 in 1989), and other miscellaneous ITems, . . Expenses include the general operation of the District, including office maintenance, bookkeeper and District manager salaries, and directors and attorney fees, The major District expenses are for operation and maintenance of facilITies and equipment purchase, The District also makes payments on several municipal lease agreements. Included In the operations and maintenance expenses are extraordinary expenses related to the recent major repairs to Dam Nos, 2 and No, 3, These expenses include engineering field investigations, design, and construction of the dam repairs. . . During the 1985 through 1989 period (1989 is the last year for which data is available), the District's revenues have averaged $312,500, and expenses $315,200, which includes about $48,700 per year for extraordinary expenses related to rehabilitation of major District facilities. In recent years, the District has maintained a cash surplus for emergency uses and extraordinary expenses, including rehabilITation of the District facilities, This reserve fund has averaged about $100,000, The end-of-year fund balance is also shown in Table 3, . . Phvsical Assets The District owns various water conveyance and storage facilities and maintenance equipment. A list of the major facilities and pieces of equipment, and a brief description of the condition and age are presented in Table 4, . 6 .