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HomeMy WebLinkAboutAttachment 2 - Mid-Cycle Budget ReviewATTACHMENT 2 PRELIMINARY Variance FY16 FY16 Favorable Type Budget Actual (Unfavorable)% OPERATING REVENUE Residential 10,125,616$9,893,429$(232,187)$-2% Commercial 1,283,892 1,422,769 138,877 11% Standby & Fire Protection 145,840 138,480 (7,360)-5% Other 268,641 521,501 252,860 94% Total Operating Revenue 11,823,989 11,976,179 152,190 1% OPERATING EXPENSE Board of Directors 130,439 101,134 29,305 22% General Management 470,903 476,310 (5,407)-1% Administrative Svcs.1,260,494 1,219,222 41,272 3% Public Info. & Consrv.283,208 261,012 22,196 8% Operations 4,480,448 4,676,584 (196,136)-4% IT/GIS 548,865 538,903 9,962 2% Interdepartmental Rent 553,602 553,602 0 0% GASB 68 Sidefund Principal 288,104 288,104 0 0% Total Operating Expense 8,016,063 8,114,872 (98,809)-1% NET OPERATING INCOME 3,807,926 3,861,307 53,381 OTHER INCOME (EXPENDITURE) Investment Income (Loss)51,161 71,368 20,207 39% Transfers to Vehicle Reserve (155,227)(155,227)0 0% Facility Fund Reimbursement for Facility Fee Debt 356,594 506,752 150,158 42% Debt Service (2,125,584)(2,125,584)0 0% Total Other Income (Expenditure)(1,873,056)(1,702,691)170,365 CAPITAL EXPENDITURES FUNDED BY OPERATIONS 1,934,870 2,219,567 (284,697)-15% NET OPERATIONS FUNDED CASH INFLOW (OUTFLOW)-(60,951)(60,951) CAPITAL EXPENDITURES FUNDED BY RESERVES Operating Reserve 668,968 1,468,968 (800,000) Vehicle Reserve - 248,128 (248,128) Meter Reserve 285,275 104,842 180,433 Total 954,243 1,821,938 (867,695) WATER DEPARTMENT Truckee Donner Public Utility District Budget vs. Actual Revenue & Expenditures Fiscal Year Ending December 31, 2016