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Actual |
Actual |
Actual |
Estimated |
Budget |
|
2005 |
2006 |
2007 |
2008 |
2009 |
| REVENUES |
|
| Investment Earnings |
2,069,941 |
2,846,910 |
4,420,154 |
5,245,083 |
3,410,592 |
| Unrealized Gains (Losses) on
Investment Earnings |
(354,002) |
(324,251) |
636,662 |
1,683,833 |
--- |
| Net Investment Earnings |
1,715,939 |
2,522,659 |
5,056,816 |
6,928,916 |
3,410,592 |
| Water Development Fee |
2,885,047 |
7,002,518 |
7,559,520 |
8,688,139 |
9,017,419 |
| Sewer Development Fee |
3,604,141 |
8,633,450 |
8,362,886 |
8,506,606 |
10,809,344 |
| Misc. Developer Payments |
12,750 |
52,616 |
6,110 |
--- |
--- |
| TOTAL REVENUES |
8,217,877 |
18,211,243 |
20,985,332 |
24,123,661 |
23,237,355 |
|
|
|
|
| OTHER FINANCING SOURCES
(USES) |
|
| Water Projects Fund |
(889,408) |
(1,607,208) |
(4,525,983) |
(13,402,552) |
(11,170,590) |
| Sewer Projects Fund |
(1,580,825) |
(6,300,344) |
(14,104,386) |
(10,922,962) |
(18,738,937) |
|
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| TOTAL OTHER FINANCING |
|
| SOURCES (USES) |
(2,470,233) |
(7,907,552) |
(18,630,369) |
(24,325,514) |
(29,909,527) |
|
|
| Net Income (Loss) |
5,747,644 |
10,303,691 |
2,354,963 |
(201,853) |
(6,672,172) |
| Adjustment to Accrual |
480,648 |
904,591 |
--- |
--- |
--- |
| Gain on Sale of Assets |
--- |
102,300 |
--- |
--- |
--- |
| Net Income (Loss) Adjusted |
6,228,292 |
11,310,582 |
2,354,963 |
(201,853) |
(6,672,172) |
|
|
| Net Assets-Start of Year |
28,936,745 |
35,165,037 |
46,475,619 |
49,741,947 |
52,970,258 |
| Fund Equity Transfer |
--- |
--- |
--- |
2,338,665 |
--- |
| Transfer From Utility Fund -
Morrisville |
--- |
--- |
--- |
1,091,499 |
1,114,817 |
| Transfer From Utility Fund |
--- |
--- |
--- |
--- |
858,738 |
| Adjustment to Accrual |
--- |
--- |
911,365 |
--- |
--- |
|
|
| * Net Assets-End of Year |
35,165,037 |
46,475,619 |
49,741,947 |
52,970,258 |
48,271,641 |
| |
|
| * Fund Equity-End of Year |
34,869,479 |
45,275,470 |
47,630,433 |
50,858,744 |
46,160,127 |
| |
|
| ** Undesignated Fund
Equity-End of Year |
34,515,477 |
44,951,219 |
46,993,771 |
49,174,911 |
44,476,294 |
|
| * "Net Assets-End of Year" includes
non-expendable accounting adjustments, while "Fund Equity-End of
Year" represents |
| available cash reserves. |
|
| **
"Undesignated Fund Equity - End of Year" represents fund equity
available for future appropriation. |
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