june 2019 draft monthly financial statements...gl acct title amount description 131-10/136-10...

JUNE 2019 Draft

Monthly Financial Statements

CONTENTS FINANCIAL STATEMENTS: Page Cash/Investment Balance Report As of June 30, 2019 1 Statement of Monthly Operations 7 Months Ended June 30, 2019 2 - 3 Comparative Statements of Operations 6 Months Ended June 30, 2019 4 - 5 Cost Per Equivalent Residential Unit 6 Months Ended June 30, 2019 6 - 7 Maintenance & Operations Budget Worksheet 8 Maintenance & Operations Current Year Over (Under) Budget 6 Months Ended June 30, 2019 9 – 11 Fund 58 Capital Projects - Expenses to Date Summary 12 History, Budget, Forecast Waterfall 13

Cash/Investment Balance Report as of: 6/30/2019

Cash/Investments to pay for Maintenance & OperationsGL Acct Title Amount Description

131-10/136-10 MAINTENANCE FUND 1,041,692.73 Maintenance

131-00 Cash in Columbia Bank 76,926.62 Columbia Bank

131-01 Cash in Whidbey Island 247,531.46 Heritage Bank

131-02 Cash in Xpress Bill Pay 41,499.93 Xpress Deposit Account

PETTY CASH ACCOUNTS 16,087.76 Petty Cash Checking, Cash & Front

Desk Cash Boxes

TOTAL M&O CASH/INVESTMENTS 1,423,738.50

Cash/Investments to pay for Debt131-34/136-34 ULID #13 ASSESSMENT - ULID #13 Assessment Fund

131-26/136-26 SRF P&I PAYMENT 149,506.58 SRF P&I Payments

125-13/126-13 2010 BOND P&I PAYMENT 1,531,868.90 2010 Bond P&I Payments

125-15/126-15 CITY BOND P&I PAYMENT 125,454.41 City Bond P&I Payments

131-31/136-31 PWTF DEBT SERVICE 15,577.38 PWTF P&I Payments

TOTAL DEBT CASH/INVESTMENTS 1,822,407.27

Cash/Investments to pay for Capital ProjectsGL Acct Title Amount Description

131-29/136-29 CAPITAL EXPENSE 2,032,656.93 Current Capital Expenditure Fund

Use by resolution only131-16/136-16 CAPITAL IMPROVEMENTS 13,580,487.92 Future Capital Improvement Fund

TOTAL CAPITAL CASH/INVESTMENTS 15,613,144.85

Restricted Cash/InvestmentsGL Acct Title Amount Description

Restricted for Debt Payments131-44/136-44 RATE STBLZN CNTY POOL 8,378,784.14 County Pool - Rate Stabilization

Restricted per Bond / Loan Documents125-40/126-40 2010 BND RSRV CO POOL 2,294,320.00 County Pool-2010 Bond Reserves

131-46/136-46 SRF RESERVE CNTY POOL 3,563,135.00 County Pool - SRF Rerserves

Restricted Other Cash

ESCROW TYPE ACCOUNTS 36,013.18

AP, Snohomish County, Masters

Touch, Aflac Medical

Reimbursement

TOTAL RESTRICTED CASH/INVESTMENTS 14,272,252.32

GRAND TOTAL CASH/INVESTMENTS 33,131,542.94

TOTAL JUNE CASH/INV BALANCE 33,131,542.94

TOTAL MAY CASH/INV BALANCE 33,651,238.10

MONTHLY INCREASE/(DECREASE) (519,695.16)

Page 1 of 13

DRAFT

DEC JAN FEB MAR APR MAY JUN

OPERATING REVENUE

RESIDENTIAL SERVICE 1,051,771 1,053,569 1,054,085 1,055,624 1,057,422 1,058,331 1,062,229

COMMERCIAL SERVICE 61,034 64,615 66,980 57,998 60,769 72,278 80,954

SCHOOLS 15,099 13,895 12,285 11,933 18,577 21,096 16,876

1,127,905 1,132,079 1,133,349 1,125,555 1,136,768 1,151,705 1,160,059

PERMIT FEES 4,000 2,000 4,625 7,050 6,100 9,875 9,000

OTHER SEWER REVENUE 18,234 21,519 17,402 64,443 17,276 15,494 15,933

TOTAL OPERATING REVENUE 1,150,139 1,155,598 1,155,377 1,197,048 1,160,143 1,177,073 1,184,992

OPERATING EXPENSES

PLANT OPERATIONS EXPENSE 124,781 41,075 84,209 83,955 84,776 85,412 84,199

PLANT SALARIES, BENEFITS & PR TAXES 31,711 95,499 91,587 92,806 91,759 86,259 80,737

MAINTENANCE & COLLECTIONS EXPENSE 18,031 4,772 16,448 26,795 14,830 16,325 13,964

MAINTENANCE & COLLECTIONS UTILITIES 20,077 13,272 20,059 15,984 15,091 13,223 12,638

MAINTENANCE SALARIES, BENEFITS & PR TAXES 16,021 104,563 102,351 102,278 104,480 95,826 92,324

ADMINISTRATIVE EXPENSE 15,829 11,126 11,177 8,778 12,231 12,112 18,693

ADMINISTRATIVE SALARIES, BENEFITS & PR TAXES 19,203 76,357 77,273 76,342 76,534 76,381 75,313

COMMISSIONERS' SALARIES 2,688 1,920 2,736 1,368 2,052 1,596 1,482

CUSTOMER RECORDS & COLLECTION 6,448 (1,438) 13,327 13,899 7,529 6,840 7,647

CONF, TRAVEL, MILEAGE & MEALS 6,113 3,175 4,158 740 4,136 3,518 2,592

TRAINING & SCHOOLING 889 475 309 35 275 435 7,084

BUSINESS TAXES & INSURANCE 37,366 36,399 50,091 50,212 53,184 44,230 49,045

ENGINEERING 5,270 2,412 843 3,215 2,799 1,940 6,335

LEGAL 14,134 1,044 10,964 5,202 8,444 2,927 14,326

STATE AUDITOR 1,783 0 0 0 0 0 0

CPA 8,580 0 0 0 0 0 0

HUMAN RESOURCES 0 0 0 200 465 2,070 0

FINANCIAL 2,501 0 0 0 0 0 0

CITY OPERATING FEE 1,250 1,250 1,250 1,250 1,250 1,250 1,250

TOTAL OPERATING EXPENSE 332,674 391,902 486,782 483,059 479,835 450,343 467,629

OPERATING INCOME 817,465 763,695 668,594 713,989 680,308 726,730 717,363

OTHER REVENUE

INTEREST ON ASSESSMENTS (1,063) 0 0 1,011 0 0 0

INTEREST ON INVESTMENTS, NET

OF INVESTMENT FEES 54,130 57,627 56,347 63,252 65,293 67,158 62,035

CONTRIBUTED CAPITAL-CONN FEES 116,670 18,000 697,250 18,000 823,088 586,899 0

CONTRIBUTED CAPITAL-SWI BASIN CHARGE 4,785 3,190 79,750 3,190 28,710 0 0

CONTRIBUTED CAPITAL-OTHER 7,959 19,430 14,166 7,959 11,354 0 0

CONTRIBUTED CAPITAL-DONATED 85,757 0 561,573 0 1,561,511 271,097 0

NET RENTAL INCOME (LOSS) 2,339 2,634 2,537 2,712 2,499 2,187 2,702

OTHER INTEREST INCOME 3 3 3 5 9 10 10

GAIN ON SALE OF FIXED ASSET 23,329 0 0 0 0 0 0

TOTAL OTHER REVENUE 293,909 100,884 1,411,627 96,128 2,492,464 927,351 64,747

OTHER DEDUCTIONS

INTEREST EXPENSE 213,226 213,226 213,037 213,037 213,037 216,967 211,022

DEPRECIATION & AMORTIZATION 523,769 523,619 523,619 523,619 523,619 523,619 523,619

TOTAL OTHER DEDUCTIONS 736,995 736,845 736,656 736,656 736,656 740,586 734,641

NET INCOME 374,378 127,735 1,343,564 73,460 2,436,115 913,496 47,470

LAKE STEVENS SEWER DISTRICT

STATEMENT OF MONTHLY OPERATIONS - 7 MONTHS ENDED JUNE 30, 2019

Page 2 of 13

DRAFT

DEC JAN MAR APR MAY MAY JUN

OTHER SEWER REVENUE

FORFEITURE DISC & PENALTIES 14,054 14,743 12,819 16,055 14,322 12,582 13,190

INTEREST CHARGES 1,695 1,817 1,681 1,870 1,717 1,615 1,691

FOG PROGRAM FEE (500) (350) 0 43,925 (1,575) (2,050) (2,075)

DEVELOPER ADMIN CHARGES 2,953 3,696 2,901 2,577 2,811 3,325 3,127

OTHER MISC REVENUES 33 1,613 0 16 0 21 0

18,234 21,519 17,402 64,443 17,276 15,494 15,933

PLANT OPERATIONS EXPENSES

UTILITIES 33,439 37,369 35,994 48,076 35,983 33,111 33,766

CHEMICALS 47,090 0 25,229 15,980 25,280 28,561 31,109

BIOSOLIDS 16,259 0 13,297 12,318 7,016 11,456 10,747

EQUIPMENT & SUPPLIES 13,889 655 1,728 2,737 3,752 6,413 3,273

TELECOMMUNICATIONS 1,853 882 1,254 1,250 1,252 1,242 1,457

SOFTWARE SUPPORT 0 600 495 0 5,082 0 0

FACILITY SERVICES 5,239 265 3,350 1,758 2,327 230 845

LABORATORY 5,185 553 1,991 777 3,176 3,087 1,627

MISCELLANEOUS 1,828 752 872 1,060 908 1,312 1,376

124,781 41,075 84,209 83,955 84,776 85,412 84,199

PLANT SALARIES, BENEFITS & PR TAXES

PLANT SALARIES 78,790 66,443 62,716 64,606 64,455 59,343 59,792

PLANT BENEFITS (52,895) 22,334 22,659 21,655 20,765 20,745 20,799

PLANT PR TAXES 5,815 6,722 6,212 6,545 6,539 6,171 146

31,711 95,499 91,587 92,806 91,759 86,259 80,737

MAINTENANCE & COLLECTIONS EXPENSE

MAINTENANCE OF LINES 1,244 0 2,312 5,605 3,185 130 0

DISTRICT LIFT STATION MAINTENANCE 1,575 35 1,674 870 (9) 4,116 3,886

CITY LIFT STATION MAINTENANCE 1,274 0 277 116 823 588 821

FIELD BLDG MAINTENANCE 2,403 286 282 143 191 185 767

SOFTWARE MAINTENANCE & LIFT STATION TELEPHONE 0 0 0 11,863 0 0 0

TELECOMMUNICATIONS 1,170 903 959 974 1,025 1,000 995

CHEMICALS & ODOR CONTROL 5,050 0 3,075 2,516 1,052 1,951 1,131

SYSTEM EXPENSE 2,167 547 4,479 948 3,263 4,935 2,889

SAFETY 250 104 250 781 2,321 443 496

FIELD BLDG RENT 2,897 2,897 3,140 2,978 2,978 2,978 2,978

18,031 4,772 16,448 26,795 14,830 16,325 13,964

MAINTENANCE & COLLECTIONS SALARIES, BENEFITS & PR TAXES

MAINTENANCE & COLLECTIONS SALARIES 71,077 71,054 69,266 69,105 71,293 65,584 68,648

MAINTENANCE & COLLECTIONS BENEFITS (61,573) 26,160 26,103 25,896 25,647 23,350 23,739

MAINTENANCE & COLLECTIONS PR TAXES 6,516 7,350 6,982 7,277 7,540 6,893 (63)

16,021 104,563 102,351 102,278 104,480 95,826 92,324

ADMINISTRATIVE EXPENSE

OFFICE SUPPLIES & MAINTENANCE 13,692 8,056 9,446 7,828 11,300 10,415 13,469

DUES, CERTS & SUBSCRIPTIONS 1,053 2,193 860 9 9 749 304

TELECOMMUNICATIONS 845 849 845 855 845 845 845

ADVERTISING, PROMO & PUBLIC EDUCATION 239 28 27 86 77 103 4,075

15,829 11,126 11,177 8,778 12,231 12,112 18,693

ADMINISTRATIVE SALARIES, BENEFITS & PR TAXES

ADMINISTRATIVE SALARIES 59,792 51,982 52,639 52,107 52,700 52,392 52,273

ADMINISTRATIVE BENEFITS (44,794) 20,002 20,209 19,838 19,368 19,596 19,577

ADMINISTRATIVE PR TAXES 4,205 4,374 4,425 4,397 4,466 4,392 3,464

19,203 76,357 77,273 76,342 76,534 76,381 75,313

BUSINESS TAXES & INSURANCE

EXCISE TAX 14,218 21,130 31,436 21,222 33,307 28,991 33,806

PROPERTY/DIKING TAX & FIRE DISTRICT FEE 6,489 0 760 0 4,638 0 0

OPERATING LICENSES & PERMITS 1,420 30 2,655 13,752 0 0 0

PROPERTY INSURANCE 15,239 15,239 15,239 15,239 15,239 15,239 15,239

37,366 36,399 50,091 50,212 53,184 44,230 49,045


STATEMENT OF MONTHLY OPERATIONS - 7 MONTHS ENDED JUNE 30, 2019

Page 3 of 13

DRAFT

CURRENT SAME MO INCREASE CURRENT LAST INCREASE YTD %

MONTH LAST YR (DECREASE) Y-T-D Y-T-D (DECREASE) INCR/(DECR)

OPERATING REVENUE

RESIDENTIAL SERVICE 1,062,229 1,035,612 26,617 6,341,260 6,190,005 151,255 2.44%

COMMERCIAL SERVICE 80,954 64,443 16,511 403,594 371,152 32,441 8.74%

SCHOOLS 16,876 12,736 4,140 94,661 62,984 31,677 50.29%

1,160,059 1,112,790 47,268 6,839,515 6,624,141 215,373 3.25%

PERMIT FEES 9,000 5,000 4,000 38,650 26,875 11,775 43.81%

OTHER SEWER REVENUE 15,933 26,174 (10,241) 152,067 140,681 11,385 8.09%

TOTAL OPERATING REVENUE 1,184,992 1,143,965 41,027 7,030,232 6,791,698 238,533 3.51%

OPERATING EXPENSES

PLANT OPERATIONS EXPENSE 84,199 93,000 (8,801) 463,627 489,232 (25,605) (5.23%)

PLANT SALARIES & BENEFITS & PR TAXES 80,737 85,867 (5,130) 538,648 508,723 29,925 5.88%

MAINT & COLLECTIONS EXPENSE 13,964 13,760 204 93,135 102,316 (9,181) (8.97%)

MAINT & COLLECTIONS UTILITIES 12,638 15,065 (2,427) 90,266 99,236 (8,970) (9.04%)

MAINT SALARIES & BENEFITS & PR TAXES 92,324 96,787 (4,462) 601,822 589,979 11,843 2.01%

ADMIN EXPENSE 18,693 11,022 7,670 74,117 107,862 (33,745) (31.29%)

ADMIN SALARIES & BENEFITS & PR TAXES 75,313 73,116 2,197 458,201 435,833 22,367 5.13%

COMMISSIONERS' SALARIES 1,482 1,254 228 11,154 7,980 3,174 39.77%

CUSTOMER RECORDS & COLLECTION 7,647 5,662 1,984 47,804 42,612 5,192 12.19%

CONF, TRAVEL, MILEAGE & MEALS 2,592 2,060 532 18,320 24,479 (6,160) (25.16%)

TRAINING & SCHOOLING 7,084 1,114 5,970 8,613 6,352 2,261 35.58%

BUSINESS TAXES & INSURANCE 49,045 34,988 14,057 283,161 259,132 24,030 9.27%

ENGINEERING 6,335 5,080 1,254 17,543 19,479 (1,936) (9.94%)

LEGAL 14,326 14,800 (474) 42,906 46,230 (3,324) (7.19%)

STATE AUDITOR 0 0 0 0 0 0 0.00%

CPA 0 0 0 0 0 0 0.00%

HUMAN RESOURCES 0 0 0 2,735 405 2,330 575.31%

FINANCIAL 0 0 0 0 0 0 0.00%

CITY OPERATING FEE 1,250 1,250 0 7,500 7,500 0 0.00%

TOTAL OPERATING EXPENSE 467,629 454,827 12,802 2,759,551 2,747,351 12,200 0.44%

OPERATING INCOME 717,363 689,138 28,225 4,270,681 4,044,347 226,333 5.60%

OTHER REVENUE

INTEREST ON ASSESSMENTS 0 0 0 1,011 1,463 (453) (30.94%)

INTEREST ON INVESTMENTS, NET

OF INVESTMENT FEES 62,035 41,822 20,213 371,712 226,959 144,753 63.78%

CONTRIBUTED CAPTIAL-CONN FEES 0 45,000 (45,000) 2,143,237 2,010,515 132,722 6.60%

CONTRIBUTED CAPITAL-SWI BASIN CHARGE 0 6,380 (6,380) 114,840 213,730 (98,890) 0.00%

CONTRIBUTED CAPTIAL-OTHER 0 15,917 (15,917) 52,909 98,695 (45,786) 0.00%

CONTRIBUTED CAPITAL-DONATED 0 0 0 2,394,181 2,175,923 218,258 0.00%

NET RENTAL INCOME (LOSS) 2,702 1,352 1,350 15,272 11,943 3,329 27.87%

OTHER INTEREST INCOME 10 1 10 40 38 2 4.40%

GAIN ON SALE OF FIXED ASSET 0 0 0 0 0 0 0.00%

TOTAL OTHER REVENUE 64,747 110,472 (45,725) 5,093,200 4,739,266 353,935 7.47%

OTHER DEDUCTIONS

INTEREST EXPENSE 211,022 219,862 (8,840) 1,280,327 1,337,814 (57,487) (4.30%)

DEPRECIATION & AMORTIZATION 523,619 514,961 8,658 3,141,713 3,089,769 51,945 1.68%

TOTAL OTHER DEDUCTIONS 734,641 734,823 (182) 4,422,040 4,427,582 (5,542) (0.13%)

NET INCOME 47,470 64,787 (17,318) 4,941,841 4,356,030 585,810 13.45%


COMPARATIVE STATEMENTS OF OPERATIONS - 12 MONTH ENDED JUNE 30, 2019

Page 4 of 13

DRAFT

CURRENT SAME MO INCREASE CURRENT LAST INCREASE YTD %

MONTH LAST YR (DECREASE) Y-T-D Y-T-D (DECREASE) INCR/(DECR)

OTHER SEWER REVENUE

FORFEITURE DISC & PENALTIES 13,190 11,869 1,321 83,711 72,433 11,278 15.57%

INTEREST CHARGES 1,691 1,494 196 10,392 9,355 1,037 11.08%

FOG PROGRAM FEE (2,075) 7,200 (9,275) 37,875 29,500 8,375 0.00%

DEVELOPER ADMIN CHARGES 3,127 5,598 (2,471) 18,438 21,096 (2,659) (12.60%)

OTHER MISC REVENUES 0 (13) 13 1,651 8,297 (6,646) 0.00%

15,933 26,149 (10,216) 152,067 140,681 11,385 8.09%

PLANT OPERATIONS EXPENSES

UTILITIES 33,766 32,152 1,614 224,299 217,271 7,027 3.23%

CHEMICALS 31,109 30,553 556 126,160 136,790 (10,630) (7.77%)

BIOSOLIDS 10,747 8,970 1,777 54,834 56,489 (1,655) (2.93%)

EQUIPMENT & SUPPLIES 3,273 10,830 (7,557) 18,557 32,313 (13,755) (42.57%)

TELECOMMUNICATIONS 1,457 1,231 226 7,335 7,410 (75) (1.01%)

SOFTWARE SUPPORT 0 3,570 (3,570) 6,177 5,265 912 17.32%

FACILITY SERVICES 845 1,545 (700) 8,774 13,524 (4,750) (35.12%)

LABORATORY 1,627 3,256 (1,629) 11,211 11,515 (305) (2.65%)

MISCELLANEOUS 1,376 894 482 6,280 8,654 (2,374) (27.44%)

84,199 93,000 (8,801) 463,627 489,232 (25,605) (5.23%)


PLANT SALARIES 59,792 58,349 1,444 377,357 347,482 29,874 8.60%

PLANT BENFITS 20,799 21,717 (918) 128,957 126,355 2,602 2.06%

PLANT PR TAXES 146 5,801 (5,655) 32,334 34,886 (2,552) (7.31%)

80,737 85,867 (5,130) 538,648 508,723 29,925 5.88%

MAINTENANCE & COLLECTIONS EXPENSES

MAINTENANCE OF LINES 0 241 (241) 11,233 10,143 1,089 10.74%

DISTRICT LIFT STATION MAINTENANCE 3,886 1,837 2,050 10,573 14,627 (4,055) (27.72%)

CITY LIFT STATION MAINTENANCE 821 2,960 (2,140) 2,625 10,642 (8,018) (75.34%)

FIELD BLDG MAINTENANCE 767 455 313 13,718 13,546 172 1.27%

SOFTWARE MAINTENANCE & LIFT STATION TELEPHONE0 0 0 0 0 0 #DIV/0!

TELECOMMUNICATIONS 995 880 115 5,856 5,291 565 10.68%

CHEMICALS & ODOR CONTROL 1,131 1,618 (487) 9,725 12,168 (2,442) (20.07%)

SYSTEM EXPENSE 2,889 2,519 371 17,062 8,243 8,819 106.98%

SAFETY 496 354 142 4,395 10,187 (5,792) (56.85%)

FIELD BLDG RENT 2,978 2,897 81 17,949 17,469 480 2.75%

13,964 13,760 204 93,135 102,316 (9,181) (8.97%)


MAINTENANCE & COLLECTIONS SALARIES 68,648 64,945 3,703 414,949 399,978 14,971 3.74%

MAINTENANCE & COLLECTIONS BENFITS 23,739 25,162 (1,423) 150,894 148,790 2,104 1.41%

MAINTENANCE & COLLECTIONS PR TAXES (63) 6,680 (6,743) 35,978 41,210 (5,232) (12.70%)

92,324 96,787 (4,463) 601,822 589,979 11,843 2.01%


OFFICE SUPPLIES & MAINTENANCE 13,469 9,712 3,757 60,515 79,517 (19,003) (23.90%)

DUES, CERTS & SUBSCRIPTIONS 304 240 64 4,124 22,442 (18,318) (81.63%)

TELECOMMUNICATIONS 845 869 (24) 5,083 5,173 (89) (1.73%)

ADVERTISING, PROMO & PUBLIC EDUCATION 4,075 201 3,873 4,395 730 3,665 501.88%

18,693 11,022 7,670 74,117 107,862 (33,745) (31.29%)


ADMINISTRATIVE SALARIES 52,273 49,631 2,641 314,092 297,696 16,396 5.51%

ADMINISTRATIVE BENFITS 19,577 19,506 71 118,590 114,150 4,440 3.89%

ADMINISTRATIVE PR TAXES 3,464 3,978 (515) 25,518 23,986 1,532 6.38%

75,313 73,116 2,197 458,201 435,833 22,367 5.13%


EXCISE TAX 33,806 20,055 13,751 169,892 149,934 19,958 13.31%

PROPERTY/DIKING TAX & FIRE DISTRICT FEE 0 0 0 5,399 3,361 2,038 0.00%

OPERATING LICENSES & PERMITS 0 0 0 16,437 16,237 200 1.23%

PROPERTY INSURANCE 15,239 14,933 306 91,434 89,601 1,833 2.05%

49,045 34,988 14,057 283,161 259,132 24,030 9.27%


COMPARATIVE STATEMENTS OF OPERATIONS - 12 MONTH ENDED JUNE 30, 2019

Page 5 of 13

DRAFT

CURRENT PER CURRENT PER

MONTH CUSTOMER Y-T-D CUSTOMER

CUSTOMER EQUIVALENT (ERU) 13,489 79,529

OPERATING REVENUE

RESIDENTIAL SERVICE 1,062,229 12,352 6,341,260 73,736

COMMERCIAL SERVICE 80,954 941 403,594 4,693

SCHOOLS 16,876 196 94,661 1,101

1,160,059 13,489 6,839,515 79,529

PERMIT FEES 9,000 0.67 38,650 0.49

OTHER SEWER REVENUE 15,933 1.18 152,067 1.91

TOTAL OPERATING REVENUE 1,184,992 87.85 7,030,232 88.40

OPERATING EXPENSES

PLANT OPERATIONS EXPENSE 84,199 6.24 463,627 5.83

PLANT SALARIES, BENEFITS & PR TAXES 80,737 5.99 538,648 6.77

MAINTENANCE & COLLECTIONS EXPENSE 13,964 1.04 93,135 1.17

MAINTENANCE & COLLECTIONS UTILITIES 12,638 0.94 90,266 1.14

MAINTENANCE SALARIES, BENEFITS & PR TAXES 92,324 6.84 601,822 7.57

ADMINISTRATIVE EXPENSE 18,693 1.39 74,117 0.93

ADMINISTRATIVE SALARIES, BENEFITS & PR TAXES 75,313 5.58 458,201 5.76

COMMISSIONERS' SALARIES 1,482 0.11 11,154 0.14

CUSTOMER RECORDS & COLLECTION 7,647 0.57 47,804 0.60

CONF, TRAVEL, MILEAGE & MEALS 2,592 0.19 18,320 0.23

TRAINING & SCHOOLING 7,084 0.53 8,613 0.11

BUSINESS TAXES & INSURANCE 49,045 3.64 283,161 3.56

ENGINEERING 6,335 0.47 17,543 0.22

LEGAL 14,326 1.06 42,906 0.54

STATE AUDITOR 0 0.00 0 0.00

CPA 0 0.00 0 0.00

HUMAN RESOURCES 0 0.00 2,735 0.03

FINANCIAL 0 0.00 0 0.00

CITY OPERATING FEE 1,250 0.09 7,500 0.09

TOTAL OPERATING EXPENSE 467,629 34.67 2,759,551 34.70

OPERATING INCOME 717,363 53.18 4,270,681 53.70

OTHER REVENUE

INTEREST ON ASSESSMENTS 0 0.00 1,011 0.01

INTEREST ON INVESTMENTS, NET 0

OF INVESTMENT FEES 62,035 4.60 371,712 4.67

CONTRIBUTED CAPITAL-CONN FEES 0 0.00 2,143,237 26.95

CONTRIBUTED CAPITAL-SWI BASIN CHARGE 0 0.00 114,840 1.44

CONTRIBUTED CAPITAL-OTHER 0 0.00 52,909 0.67

CONTRIBUTED CAPITAL-DONATED 0 0.00 2,394,181 30.10

NET RENTAL INCOME (LOSS) 2,702 0.20 15,272 0.19

OTHER INTEREST INCOME 10 0.00 40 0.00

GAIN ON SALE OF FIXED ASSET 0 0.00 0 0.00

TOTAL OTHER REVENUE 64,747 4.80 5,093,200 64.04

OTHER DEDUCTIONS

INTEREST EXPENSE 211,022 15.64 1,280,327 16.10

DEPRECIATION & AMORTIZATION 523,619 38.82 3,141,713 39.50

TOTAL OTHER DEDUCTIONS 734,641 54.46 4,422,040 55.60

NET INCOME 47,470 3.52 4,941,841 62.14

AVERAGE MONTHLY PRINCIPLE PAYMENT 458,918 34.02 2,753,506 34.62

1,137,568 84.33 6,793,384 85.42


COST PER EQUIVALENT RESIDENTIAL UNIT - 6 MONTH ENDED JUNE 30, 2019

TOTAL OPERATING COST + INTEREST EXPENSE +

AVERAGE MONTHLY PRINCIPLE PAYMENT

Page 6 of 13

DRAFT

CURRENT PER CURRENT PER

MONTH CUSTOMER Y-T-D CUSTOMER

OTHER SEWER REVENUE

FORFEITURE DISC & PENALTIES 13,190 0.98 83,711 1.05

INTEREST CHARGES 1,691 0.13 10,392 0.13

FOG PROGRAM FEE (2,075) (0.15) 37,875 0.48

DEVELOPER ADMIN CHARGES 3,127 0.23 18,438 0.23

OTHER MISC REVENUES 0 0.00 1,651 0.02

15,933 1.18 152,067 1.91

PLANT OPERATIONS EXPENSE

UTILITIES 33,766 2.50 224,299 2.82

CHEMICALS 31,109 2.31 126,160 1.59

BIOSOLIDS 10,747 0.80 54,834 0.69

EQUIPMENT & SUPPLIES 3,273 0.24 18,557 0.23

TELECOMMUNICATIONS 1,457 0.11 7,335 0.09

SOFTWARE SUPPORT 0 0.00 6,177 0.08

FACILITY SERVICES 845 0.06 8,774 0.11

LABORATORY 1,627 0.12 11,211 0.14

MISCELLANEOUS 1,376 0.10 6,280 0.08

84,199 6.24 463,627 5.83


PLANT SALARIES 59,792 4.43 377,357 4.74

PLANT BENFITS 20,799 1.54 128,957 1.62

PLANT PR TAXES 146 0.01 32,334 0.41

80,737 5.99 538,648 6.77

MAINTENANCE & COLLECTIONS EXPENSE

MAINTENANCE OF LINES 0 0.00 11,233 0.14

DISTRICT LIFT STATION MAINTENANCE 3,886 0.29 10,573 0.13

CITY LIFT STATION MAINTENANCE 821 0.06 2,625 0.03

FIELD BLDG MAINTENANCE 767 0.06 13,718 0.17

SOFTWARE MAINTENANCE & LIFT STATION TELEPHONE 0 0.00 0 0.00

TELECOMMUNICATIONS 995 0.07 5,856 0.07

CHEMICALS & ODOR CONTROL 1,131 0.08 9,725 0.12

SYSTEM EXPENSE 2,889 0.21 17,062 0.21

SAFETY 496 0.04 4,395 0.06

FIELD BLDG RENT 2,978 0.22 17,949 0.23

13,964 1.04 93,135 1.17


MAINTENANCE & COLLECTIONS SALARIES 68,648 5.09 414,949 5.22

MAINTENANCE & COLLECTIONS BENFITS 23,739 1.76 150,894 1.90

MAINTENANCE & COLLECTIONS PR TAXES (63) (0.00) 35,978 0.45

92,324 6.84 601,822 7.57


OFFICE SUPPLIES & MAINTENANCE 13,469 1.00 60,515 0.76

DUES, CERTS & SUBSCRIPTIONS 304 0.02 4,124 0.05

TELECOMMUNICATIONS 845 0.06 5,083 0.06

ADVERTISING, PROMO & PUBLIC EDUCATION 4,075 0.30 4,395 0.06

18,693 1.39 74,117 0.93


ADMINISTRATIVE SALARIES 52,273 3.88 314,092 3.95

ADMINISTRATIVE BENFITS 19,577 1.45 118,590 1.49

ADMINISTRATIVE PR TAXES 3,464 0.26 25,518 0.32

75,313 5.58 458,201 5.76


EXCISE TAX 33,806 2.51 169,892 12.59

PROPERTY/DIKING TAX & FIRE DISTRICT FEE 0 0.00 5,399 0.40

OPERATING LICENSES & PERMITS 0 0.00 16,437 0.21

PROPERTY INSURANCE 15,239 1.13 91,434 1.15

49,045 3.64 283,161 3.56


COST PER EQUIVALENT RESIDENTIAL UNIT - 6 MONTH ENDED JUNE 30, 2019

Page 7 of 13

DRAFT

Monthly Bud To Date Actual to Date

Jan Feb March April May Jun Jul Aug Sep Oct Nov Dec Budget Budget vs Actual vs Total

Costs Costs Costs Costs Costs Costs Costs Costs Costs Costs Costs Costs Average To Date Actual To Date Total Budget Budget

Administrative Totals: 88,549 105,809 99,754 100,499 97,437 104,775 115,180 691,080 86% 596,824 43% 1,382,160

Business Taxes &

Insurance Totals: 36,399 50,091 50,212 53,184 44,230 49,045 44,833 269,000 105% 283,161 53% 538,000

Advisors Totals: 3,456 11,983 8,617 11,708 7,116 20,660 12,983 77,900 82% 63,540 41% 155,800

Field Maintenance &

Operations Totals: 125,148 140,885 146,321 135,892 129,818 126,376 170,235 1,021,409 79% 804,440 39% 2,042,817

Plant Maintenance &

Operations Totals: 137,100 176,765 176,904 177,302 170,492 165,522 202,550 1,215,301 83% 1,004,085 41% 2,430,601

Other Rate Expense

Totals: 1,250 1,250 1,250 1,250 1,250 1,250 1,250 7,500 100% 7,500 50% 15,000

Grand Totals: 391,902 486,782 483,059 479,835 450,343 467,629 0 0 0 0 0 0 547,032 3,282,189 84% 2,759,551 42% 6,564,378

June's percentage 50%

Actual Expense for 6 months 2,759,551

Monthly Budget Average for 6 months 3,282,189

Over (Under) Budget (522,638)

Lake Stevens Sewer District

2019 Maintenance & Operations Budget Worksheet

Page 8 of 13

DRAFT

Current Current Year Over (Under) Current % of

Account Month Year To Date To Date Year To Date Year Budget

Number Account Title Actual Actual Budget Budget Budget Expended

Administrative Expenses

508-10 ADMIN MEDICARE PR TAX 757 4,618 4,900 (282) 9,800 47%

508-11 ADMIN FICA PR TAX 3,237 19,639 21,950 (2,311) 43,900 45%

508-50 MERCHANT SERVICES FEE 395 2,733 5,000 (2,267) 10,000 27%

623-05 DIST UTILITIES OFFICE 448 2,623 3,627 (1,004) 7,254 36%

903-00 CUSTOMER RECORDS & COLLECTION 7,647 47,804 44,000 3,804 88,000 54%

903-01 LIEN FILING EXPENSE 0 0 125 (125) 250 0%

903-02 FORECLOSURE EXPENSE 0 0 1,250 (1,250) 2,500 0%

920-00 ADMIN REGULAR SALARIES 52,243 312,180 328,950 (16,770) 657,900 47%

920-01 ADMIN COMP TIME PAYOUT 0 1,056 3,800 (2,744) 7,600 14%

920-02 ADMIN HOLIDAY PAYOUT 30 857 2,450 (1,593) 4,900 17%

920-03 ADMIN VACATION PAYOUT 0 0 2,500 (2,500) 5,000 0%

920-04 ADMIN CERTIFICATION PAY 0 0 0 0 0 0%

920-30 COMMISSIONERS SALARIES 1,482 11,154 14,000 (2,846) 28,000 40%

921-00 ADMINISTRATIVE SUPPLIES 1,208 11,834 11,500 334 23,000 51%

921-02 ELECTION COSTS 0 0 12,500 (12,500) 25,000 0%

921-03 COMPUTER MAINTENANCE EXPENSE 5,541 17,691 30,000 (12,309) 60,000 29%

921-04 OFFICE FURNITURE & EQUIPMENT 2,206 6,603 6,000 603 12,000 55%

921-05 ADV/PROMOTION/PUBLIC EDUC 4,075 4,395 1,000 3,395 2,000 220%

921-06 ADMIN COMPUTER SOFTWARE MAINT 2,611 10,880 9,975 905 19,950 55%

921-10 ADMIN VEHICLE EXPENSE 40 145 1,250 (1,105) 2,500 6%

921-12 ADMIN CONF/TRAVEL/MILAGE/MEALS 1,215 3,923 11,500 (7,577) 23,000 17%

921-16 DUES CERTS & SUBSCRIPTIONS 304 4,124 17,000 (12,876) 34,000 12%

921-20 ADMIN TRAINING/SCHOOLING 386 1,837 2,500 (663) 5,000 37%

921-31 ADMIN SAFETY 0 744 1,250 (506) 2,500 30%

926-00 ADMIN L&I PR TAX (667) 442 1,600 (1,158) 3,200 14%

926-10 ADMIN WA SL PR TAX 135 820 0 820 0 0%

926-30 ADMIN MEDICAL INSURANCE 12,874 78,402 92,800 (14,398) 185,600 42%

926-40 ADMIN PERS 6,703 40,188 41,650 (1,462) 83,300 48%

930-00 MISC GENERAL EXPENSE 53 56 25 31 50 112%

930-30 DIST TELEPHONE VBC 787 4,734 5,100 (366) 10,200 46%

930-34 ADMIN CELLULAR PHONE 58 349 378 (29) 756 46%

931-00 OFFICE RENT 0 0 0 0 0 0%

932-00 VBC FACILITY MAINTENANCE 1,008 7,016 12,500 (5,484) 25,000 28%

933-00 CASH OVER AND SHORT 0 (20) 0 (20) 0 0%

104,775 596,824 691,080 (94,256) 1,382,160 43%

Business Taxes & Insurance

508-00 EXCISE TAX 33,806 169,892 150,000 19,892 300,000 57%

508-30 PROPERTY & DIKING TAX 0 5,399 7,000 (1,601) 14,000 39%

508-40 OPERATING LICENSES & PERMITS 0 16,437 18,000 (1,563) 36,000 46%

924-00 DIST PROPERTY INSURANCE 15,239 91,434 94,000 (2,566) 188,000 49%

49,045 283,161 269,000 14,161 538,000 53%

Advisor Expenses

923-11 STATE AUDITOR 0 0 10,000 (10,000) 20,000 0%

923-12 CPA 0 0 5,000 (5,000) 10,000 0%

923-13 HUMAN RESOURCES 0 2,735 2,500 235 5,000 55%

923-14 FINANCIAL 0 0 0 0 0 0%

923-20 LEGAL 14,326 42,906 35,500 7,406 71,000 60%

923-30 ENGINEERS 6,335 17,543 23,400 (5,857) 46,800 37%

923-40 OUTSIDE HELP 0 356 1,500 (1,144) 3,000 12%

20,660 63,540 77,900 (14,360) 155,800 41%

Lake Stevens Sewer District - Maintenance & Operations Current Year Over (Under) Budget

Periods: January through June

Administration Expenses Total:

Taxes & Insurance Total:

Advisor Expenses Total:

Page 9 of 13

DRAFT






Field Maintenance & Collections

508-12 FIELD MEDICARE PR TAX 993 6,087 6,900 (813) 13,800 44%

508-13 FIELD FICA PR TAX 4,245 25,922 30,850 (4,928) 61,700 42%

613-00 DIST MAINTENANCE OF LINES 0 11,103 20,000 (8,897) 40,000 28%

613-02 DIST MANHOLE ADJUSTMENTS 0 130 3,500 (3,370) 7,000 2%

623-00 DIST UTILITIES OTHER LS 4,305 28,489 29,217 (728) 58,433 49%

623-01 DIST UTILITIES LS 5 371 2,690 3,308 (617) 6,615 41%

623-03 DIST UTILITIES LS 12 1,166 7,864 11,273 (3,409) 22,546 35%

623-04 CITY UTILITIES OTHER LS 923 6,077 6,615 (538) 13,230 46%

623-06 DIST UTILITIES LS 15 2,327 16,146 19,845 (3,699) 39,690 41%

623-07 CITY UTILITIES LS 1 1,017 7,763 8,269 (506) 16,538 47%

623-08 CITY UTILITIES LS 8 1,429 11,444 12,128 (684) 24,255 47%

623-09 DIST UTILITIES LS 17 724 4,338 4,962 (624) 9,923 44%

623-10 DIST UTILITIES FIELD MNT BLDG 375 5,456 7,718 (2,261) 15,435 35%

626-00 DIST OTHER LS MAINTENANCE 2,081 7,409 10,000 (2,591) 20,000 37%

626-01 DIST LS 5 MAINTENANCE 0 97 750 (653) 1,500 6%

626-02 DIST LS 12 MAINTENANCE 994 1,570 4,500 (2,930) 9,000 17%

626-03 DIST LS 15 MAINTENANCE 812 1,408 2,500 (1,092) 5,000 28%

626-04 CITY OTHER LS MAINTENANCE 706 1,916 6,250 (4,334) 12,500 15%

626-05 CITY LS 1 MAINTENANCE 114 576 3,750 (3,174) 7,500 8%

626-06 CITY LS 8 MAINTENANCE 0 133 3,750 (3,617) 7,500 2%

626-07 DIST LS 17 MAINTENANCE 0 89 3,000 (2,911) 6,000 1%

626-10 FIELD BLDG MAINTENANCE 416 1,134 1,500 (366) 3,000 38%

640-00 FIELD REGULAR SALARIES 59,128 374,444 438,650 (64,206) 877,300 43%

640-01 FIELD COMP TIME PAYOUT 7,941 29,870 33,100 (3,230) 66,200 45%

640-02 FIELD HOLIDAY PAYOUT 30 336 2,600 (2,264) 5,200 6%

640-03 FIELD VACATION PAYOUT 0 0 0 0 0 0%

640-04 FIELD CERTIFICATION PAY 1,550 10,300 10,200 100 20,400 50%

641-05 ODOR CONTROL 1,131 9,725 20,000 (10,275) 40,000 24%

643-00 MAINT/COLL TOOLS & SUPPLIES 1,626 9,349 11,500 (2,151) 23,000 41%

921-07 FIELD ADMIN SUPPLIES & EQUIP 351 721 2,500 (1,779) 5,000 14%

921-08 FIELD COMPUTER SOFTWARE MAINT 0 11,863 8,500 3,363 17,000 70%

921-09 FIELD VEHICLE EQUIPMENT 1,263 7,713 9,750 (2,037) 19,500 0%

921-11 FIELD VEHICLE EXPENSE 1,234 12,132 12,500 (368) 25,000 49%

921-13 FIELD CONF/TRAVEL/MILAGE/MEALS 18 878 2,750 (1,872) 5,500 16%

921-21 FIELD TRAINING/SCHOOLING 6,198 6,207 7,500 (1,293) 15,000 41%

921-30 FIELD SAFETY 496 4,395 8,500 (4,105) 17,000 26%

926-01 FIELD L&I PR TAX (5,475) 2,924 14,450 (11,526) 28,900 10%

926-11 FIELD WA SL PR TAX 173 1,046 0 1,046 0 0%

926-31 FIELD MEDICAL INSURANCE 14,935 97,700 150,000 (52,300) 300,000 33%

926-42 FIELD PERS 8,804 53,195 62,900 (9,705) 125,800 42%

930-10 DIST TELEPHONE FIELD MNT BLDG 259 1,555 1,750 (195) 3,499 44%

930-38 FIELD CELLULAR PHONE 736 4,301 3,859 442 7,718 56%

931-10 FACILITY RENT PUD BUILDING 2,978 17,949 19,818 (1,869) 39,635 45%

126,376 804,440 1,021,409 (216,968) 2,042,817 39%Field Maintenance & Collections Total:

Page 10 of 13

DRAFT






Plant Maintenance & Operation

508-14 PLANT MEDICARE PR TAX 862 5,451 5,900 (449) 11,800 46%

508-15 PLANT FICA PR TAX 3,685 23,309 26,250 (2,941) 52,500 44%

623-02 UTILITIES OLD TREATMENT PLANT 558 3,354 3,750 (396) 7,500 45%

640-50 PLANT REGULAR SALARIES 54,224 327,067 359,550 (32,483) 719,100 45%

640-51 PLANT COMP TIME PAYOUT 4,338 35,186 36,150 (964) 72,300 49%

640-52 PLANT HOLIDAY PAYOUT 30 3,012 4,000 (988) 8,000 38%

640-53 PLANT VACATION PAYOUT 0 4,892 3,900 992 7,800 63%

640-54 PLANT CERTIFICATION PAY 1,200 7,200 8,100 (900) 16,200 44%

641-00 CHEMICALS OLD PLANT 0 0 0 0 0 0%

652-00 MAINTENANCE OLD PLANT 0 0 1,050 (1,050) 2,100 0%

801-01 PLANT ELECTRICITY 32,396 211,615 260,190 (48,575) 520,380 41%

801-02 PLANT NATURAL GAS 469 7,112 9,975 (2,863) 19,950 36%

801-03 PLANT WATER 403 2,283 1,158 1,126 2,315 99%

801-04 PLANT GARBAGE 497 3,288 4,139 (851) 8,278 40%

802-01 POLYMERS 9,827 36,014 40,000 (3,986) 80,000 45%

802-02 SODIUM HYDROXIDE 17,764 60,159 85,000 (24,841) 170,000 35%

802-03 SODIUM HYPOCHLORITE 3,517 17,098 15,000 2,098 30,000 57%

802-04 CITRIC ACID 0 12,889 6,750 6,139 13,500 95%

803-01 BIOSOLIDS HAULING/DISPOSAL 10,747 53,306 60,000 (6,694) 120,000 44%

803-02 BIOSOLIDS ANALYSIS 0 1,528 1,800 (272) 3,600 42%

804-01 MAJOR EQUIPMENT 423 2,540 7,800 (5,260) 15,600 16%

804-02 PLANT MAINT & OPER SUPPLIES 2,850 16,018 35,000 (18,982) 70,000 23%

805-02 PLANT TELEPHONE 434 2,243 3,062 (818) 6,123 37%

805-03 PLANT INTERNET 292 1,974 1,838 137 3,675 54%

805-04 PLANT TELEMETRY 292 1,779 1,838 (59) 3,675 48%

805-05 PLANT CELLULAR PHONE 440 1,339 1,470 (131) 2,940 46%

806-01 ER PORTAL SOFTWARE SUPPORT 0 4,482 1,850 2,632 3,700 121%

806-02 LEVERAGE SN SOFTWARE SUPPORT 0 0 4,500 (767) 9,000 0%

806-03 JMP SAD Software 0 0 0 0 0 0%

806-04 WIN 911 ALARM SOFTWARE SUPPORT 0 495 248 248 495 100%

806-05 RS VIEW HMI SOFTWARE SUPPORT 0 0 0 0 0 0%

806-06 ZENON 24/7 SOFTWARE SUPPORT 0 1,200 2,685 (1,485) 5,370 22%

807-01 MILLIPORE (LAB DI WTR SYSTEM) 0 2,476 3,750 (1,274) 7,500 33%

807-02 REAL CHEM (WTR HEATING SYSTEM) 0 0 750 (750) 1,500 0%

807-03 CINTAS 0 0 0 0 0 0%

807-04 JANITORIAL 0 28 500 (472) 1,000 0%

807-05 OTHER SERVICES 845 6,270 9,000 (2,730) 18,000 35%

808-01 LABORATORY SUPPLIES 1,627 9,963 14,000 (4,037) 28,000 36%

808-02 LABORATORY QA/QC SAMPLES 0 746 800 (54) 1,600 47%

808-03 LABORATORY ACCREDITATION 0 215 700 (485) 1,400 15%

808-04 LABORATORY OUTSIDE ANALYSIS 0 286 4,000 (3,714) 8,000 4%

809-01 PLANT SAFETY 292 2,126 3,500 (1,374) 7,000 30%

809-02 PLANT CONF/TRAVEL/MILAGE/MEALS 0 13 1,500 (1,487) 3,000 0%

809-03 PLANT TRAINING & SCHOOLING 500 569 1,500 (931) 3,000 19%

809-04 PLANT OTHER ADMIN SUPPLIES 526 799 750 49 1,500 53%

809-05 PLANT VEHICLE EXPENSE 86 1,229 1,250 (21) 2,500 49%

926-02 PLANT L&I PR TAX (4,552) 2,623 11,000 (8,377) 22,000 12%

926-12 PLANT WA SL PR TAX 151 951 0 951 0 0%

926-32 PLANT MEDICAL INSURANCE 13,131 81,638 116,500 (34,862) 233,000 35%

926-43 PLANT PERS 7,668 47,319 52,850 (5,531) 105,700 45%

165,522 1,004,085 1,215,301 (211,215) 2,430,601 41%

Other Rate Expenses

508-42 CITY OPERATING FEE 1,250 7,500 7,500 0 15,000 50%

1,250 7,500 7,500 0 15,000 50%

467,629 2,759,551 3,282,189 (522,638) 6,564,378 42%

Plant Maintenance &Operations Total:

Other Rate Expenses Total:

Grand Totals:

Page 11 of 13

DRAFT

Project

GL

Acct Budget

Project

Transfers

Spent to

Date

Remaining

Funds

LS 1 Decommissioning 10700 93,684.00 10,293.70 83,390.30

VBC Parking Lot 10700 33,915.00 4,615.16 29,299.84

Service Truck 10700 138,688.44 138,688.44 0.00

Box Truck 10700 38,683.00 39,418.18 (735.18)

Lagoon Biosolids Removal 10700 136,027.40 37,671.40 98,356.00

SE Regional Lift Station 10700 189,475.00 106,642.21 82,832.79

Vactor/Decant Facility 10700 14,580.00 14,580.00 0.00

Mixing Study 10700 37,420.00 34,637.86 2,782.14

SR204 SR9 Intersection 10700 56,518.19 661.53 55,856.66

SR204 SR9 Realignment 10700 6,761.81 6,761.81 0.00

Frontier Village Emerg Line

Rep10700 125,270.00 108,621.38 16,648.62

Biofilter Media Replacement 10700 46,756.56 46,835.75 (79.19)

Repair & Replacement 10700 100,000.00 737,132.07 0.00 837,132.07

City of Lake Stevens

Downtown Plan - Pre Design

of LS 2C

10711 40,000.00 26,773.39 13,226.61

Comp Plan Amendment 10721 99,401.33 62,411.07 36,990.26

GIS Maintanance Management 10727 14,252.87 0.00 14,252.87

City Works 10727 128,000.00 27,943.00 100,057.00

VBC Structural Repairs 10800 300,000.00 11,837.83 288,162.17

1,485,779.40 850,786.27 678,392.71 1,658,172.96

CAPITAL PROJECT BUDGET TO ACTUAL SUMMARY

FUND 58

Through June

Page 12 of 13

DRAFT

LSSD - History, Budget, Forecast w/WaterfallR1 6/30/2019

Mar Jun Update Sep Dec

Actual Actual Actual Actual Budget Forecast Forecast Forecast Forecast Early Look

OPERATIONAL SUMMARY 2015 2016 2017 2018 2019 2019 2019 2019 2019 2020 Management Comments:

ERU's 12069 12438 12733 13115 13105 13075 13118 13210 13272 13325

Residential 11237 11612 11878 12230 12230 12230 12270 12310 12350 12425

Commercial/Schools 832 826 855 885 875 845 848 900 922 900

Rates 80.00 83.00 86.00 86.00 86.00 86.00 86.00 86.00 86.00 90.00

Start of Year Operating Cash 5,354,743 4,412,274 3,092,283 3,108,490 3,046,424 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000

Total Operating Revenues 11,866,115 12,731,317 13,341,053 13,709,815 13,596,985 13,493,400 13,537,776 13,632,720 13,696,704 14,436,797

Total Operating Interest 119,200 112,468 160,833 280,711 91,402 230,357 255,357 275,357 295,357 225,000

Total O&M Expense 4,697,240 5,009,470 5,312,863 5,323,924 6,564,376 5,539,564 5,574,565 5,574,565 5,574,565 6,445,000

Plant Operating 900,613 959,162 947,273 960,639 1,182,201 913,067 923,067 923,067 923,067 1,150,000

Plant Salaries & Benefits 931,321 944,021 978,023 958,940 1,248,400 1,032,171 1,057,171 1,057,171 1,057,171 1,200,000

Field Operating 409,942 422,399 441,776 439,170 543,515 455,859 455,859 455,859 455,859 550,000

Field Salaries & Benefits 646,337 830,337 1,114,970 1,104,425 1,499,300 1,183,399 1,193,399 1,193,399 1,193,399 1,450,000

Admin Operating 237,995 229,513 281,370 292,239 352,960 384,473 374,473 374,473 374,473 360,000

Admin Salaries & Benefits 956,541 949,363 882,793 841,327 1,029,200 892,217 892,217 892,217 892,217 1,000,000

Taxes & Insurance 441,461 480,018 449,947 552,845 538,000 554,411 554,411 554,411 554,411 540,000

Advisors 95,989 119,658 181,711 159,339 155,800 108,969 108,969 108,969 108,969 180,000

Operating Fee to City 77,040 75,000 35,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000

Total Debt Payment 9,230,545 8,509,982 8,047,184 8,254,547 8,079,874 8,068,903 8,068,903 8,068,903 8,068,903 8,079,874

Debt Payment 9,230,545 9,154,306 8,691,162 8,889,010 8,699,780 8,674,612 8,674,612 8,674,612 8,674,612 8,699,780

BAB's Credit (644,323) (643,978) (634,463) (619,906) (605,709) (605,709) (605,709) (605,709) (619,906)

End of Year Operating Reserve 3,412,274 3,736,606 3,234,122 3,520,545 2,090,561 3,115,290 3,149,665 3,264,609 3,348,593 3,200,000

End of Year Total Debt 110,216,386 104,509,285 102,891,106 97,520,361 91,931,429 91,931,429 91,931,429 91,931,429 91,931,429 91,931,429

End of Year "Rate Stabalization" 9,378,784 8,378,784 8,378,784 8,378,784 8,378,784 8,378,784 8,378,784 8,378,784 8,378,784 8,378,784

CAPITAL SUMMARY

GFC's 174.3 367.57 123.67 384 130 130 194 214 234 130

GFC Rate 8,500 8,500 8,750 10,400 10,400 10,400 10,400 10,400 10,400 10,400

Start of Year Capital Reserve 6,727,618 7,614,028 10,285,101 10,285,101 13,593,697 10,285,101 10,285,101 10,285,101 10,285,101 8,000,000

Capital Income 1,548,930 3,182,126 1,413,809 4,142,345 1,229,051 1,319,000 2,059,000 2,059,000 2,059,000 1,402,000

Connection Fees 1,520,960 3,133,156 1,069,944 3,389,214 1,170,000 1,209,000 1,849,000 1,849,000 1,849,000 1,352,000

Other 27,970 48,971 343,865 528,378 - 50,000 130,000 130,000 130,000 50,000

Capital Interest 224,753 59,051 60,000 80,000 80,000 80,000 50,000

Capital Expense 662,520 511,053 1,075,791 624,946 7,982,000 8,000,000 8,000,000 8,000,000 8,000,000 1,500,000 2019-Regional LS & City LS2 Upgrade

End of Year Capital Reserve 7,614,028 10,285,101 10,623,119 13,802,500 6,840,748 3,604,101 4,344,101 4,344,101 4,344,101 7,902,000

S:\ACCOUNTING\FINANCIAL STATEMENTS\2019\2019 F - History Budget Forecast WaterfallPage 13 of 13

DRAFT