File #: 19-986    Version: 1
Type: Report Status: Agenda Ready
File created: 10/9/2019 In control: Public Utilities Advisory Board
On agenda: 10/17/2019 Final action:
Title: Receive the Water Utilities YTD Financial Summary as of September 30, 2019
Attachments: 1. 2019 YTD Water CIP Budget Expenditures & Encumbrances_JS (10-3-19), 2. September 2019 Financials- PUAB Water Packet
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PUBLIC UTILITIES ADVISORY BOARD AGENDA ITEM

 

ACTION REQUESTED:
title

Receive the Water Utilities YTD Financial Summary as of September 30, 2019

body

 

DEPARTMENT:                     Water Utilities

 

SUBMITTED BY:                     Darrell Blenniss Jr.

 

The month of September represents 75% of the elapsed budget year. Detailed report attached.

 

Item

2019 Budget

2019 YTD

% of Budget

Revenues

$65,118,331

$43,939,860

67.48%

Expenditures

$62,396,149

$36,041,530

57.76%

Surplus/(Deficit)

$2,722,182

$7,898,330

 

 

Revenue

2019 Budget

2019 YTD

% of Budget

Charges for Services

$64,191,127

$43,544,778

67.84%

Fines, Fees and Surcharges

$381,977

$290,685

76.10%

Other Revenue

$417,879

$70,847

16.95%

Outside Revenue Sources

$127,348

$33,550

26.35%

 

Items of Significance (Revenues):

Wetter and cooler than expected months over the spring and summer have produced revenues below targets.

 

Expenditure

2019 Budget

2019 YTD

% of Budget

Personnel Expenditures

$11,005,228

$8,138,610

73.95%

Purchased Services

$2,811,926

$1,850,633

65.81%

Purchased Items*

$31,914,391

$19,711,314

61.76%

Capital Outlay

$12,457,500

$4,894,412

39.29%

Debt Service

$2,688,897

$425,991

15.84%

Other**

$1,518,208

$1,020,570

67.22%

*   Includes purchased water from DuPage Water Commission

** Includes interfund transfers and chargebacks

 

Items of Significance (Expenditures):

Lower water demand from customers also translates into a reduction in purchased water from the DuPage Water Commission.

 

Items of Significance (Capital Projects):

Permit received from the DuPage County Stormwater Department for the Riverbank Stabilization Project. Agreements with the Forest Preserve and adjacent property owners are in development for the project.