File #:
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19-986
Version:
1
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Type:
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Report
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Status:
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Agenda Ready
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On agenda:
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10/17/2019
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Final action:
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Title:
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Receive the Water Utilities YTD Financial Summary as of September 30, 2019
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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 |
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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.
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