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City of Paris, Texas Schedule 17
<br /> Water and Sewer Fund
<br /> Combined Schedule of Revenues and Expenses - Budget and Actual
<br /> For the Fiscal Year Ended September 30, 2002
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<br /> Variance
<br /> Favorable
<br /> Budget Actual (Unfavorable)
<br />Operating Revenues:
<br /> Water Sales $ 6,208,250 $ 5,957,489 $( 250,761)
<br /> Water Taps 20,000 21,750 1,750
<br /> Sewer Charges 4~060,000 3,894,337 ( 165,663)
<br /> Industrial Surcharges 225,000 144,859 ( 80,141)
<br /> Sewer Taps 14,500 15,400 900
<br /> Sanitation Billing Fees 74,385 70,816 ( 3,569)
<br /> Service Charges 70,000 73,967 3,967
<br /> Miscellaneous Sales 71,985 50,015 ( 21,970)
<br /> Total Operating Revenues 10,744,120 10,228,633 ( 515,487)
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<br />Operating Expenses:
<br /> Warehouse 111,554 102,394 9,160
<br /> Water and Sewer Billing
<br /> D~nd Collecting 572,421 536,042 36,379
<br /> Water Production 2,293,561 1,738,076 555,485
<br /> Water Distribution 811,562 994,060 ( 182,498)
<br /> Sewer Maintenance 518,138 482,872 35,266
<br /> Waste Water Treatment 1,682,839 1,779,440 96,601)
<br /> Lift Stations 328,682 542,743 214,061)
<br /> Depreciation 2,218,284 2,218,284)
<br /> Total Operating Expenses 6,318,757 8,393,911 2,075,154)
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<br />Operating Income 4,425,363 1,834,722 2,590,641)
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<br />Non-Operating Revenues (Expenses):
<br /> Investment Earnings 160,000 406,074 246,074
<br /> Interest Expense - Revenue Bonds 1,796,410) 1,388,521) 407,889
<br /> Amortization 137,031) 137,031)
<br /> Bank Charges and Agent Fees 3,600) 2,095) 1,505
<br /> Contribution Income 219,162 219,162
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<br /> Net Non-Operating Revenues
<br /> (Expenses) 1,640,010) 902,411) 737,599
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<br />Income Before Operating Transfers 2,785,353 932,311 1,853,042)
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<br />Transfers:
<br /> Operating Transfers Out 1,100,000) 1,100,00q)
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<br />Net Income (Loss) $ 1,685,353 167,689) $( 1,853,042)
<br />Retained Earnings, September 30, 2001 11,039,560
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<br />Retained Earnings, September 30, 2002 $ 10,871,871
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<br /> 70
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