FY 17 Annual Report

Business Type Activities Funds

2017

CITY OF SPENCER, IOWA

SANITARY SEWER FUND

FUND #620

FUND INFORMATION

The Sanitary Sewer Fund accounts for the business-like operations of the city's sewer utility. The sewer utility operates the city's wastewater treatment plant, the sanitary sewer collection system, the sanitary sewer lift stations, and the wastewater monitoring operations. The Sewer fund is primarily supported through user fees. Revenues for FY17 were significantly higher than FY16, an increase of $248,157.03 (+11.65%). The increase can be linked primarily to an increase in the large industrial users charges and transfers from the Landfill for the treatment of leachate. Operating expenditures decreased in FY17 versus FY16, a decrease of $124,966.28 (-1.83%) . Part of the decrease comes form an accounting change. Previously, several administrative positions salaries were paid directly form the Sewer Fund. In an effort to show the true costs of operating the Sewer Enterprise, those salaries are now treated as a transfer tot eh General Fund and are not considered operating expenses. The City contracts daily operations of the wastewater treatment plant to Veolia Water. They are responsible for the daily monitoring of the plant, testing, and maintenance. They are also responsible for monitoring and maintaining the city's lift stations. The other functions of the budget some smaller increases/decreases. Money transferred out of the Sewer Operations fund increased by $231,521.81, thus the reason for the overall increase. The Sewer Operations Fund unassigned balance on June 30, 201 was $575,545.81, a 8.02% increase from FY16. This amount represents 48.57% of the city's FY18 budgeted sewer expenditures. In all of the City's major funds, the City strives to have at least 25% of the coming fiscal year's expenditures in the fund as a unassigned fund balance.

CURRENT BUDGET

YEAR TO DATE

% OF

FY 2016 ACTUAL

ACTUAL

BUDGET

REVENUES

CHARGES FOR SVCS USE OF MONEY FARM INCOME MISCELLANEOUS OTHER FINANCING UNAPPLIED CREDIT

1,947,997.00

2,163,353.82 11,078.18 36,000.00 62,140.10 105,329.40

111.06 276.95 102.86

2,040,514.91

7,431.55 15,000.00 5,083.02 61,714.99

4,000.00 35,000.00 1,500.00 40,000.00

4,142.67

263.32

- 2,129,744.47

-

-

TOTAL REVENUES

2,028,497.00

2,377,901.50

117.22

EXPENDITURES SALARIES & WAGES EMPLOYEE BENEFITS REPAIRS, MAINT, UTIL CONTRACTUAL SVCS

235,456.11 37,059.12 42,737.63 909,382.25 9,783.98 859,387.50 2,093,806.59

87,510.00 14,509.00 80,300.00 913,335.00 30,000.00 271,925.75

73,062.52 11,668.81 55,511.27 916,203.44 22,615.68 1,256,092.00

83.49 80.42 69.13

100.31

COMMODITIES TRANSFERS

75.39

461.92

1,397,579.75

2,335,153.72

167.09

TOTAL EXPENDITURES

BUSINESS TYPE ACTIVITIES