Laserfiche WebLink
realized. Although annual renewals of business licenses are due January 31st, some <br />additional revenue is collected in the third and forth quarters of the fiscal year. <br />Enterprise Funds <br />Water Operating Fund '•~~ <br />The Water Operating Fund is at 58.4% of budgeted revenues collected and 55.4% of <br />expenditures. Not all revenues will be realized by end of fiscal year because revenues <br />earned in the last bi-monthly billing for May and June are not received until July. The <br />results of operations are expected to produce a small, but positive, cash flow increasing <br />fund balance. <br />Sewer Operating Fund <br />The Sewer Operating Fund is at 66.9% of budgeted revenues collected and 54.9% of <br />expenses. Not all revenues will be realized by the end of the fiscal year because <br />revenues earned in the last bi-monthly billing for May and June are not received until <br />July. In addition, the is also a lag between the time revenue is received and the when <br />payment is made to DSRSD for treatment expense reimbursement. This fund continues <br />to draw down fund balance reserves to finance ongoing operating and capital needs, <br />although these amendments will slightly reduce the amount of that draw. This <br />highlights the need for the current effort to develop a water user rate model which will <br />identify existing and future operating and capital needs and any rate adjustments that <br />may be necessary to finance them. <br />.¢. Good. Positive Indicator ~ Caution. Unsettled Indicator ~ Problem. Negative Indicator <br />