|The FY11 budget has the water and sewer budgeted revenues at $30,000 with a subsidy from the electric utility in the amount of $15,000. The total budgeted revenues with the subsidy are $45,000. The budgeted expenditures for the water and sewer totals $43,672 with a remaining balance of $1,328.
The utility manager is the primary utility operator and is also the mayor. The manager provides a verbal report to the council in addition to a financial statement in a separate agenda line item.
The water and wastewater utility electric bills are issued for the pumphouse and checks for payment are issued from the city to the city water utility.
The city received fuel from Crowley on October 24, 2010 to cover until the spring order of fuel.
The utility has an Repair and replacement (R and R) account, but funds are not listed in a line item on the utility expenditures.
The YTD revenues for the utility are subsided by the electric utility in the amount of $15,000.
The YTD expenditures for the utility are equal to those budgeted as stated in the monthly financial report.
Budget amendments are utilized when needed.|