CAFR 2016

Schedule 48 Page 1 of 2

Water Resources Fund Schedule of Revenues and Expenses Budget and Actual (Non-GAAP) For the Fiscal Year Ended June 30, 2016

Variance Positive (Negative)

Final

Budget

Actual

Operating Revenues:

Charges for Current Services Other Operating Revenues

105,597,104 $

104,611,382 $

$

(985,722) 292,073 817,916 124,267

1,328,519

1,620,592

Other Operating Revenues - Capital Reserve Fund

817,916

Total Operating Revenues

106,925,623

107,049,890

Operating Expenses: Personal Services

14,965,717 6,383,090 10,486,341 38,583,651 1,152,022 71,570,821

14,621,568 6,051,254 6,264,353 31,233,722

344,149 331,836

Fringe Benefits

Maintenance and Repairs

4,221,988 7,349,929

Operations

Capital Outlay

572,858

579,164

Total Operating Expenses

58,743,755

12,827,066

Operating Income

35,354,802

48,306,135

12,951,333

Nonoperating Revenues: Investment Income

471,000

616,242 420,332

145,242 420,332 284,123 849,697

Investment Income - Capital Reserve Fund

Net Increase (Decrease) in the Fair Value of Investments

284,123

Total Investment Income

471,000

1,320,697

Refunds and Recoveries

200,000 40,000 711,000

210,989 38,011

10,989 (1,989)

Miscellaneous Nonoperating Revenue

Total Nonoperating Revenues

1,569,697

858,697

Nonoperating Expenses: Principal Maturities

14,468,112 12,643,223 1,300,600 28,411,935

12,724,404 7,552,448

1,743,708 5,090,775

Interest Expense

Miscellaneous Nonoperating Expense

739,261

561,339

Total Nonoperating Expenses

21,016,113

7,395,822

Excess of Revenues Over Expenses Before Contributions and Other Financing Uses

7,653,867

28,859,719

21,205,852

Capital Contributions

4,051,593

4,051,593

Other Financing Sources (Uses): Debt Issuances: Revenue Bonds Issued - Refunding

28,400,000 2,000,000 (30,000,000) (1,025,000) (835,717) (25,765,464) (26,740,784) 485,397

29,310,000 1,086,964 (30,000,000) (1,025,000) (835,717) (25,765,464) (26,743,820) 485,397

910,000 (913,036)

Premium - Refunding Revenue Bonds

Payment to Escrow Agent for Refunding of Debt

Transfers In

Transfers Out - General Capital Improvement Fund Transfers Out - Water Resources Extension Fund Project Transfers Out - Capital Improvement Fund Total Other Financing Sources (Uses) Excess of Revenues, Other Financing Sources and Contributions Over (Under) Expenses and Other Financing (Uses)

(3,036)

(19,086,917)

6,167,492

25,254,409

Appropriated Fund Balance

19,086,917

(19,086,917)

Excess of Revenues and Contributions Over Expenses and Other Financing (Uses)

$

$

6,167,492

$

6,167,492

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