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UTILITY FUND
<br />REVENUES & EXPENDITURES
<br />STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES
<br />FOR THE FIFTH MONTH ENDED FEBRUARY 28, 2022 WITH COMPARATIVE DATA FOR THE PRIOR YEAR
<br />41.67% OF YEAR LAPSED
<br />Current YearPrior Year
<br />ActualPercent ofActualPercent of
<br />BudgetYear to DateVariance BudgetBudgetYear to DateBudget
<br />Operating Revenues:
<br />User fees$ 8,251,000 $ 2,972,073 $ (5,278,927)36.02%$ 8,233,050 $ 3,080,683 37.42%
<br />Operating expenses:
<br />Personal services3,792,745 1,519,844 2,272,901 40.07%3,636,076 1,375,364 37.83%
<br />Supplies278,897 103,193 175,704 37.00%207,000 81,634 39.44%
<br />Other services and charges3,893,425 1,711,807 2,181,618 43.97%6,130,149 1,192,642 19.46%
<br />Total operating expenses7,965,067 3,334,844 4,630,223 41.87%9,973,225 2,649,640 26.57%
<br />Operating income285,933 (362,771)(648,704)(1,740,175)431,043
<br />Nonoperating revenues (expenses):
<br />Miscellaneous revenue------0.00%
<br />Interest income5,000 2,391 (2,609)47.83%41,250 4,673 11.33%
<br />Income before contributions and transfers290,933 (360,380)(651,312)(1,698,925)435,716
<br />Transfers in----1,500,000 125,000 8.33%
<br />Transfers out(1,464,201)(610,084)854,117 41.67%(724,201)(260,851)36.02%
<br />Change in net assets(1,173,268)(970,465)202,804 (923,126)299,864
<br />Net position -beginning of the year 31,978,162 31,978,162 -32,091,364 32,091,364
<br />Net position -end of the year$ 30,804,894 $ 31,007,697 $ 202,804 $ 31,168,238 $ 32,391,228
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