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LOWER RUM RIVER WATER MANAGEMENT ORGANIZATION
<br />STATEMENTS OF REVEIVU~S, EXPEIVDITURES AND CHANGES IN
<br />NET ASSETS - BUDGET AND ACTUAL
<br />YEAR ENDED JANUARY 31, 1997
<br />(WITH COMPARATIVE ACTUAL AMOUNT'S FOR THE YEAR ENDED JANUARY 31, 1996)
<br /> 1997
<br /> VARL9NCE-
<br /> FIIQAL FAVORABLE 1996
<br /> BUDGET ACTUAL (UNFAVORABLE) ACTUAL
<br />Revenues:
<br />Assessments from
<br />participating cities (Note 3) $ 14,600 $ 14,600 $ 24,300
<br />Permits (Note 3):
<br />Service fees 500 750 $ 250 1,150
<br />Engineeringfees 4,500 5,119 619 8,629
<br />Grants (Note 3):
<br />Second Generarion 15,600 15,600
<br />Wetland Conseroation 2,310 2,310 2,267
<br />Challenge 5,200
<br />Interest 2,905 2,905 2,819
<br />
<br />Total revenues 35,200 41,284 6,084 44,365
<br />Expenditures:
<br />Engineering fees:
<br />Plan review 10,000 9,454 546 18,955
<br />Permits 5,000 5,119 (119) 8,772
<br />Administrative 5,300 324 4,976 1,306
<br />Legal and professional fees 3,800 1,132 2,668 2,221
<br />Insurance 2,500 1,841 659 2,052
<br />Secretarial services and supplies 4,000 3,660 340 3,562
<br />Other 1,100 724 376 660
<br />
<br />Total expenditures 31,700 22,254 9,446 37,528
<br />
<br />Excess of revenues
<br />overexpenditures $ 3,500 19,030 $ 15,530 6,837
<br />
<br />Net assets, beginning of year 33,767 26,930
<br />
<br />Net assets, end of year $ 52,797 $ 33,'I67
<br />See accompanying notes.
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