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SUBJECT: FINANCIAL STATEMENTS FOR PERIOD ENDING APRIL 30, 2017 <br />DATE: MAY 15, 2017 <br />PAGE2OF2 <br />Wastewater Utility Fund: <br />Through April 30th, expenditures exceed revenues by $2,864,746. Total revenue is <br />25.4% of the annual budget and expenses are 46.9%. New rates and recalculated <br />average winter consumption will take effect May 1, 2016 for June billing. The <br />Wastewater plant is complete but there are associated expenses that will be paid in <br />May. <br />Golf Course Fund: <br />Through April 30th, expenditures exceed revenues by $18,683. Total revenue is 18.2% <br />of the annual budget and expenses are 18.9%. The Golf Course revenue is $54K over <br />last year during the same period. <br />FINANCE COMMITTEE COMMUNICATION <br />9 <br />