Finance Committee Agenda and Packet 2017 10 16

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SUBJECT: FINANCIAL STATEMENTS FOR PERIOD ENDING SEPTEMBER 30, 2017 DATE: OCTOBER 16, 2017 PAGE2OF2 Water Utility Fund: Through September 30th, revenues exceed expenditures by $5,031,518. Total revenue is 52.3% of the annual budget and expenses are 21.6%. User Charges are down 8% through September compared to last year as a percentage of the annual budget. Wastewater Utility Fund: Through September 30th, expenditures exceed revenues by $4,756,438. Total revenue is 77.3% of the annual budget and expenses are 61.8%. As you can see the Service line is just 37.4% of the annual budget. A main driver is the Northern Colorado Water maintenance and assessments coming in under budget for the year. Golf Course Fund: Through September 30th, revenues exceed expenditures by $230,268. Total revenue is 80.2% of the annual budget and expenses are 62.2%. Greens fee revenue is up while Annual passes are down compared to September 2016. The Golf Course bottom line has increased $78K compared to last year during the same period. However, $51 K of that increase is due to the fact that we have not charged for re -use water in 2017. FINANCE COMMITTEE COMMUNICATION 27