Posts by the Treasurer and others of periodic financial information, such as monthly reports
Nice to have a cool, rainy afternoon to produce the quarterly report! No surprises but with Operations income a bit lighter than budgeted vs slightly higher costs, we will be closer to break-even than planned and may need to reduce our transfer to the Replacements Fund to $40,000, instead of …
At the January 2023 Board meeting, the Directors approved a motion to increase the Association’s Membership Fee. This fee (at times referred to as the “Share Price”) was raised to $10,000 in 2003. In the ensuing 20 years, property values in greater Dockton increased by more than 150%, based on …
We are about where we’d expect to be halfway through the year. Comments below correspond to numbered items in the Funds Report. COMMENTS: — #1: beginning balance in Operations Fund is lower than budget primarily due to an additional billing for the Small Water System Management Plan booked at the …
No big surprises in Q1. We are starting to see the impact of the rate change (increased revenue vs prior year). See superscript numbers and related comments below for more insights. COMMENTS: — #1: beginning balance in Operations Fund is lower than budget primarily due to an additional billing for …
Here’s the final summary (and links to the detail account reports) for Fiscal Year 2022. (Next report will be FYQ1 2023, to be published in October). COMMENTS: — Good year, financially. — Our changes to billing rates added a bit more Operations income than budgeted. — Staffing costs were …
For reference during the Annual Meeting, today, I am publishing the Proposed Budget with a new, revised Estimate of our End-Of-Year financial results. In Operations, we will book slightly less revenue than anticipated (wet spring) and also have managed to have lower expenses. Result is slightly more surplus for the …
At its April meeting, the Board approved the 2023 Operating and Capital budgets to recommend to shareholders at the annual meeting, in June. You can find the summary and detail budgets, here. Also during the April meeting, the board decided to modify the finacial reporting schedule. Beginning immediately, the Treasurer …
During the annual budgeting cycle we forecast for how we are likely to finish the year, financially — if there are no surprises. Starting this month I will include this Forecast in the monthly summary. The Current Forecast is based on YTD actuals through March plus estimates for April, May …
High income — for mid-winter — reflects rate change but also very high reported usage billing, which we will investigate. (Double prior year?!) System Operations are high due to a large repair (in January) and some shop parts. Taxes are low just due to timing. Otherwise, cash flows are normal, …