Posts by the Treasurer and others of periodic financial information, such as monthly reports
At 3 months, any “straightline” costs/income would be at 25% of annual budget. Based on this you can see that Income is a running a bit ahead at 30% (as expected with summer months). Staffing costs are inline. Business Ops a bit high (legal fees), System Ops a bit low …
No big news in the numbers, this past month. We are “running positive” (as expected during the summer months) as our total Fund Balance (see top of column at right) has increased from $278k to $293k. This is good, as we’ll “burn cash” through the winter. In Operations, you’ll see …
With July, we start a new fiscal year. The Beginning Balance of each Fund as shown in the YTD “Actual” column is the book balance reported at the end of last fiscal year (30 June 2021). The Beginning Balance in the Budget column is the balance we forecasted when we …
Well, we’ve finished the big year of building the Filtration Plant in pretty good shape, all in all. We budgeted to end the year with $230k in reserves. In March, I forecasted we might end with $303k. We actually ended the year with over $330k! Along the way you’ll see …
More of the same. We continue to bill less water usage than last year. We are now right in line with budget, no longer slightly ahead. Our billing structure, which shifted a bit more towards water usage, should generate higher income through the summer. (Getting us ahead before the long …
We have $30k more in our Operations Fund than budgeted for end of year. This should increase a bit further in the next couple months. Primary reason is that we have not paid a franchise fee to KingCo (budgeted $12k) and most of the consulting fee for the Small Water …
Good revenue in March. Income is still slightly ahead of a straight line budget. Biz Ops costs will finish a bit over budget, biggest remaining variable is ongoing legal fees for KingCo Franchise case. Sys Ops is running very nicely under budget. Costs will increase as we get bills for …
No surprises in February. We are 67% through the Fiscal Year and Income and Staffing Costs are on target. Biz Ops was high in Feb due to Legal Fees for the RoW challenge and Dave’s professional training costs. We also loaded up our Postage account and made a necessary postage …
Very low Operations costs in January resulted in a very “profitable” month. (This is important as most of our upcoming months will be at a loss — so it’s nice to be a bit ahead.) Last January we booked a number of large expenses (Legal, Accounting, Insurance) which we have …
Comparing Dec ’20 to Dec ’19 you’ll see that Biz Ops is high — this is due to an additional insurance payment and legal fees (related to KingCo Right of Way) paid in December. Also, we topped up our postage machine with $500. Otherwise, costs were very consistent. You can …