Complete Document - City of Auburn

City of AuburnOverview of Sewer Fund OperationsBiennial Budget - FY 03 & FY 04Audited Unaudited Approved ApprovedActual Actual Budget BudgetFY 01 FY 02 FY 03 FY 04Revenues $ 4,562,913 $ 4,943,156 $ 4,526,500 $ 4,754,600Other financing sources - 24,773 100,000 -Capital contributions** 504,310 788,275 - -Total revenues and other sources 5,067,223 5,756,204 4,626,500 4,754,600Expenses* 4,611,750 4,426,180 4,742,813 4,837,736Other financing uses 71,250 71,250 111,910 113,182Total expenses and other uses 4,683,000 4,497,430 4,854,723 4,950,918Excess (deficit) of revenues andother sources over expensesand transfers 384,223 1,258,774 (228,223) (196,318)Beginning fund equity 447,746 867,172 2,125,946 1,897,723Prior period adjustments 27,494Residual equity transfer in 7,709Ending fund equity^ $ 867,172 $ 2,125,946 $ 1,897,723 $ 1,701,405Depreciation expense (non-cash) $ 328,949 $ 692,000 $ 692,000 $ 692,000$12,000,000Sewer Fund Revenue and Expense Trends$10,000,000$8,000,000$6,000,000$4,000,000$2,000,000$-$4,683,000$4,497,430$4,854,723$5,067,223 $5,756,204$4,626,500$4,950,918$4,754,600FY 01 FY 02 FY 03 FY 04Revenues and Other Sources Expenses and Other Uses* Expenses include depreciation, which is a non-cash expense.** Capital contributions by developers are not budgeted since they are a non-cash item.^ Ending fund equity amounts for FY 02, FY 03 and FY 04 are projected amounts.235