Special Board Meeting Packet - Three Valleys Municipal Water District

REVENUES
2010-2011 Annual 2010-2011 2010-2011
YTD Budget Percent Balance
Actual All Funds of Budget Remaining
OPERATING REVENUES
Water Sales 20,178,379 45,896,704 44.0% 25,718,325
MWD RTS Standby Charge 61,208 2,844,245 2.2% 2,783,037
MWD Capacity Charge Assessment 514,200 1,234,080 41.7% 719,880
TVMWD Fixed Charges 574,656 689,589 83.3% 114,933
Hydroelectric Revenue 108,171 400,000 27.0% 291,829
NON-OPERATING REVENUES
Subvention Revenue 109,589 1,600,000 6.8% 1,490,411
Bond Indebtedness Revenue 784,662 828,336 94.7% 43,674
Investment Income 180,688 469,000 38.5% 288,312
Notes Receivable - Principal 97,769 223,106 43.8% 125,337
Pumpback O&M/Reservoir #2 Reimbursement - 10,000 0.0% 10,000
Grants 3,096 - N/A (3,096)
Six Basins Administrative 39,744 106,183 37.4% 66,439
Other Revenue 79 - N/A (79)
TOTAL REVENUES 22,652,241 54,301,243 9.1% 31,649,002
EXPENSES
THREE VALLEYS MUNICIPAL WATER DISTRICT
DISTRICT BUDGET - FISCAL YEAR 2010-2011
Month Ending November 30, 2010
OPERATING EXPENSES
MWD Water Purchases 18,439,970 41,517,659 44.4% 23,077,689
MWD RTS Charge 1,332,499 2,844,245 46.8% 1,511,746
MWD Capacity Charge 617,040 1,234,080 50.0% 617,040
Miramar Treatment O & M 433,704 1,096,152 39.6% 662,448
Miramar Compensation & Benefits 459,161 1,180,831 38.9% 721,670
Hydroelectric Facilities 6,547 51,257 12.8% 44,710
Administrative Compensation & Benefits 676,191 1,804,782 37.5% 1,128,591
Internal/External Communication 108,591 318,200 34.1% 209,609
Directors Compensation & Benefits 91,588 310,298 29.5% 218,710
Office Supplies & Maintenance 71,200 165,950 42.9% 94,750
Planning & Resources 91,005 302,040 30.1% 211,035
Professional Services 83,088 191,696 43.3% 108,608
Dues, Subscriptions & Fees 47,725 74,291 64.2% 26,566
Insurance 48,834 54,975 88.8% 6,141
Chino Basin Resource Development - 54,000 0.0% 54,000
Training & Safety 14,646 53,200 27.5% 38,554
NON OPERATING EXPENSES
Principal/Interest Expense 1,965,403 2,215,458 88.7% 2,215,458
Bond Administration Fee - 2,200 0.0% 2,200
Six Basin Administrative 29,500 106,183 27.8% 98,983
Pumpback O&M/Reservoir #2 Expenses 5,482 10,000 54.8% 4,518
RESERVE REPLENISHMENT
Capital Investment Program Reserve - 1,225,394 0.0% 1,225,394
CAPITAL INVESTMENT
Asset Repair & Replacement 367,757 1,717,922 21.4% 1,716,754
TOTAL EXPENSES 24,889,931 56,530,813 8.3% 33,995,174
NET INCOME (LOSS) BEFORE TRANSFERS (2,237,690) (2,229,570) (4,467,260)
TRANSFER IN FROM OPERATING RESERVES - 100,000 100,000
TRANSFER IN FROM RATE STABILIZATION RESERVE - 699,734 699,734
TRANSFER IN FROM ENCUMBERED RESERVES - 1,430,613 1,430,613
NET INCOME (LOSS) AFTER TRANSFERS $ (2,237,690) $ 777
$ (2,236,913)
**This budget is prepared on a modified cash-basis of accounting, which is a basis of accounting other than
generally accepted accounting principles (GAAP).