2016 Financials

Wolf Creek Water and Sewer Improvement District
Profit & Loss Actuals
Jan-Dec  2016
Ordinary Income/Expense
Income
5000 · Connection-Residential 119,645.00
5001 · Connection-Multi Unit
5004 · Impact Fee 110,455.00
5100 · Assessments-Residential 634,801.93
5101 · Assessments-Multi Unit 399,498.08
5102 · Assessments-Commercial 59,447.33
5103 · Assessments-Open Space 47,332.50
5200 · Stand By Fee 190,605.00
5300 · Disposal Line Income 30,000.00
5350 · Late Fee Income 9,005.79
5900 · Misc.  Income 716.47
8000 · Interest Income
8011 · PTIF Account 14,387.26
8012 · PTIF Impact Fee Interest 207.11
8013 · Zions Bank 7,725.58
8030 · Wells Fargo Bank 36.95
Total Income 1,623,864.00
Expense
6000 · General & Administrative
6100 · Accounting 6,240.65
6150 · Advertising 1,106.50
6200 · Bank Services Charges 7,685.61
6250 · Board Services 6,000.00
6255 · Cellular Phone 1,110.44
6275 ·Dues & Subscriptions 1,413.00
6300 · Election Costs
6310 · Fuel & Repair for Vehicles 7,856.24
6325 ·Ampstun Software 3,750.00
6350 · Insurance
6351 ·  Term Life & AD&D Insurance 196.40
6352 ·  Bond Insurance 308.58
6353 ·  Liability & D&O & Auto Insurance 19,169.92
6354 · Workers Compensation 3,418.87
6375 · Lease Agreement Tax Payment -17,456.63
6400 · Legal
6410 · Notice of Interest 2,621.00
6420 · Legal Services – 98,914.45
6450 · Licenses & Permits 2,730.00
6475 · Tools & Equipment 330.84
6499 · Office Rent 12,000.00
6500 · Office Expense 6,455.21
6501 · Payroll Expense 236,030.49
6525 · Office Telephone 2,915.69
6550 · Postage 4,143.15
7050 · Education 1,528.33
8510 · Utah State Bond Interest Expense 7,740.67
8511 · Wells Fargo Interest Expense 78,081.21
8512 · Washington Federal/Zions 2016 Bond Interest 65,829.61
8550 · Uniforms 724.37
8700 · Website & IT Consulting 1,817.99
9000 · Bad Debt 20,680.24
9998 · Depreciation Expense 260,471.59
Total 6000 · General & Administrative 843,814.42
10000 · Irrigation System
10001 · Bluestakes 75.71
10002 · Materials & Supplies 1,111.04
10003 · Meter Repair & Maintenance 2,346.97
10004 · Engineering 3,060.00
10005 · Irrigation Labor 6,060.00
10006 · Repairs & Maintenance 12,820.45
10007 · Electricity 16,224.18
10010 · Cottonwood Well Lease 3,400.00
10011 · Consulting 192.19
10012 · Dam Safety Study
10013 · Water Contract-WCI & WBWCD 23,447.40
Total 10000 · Irrigation System 68,737.94
15000 · Drinking Water System
15001 · Bluestakes 75.70
15002 · Materials & Supplies 750.82
15003 · Meter Repair & Maintenance 23,453.81
15004 · Engineering 3,402.50
15005 · Drinking Water Labor 5,580.00
15006 · Repairs & Maintenance 44,647.46
15007 · Testing 3,214.00
15008 · Utilities
15009 · Electric 14,450.75
15012 · Consulting 2,592.19
15014 · Water Contract-WBSCS & WCI 31,627.31
Total 15000 · Drinking Water System 129,794.54
6700 · Sewer System
6800 · Sewer System Labor 12,100.00
6825 · Engineering 25,688.75
6850 · Materials & Supplies 23.79
6875 · Bluestakes 75.70
6900 · Sewer System Repair & Maint. 23,845.90
6950 · Utilities
6960 · Electric 461.62
6970 · Gas 121.83
6980 · Telephone 602.21
Total 6700 · Sewer System 62,919.80
7000 · MBR Treatment Facility
7025 · Computer Expense 1,466.25
7175 · MBR Labor 60,090.00
7200 · Landscaping
7225 · Materials & Supplies 10,069.96
7250 · Professional Services
7260 · Consulting  (Larry Hall) 24,637.60
7270 · Engineering
7290 · Repairs & Maintenance 20,458.02
7300 · Snow Removal 95.00
7350 · Testing 4,612.00
7400 · MBR Utilities
7410 · Electric 62,663.97
7415 · Diesel Fuel
7420 · Gas 279.01
7440 · Telephone & Internet 1,754.63
7500 · Waste Removal 7,262.52
Total 7000 · MBR Treatment Facility 193,388.96
Total Expenses 1,298,655.66
Net Ordinary Income 325,208.34
Reserves Against Depreciation 260,471.59
Capital Improvement Fund 683,500.00
Total Depreciation & Capital Funds 943,971.59
Washington Federal – Sinking Fund 640,000.00
Total Reserve Account Allocations 640,000.00
Projected Asset Additions
Already Accumulated for Projects
Membrane Replacement (3 yrs)
Projected Impact Fees Accumulation 81628.11
Total Projected Asset Additions 81628.11
Asset Purchases
New Culinary Tank ($1,100,000 6 yrs)
High Preasure Line(Highlands-Snowflake $750,000 6 yrs) 125,000.00
Fencing
Land Purchase
Gravity Sewer Line at the Ridge 93,668.00
Membrane Replacement ($242,000 7yrs) 35,000.00
Total Asset Purchases 253,668.00
Net  Income 457,140.04