Newsletter

Financial Overview - Waterworks

July 28, 2016

 

 Town of Kerrobert

Annual Waterworks Information

[As required under The Municipalities Regulations (55(1)]

Waterworks 2015 Financial Overview

 

 

 

On July 27, 2016, Town Council passed a resolution adopting the 2015 financial overview of the waterworks operation:

 

 

 

            2015 Waterworks Revenues:                                                  $   811,701

 

            2015 Waterworks Operating Expenditures:                           $   680,294

 

2015 Waterworks Capital Expenditures:                               $            nil

 

            Total Transfer to Water Reserve:                                          $  241,490     

 

            Total Debt Payment on Waterworks Infrastructure Loans:   $   271,915

 

           

 

Comparison of Waterworks Revenues to Expenditures plus Debt Repayment, expressed as a Ratio:

 

 

 

                                                                        $ 811,701        = 0.85

 

                                                                        $ 952,209

 

 

 

For 2015, waterworks revenues covered 85 percent of the waterworks expenditures.

 

 

 

Reserves available for waterworks capital infrastructure at December 31, 2015 = $482,982