CITY OF OLEAN, NEW YORK

WATER FUND BUDGET

HISTORICAL COMPARISON

2006/2007

2007/2008

2007/2008

2008/2009

Actual

Revenues &

Expected Year

Proposed

Revenues &

Expenditures

End Revenues &

Revenues &

Expenditures

Year-to-date¹

Expenditures

Expenditures

REVENUES:

Departmental income

3,025,551

2,751,259

3,647,991

3,333,500

Sales of property and compensation for loss

26,882

23,537

26,537

15,000

TOTAL REVENUES

3,052,433

2,774,796

3,674,528

3,348,500

EXPENDITURES:

General government support

73,069

66,094

66,094

126,200

Home and community services

1,427,043

1,102,929

1,577,400

1,902,808

Employee benefits

465,164

310,310

376,400

423,221

Debt service - interest expense

1,715

-

-

5,041

TOTAL EXPENDITURES

1,966,991

1,479,333

2,019,894

2,457,270

EXCESS OF REVENUE OVER EXPENDITURES

1,085,442

1,295,463

1,654,634

891,230

OTHER FINANCING USES

BANS Redeemed from appropriations

(28,000)

-

-

-

Operating transfers out

(934,640)

(937,516)

(979,759)

(889,492)

TOTAL OTHER FINANCING USES

(962,640)

(937,516)

(979,759)

(889,492)

APPROPRIATED FUND BALANCE

$ 122,802

$ 357,947

$ 674,875

$ 1,738