| Water & Sewer Authority |
The Joint Development Authority of Franklin, Hart & Stephens |
Total Business-Type Activities (Major) |
||||||
| OPERATING
REVENUES Charges for Services-Water & Sewer |
$366,235 | $ - | $366,235 | |||||
| Connection Fees | 21,000 | - | 21,000 | |||||
| Operating Grant and Contributions | 153,192 | 91,297 | 244,489 | |||||
| Other fees | 3,168 | 3,168 | ||||||
| Total Operating Revenue | 543,595 | 91,297 | 634,892 | |||||
| OPERATING
EXPENSES Personnel Services |
96,915 | - | 96,915 | |||||
| Water Purchases | 302,010 | - | 302,010 | |||||
| Other Services and Supplies | 14,904 | 3,206 | 18,110 | |||||
| Utilities | 4,866 | - | 4,866 | |||||
| Professional Services | 66,280 | 28,390 | 94,670 | |||||
| Depreciation and Amortization | 69,299 | - | 69,299 | |||||
| Total Operating Expenses | 554,274 | 31,596 | 585,870 | |||||
| Operating Income (Loss) | (10,679) | 59,701 | 49,022 | |||||
| Non-Operating
Revenues (Expenses) Intergovernmental |
1,720,043 | 536,028 | 2,256,071 | |||||
| Interest Expense | - | (23,750) | (23,750) | |||||
| Investment Earnings | 8,888 | 4,685 | 13,573 | |||||
| Total Non-Operating Revenues (Expenses) | 1,728,931 | 516,963 | 2,245,894 | |||||
| NET CHANGE IN NET ASSETS | 1,718,252 | 576,664 | 2,294,916 | |||||
| NET ASSETS, Beginning of year | 3,774,036 | 1,100,101 | 4,874,137 | |||||
| NET ASSETS, End of year | $5,492.288 | $1 676 765 | $7,169,053 | |||||