FLETCHER CREEK
IMPROVEMENT DISTRICT
Statement of Revenue and Expenses
December 31, 2015
Unaudited
|
|
|
2015 |
2014 |
|
|
Revenue |
|
|
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|
|
Water tax payments |
$ 29,614 |
$ 26,463 |
|
|
|
Water tax penalties |
414 |
158 |
|
|
|
Prepaid taxes |
0 |
26 |
|
|
|
Grants |
0 |
30,000 |
|
|
|
Interest |
1,129 |
807 |
|
|
|
Other |
19 |
56 |
|
|
Total Revenue |
31,176 |
57,546 |
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Expenses |
|
|
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|
|
Water System Expense Maintenance: Regular |
320 |
38 |
|
|
|
Treatment System |
2,636 |
0 |
|
|
|
Upgrade Expenses |
0 |
2,061 |
|
|
Subtotal Water System Expense |
2,956 |
2,098 |
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|
|
Payroll Expense |
|
|
|
|
|
Trustee Honoraria |
1,362 |
813 |
|
|
|
Secretary Treasurer Payroll |
7,952 |
8,498 |
|
|
|
Maintenance Payroll |
933 |
1,844 |
|
|
|
Payroll Expense |
464 |
561 |
|
|
|
Subtotal Payroll Expense |
10,711 |
11,717 |
|
|
|
|
|
|
|
|
|
Administration Expense Advertising Office and Postage |
352 1,063 |
812 504 |
|
|
|
Bad Debt |
0 |
343 |
|
|
|
Legal and Accounting |
110 |
562 |
|
|
|
License, Fees and Dues |
250 |
283 |
|
|
|
Amortization Expense |
3,487 |
3,480 |
|
|
Subtotal Administration Expense |
5,262 |
5,984 |
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|
Total Expenses |
18,929 |
19,798 |
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|
Net income (loss) from operations |
$ 12,247 |
$ 37,748 |
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|
Part that is income to asset |
(3,487) |
24,014 |
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|
Part that is income to cash |
13,729 |
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