Utility Financial Overview

Town of Wadena

Water and Sewer Utility System
Annual Financial Overview 2019

In 2019, the total revenue generated for the water and sewer utility system was $523,632. The expenses totaled $680,522.

            Revenue:

Infrastructure Fee

$203,975

 

Water Charges

$197,069

 

Sewer Charges

$108,186

 

Other Revenue

$1,175

 

Custom Work / Supplies

$13,227

 

 

 

$523,632

                                                             

            Expenses:

Wages, Benefits

$221,221

 

Contractual Services

$215,884

 

Utilities

$51,698

 

Maintenance, Materials, Supplies

$105,283

 

Capital Works

$266,406

 

Other    

$890

 

 

 

$861,382

                                               

                         

 

Surplus (Deficit)

($337,750)

                          

Using these figures, the comparison ratio of revenue to expenses equals $523,632/ $861,382 or a ratio of 0.61.


Reserve Account

The amount that has been set aside as of Dec 31, 2019 in a reserve account to be used to provide for water and sewer system capital infrastructure is $793,991. Surplus from the water and sewer revenues may be transferred to reserves on an annual basis for water and sewer infrastructure repairs, replacement and upgrades.

Public Information

A copy of the following documents may be requested at the Town Office during regular business hours:

● Annual Notice to Consumers

● Waterworks Capital Investment Strategy

● Waterworks Rate Policy

● Utility System Annual Financial Overview

● Waterworks System Assessment