Utility Financial Overview

Town of Wadena

Water and Sewer Utility System
Annual Financial Overview 2017

 According to the Town’s audited 2017 financial statements, the total revenue generated for the water and sewer utility system was $564,993.  The expenses totaled $445,445.

                          Revenue:`

                                Water Charges                                $373,705                             

                                Sewer Charges                                 184,235

                                Other Revenue                                      6,636

                                Custom Work / Supplies                           417                             

                                                                                                                     $564,993

                          Expenses:

                                Wages, Benefits                              $160,023

                                Contractual Services                           55,196

                                Utilities                                                 56,991

                                Maintenance, Materials, Supplies       56,668

                                Amortization                                        10,034

                                Capital Works                                      98,839              

                                Other                                                      7,694                              

                                                                                                                     $445,445

                                                                            Surplus (Deficit)               $119,548            

Using these figures, the comparison ratio of revenue to expenses equals $564,993/ $445,445 or a ratio of  1.27

Reserve Account

The amount that has been set aside as of Dec 31, 2017 in a reserve account to be used to provide for water and sewer system capital infrastructure is $769,723. 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 and may be available online:

● Annual Notice to Consumers

● Waterworks Capital Investment Strategy

● Waterworks Rate Policy

● Utility System Annual Financial Overview

● Waterworks System Assessment