Utility Financial Overview
Town of Wadena
Water and Sewer Utility System
Annual Financial Overview 2016
According to the Town’s audited 2016 financial statements, the total revenue generated for the water and sewer utility system was $544,979. The expenses totalled $358,359.
Water Charges $357,418
Sewer Charges 180,668
Other Revenue 225
Custom Work 6,668
Wages, Benefits $162,487
Contractual Services 79,356
Maintenance, Materials, Supplies 52,143
Surplus (Deficit) $186,620
Using these figures, the comparison ratio of revenue to expenses equals 358,359 / 544,979 or a ratio of 1.52.
The amount that has been set aside as of Dec 31, 2016 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 are transferred to reserves on an annual basis for water and sewer infrastructure repairs, replacement and upgrades.
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