Utility Financial Overview

Town of Wadena

Water and Sewer Utility System
Annual Financial Overview 2020

In 2020, the total revenue generated for the water and sewer utility system was $610,742. The expenses totaled $496,212.

            Revenue:

Infrastructure Fee

$272,781

 

Water Charges

$218,751

 

Sewer Charges

$117,134

 

Other Revenue

$2,076

 

Custom Work / Supplies


 

 

 

$610,742

                                                             

            Expenses:

Wages, Benefits

$182,007

 

Contractual Services

$116,831

 

Utilities

$55,304

 

Maintenance, Materials, Supplies

$66,002

 

Capital Works

$67,460

 

Other    

$8,608

 

 

 

$496,212

                                               

                         

 

Surplus (Deficit)

114,530

                          

Using these figures, the comparison ratio of revenue to expenses equals $610,742/ $496,212 or a ratio of 1.23.


Reserve Account

The amount that has been set aside as of Dec 31, 2020 in a reserve account to be used to provide for water and sewer system capital infrastructure is $735,991. 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 Rate Policy

● 2020 Waterworks System Assessment