Utility Financial Overview

Town of Wadena

Water and Sewer Utility System
Annual Financial Overview 2022

In 2022, the total revenue generated for the water and sewer utility system was $575,610. The expenses totaled $531,327.

            Revenue:

Infrastructure Fee

$224,430


Water Charges

$225,700

 

Sewer Charges

$120,000

 

Other Revenue

$5,480

 

Custom Work / Supplies


 

 

 

$575,610

                                                             

            Expenses:

Wages, Benefits

$180,462

 

Contractual Services

$27,530

 

Utilities

$63,600

 

Maintenance, Materials, Supplies

$259,735

 

Amortization

$0.00

 

Other    

$0.00

 

 

 

$531,327

                                               

                         

 

Surplus (Deficit)

44,283

                          

Using these figures, the comparison ratio of revenue to expenses equals $575,610/ $531,327 or a ratio of 1.08.

Reserve Account

The amount that has been set aside as of Dec 31, 2022 in a reserve account to be used to provide for water and sewer system capital infrastructure is $857,143. 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

Note that the following information required pursuant to section 54 of the Municipalities Regulations is available for inspection at the Town of Wadena office during regular office hours:

  • Waterworks rate policy and capital investment strategy.
  • 2022 waterworks financial overview.
  • Current waterworks reserves.
  • Most recent waterworks independent engineering assessment.
  • Capital plans for waterworks infrastructure projects and sources of funding.
  • All current agreements entered into

Also available for inspection at the Town of Wadena office during regular office hours:

2022 Annual Notice to Consumers

2021 Annual Notice to Consumers