Utility Financial Overview

Town of Wadena

Water and Sewer Utility System
Annual Financial Overview 2021

In 2021, the total revenue generated for the water and sewer utility system was $599,426. The expenses totaled $501,298.

            Revenue:

Infrastructure Fee

$250,540


Water Charges

$225,970

 

Sewer Charges

$119,329

 

Other Revenue

$3,587

 

Custom Work / Supplies


 

 

 

$599,426

                                                             

            Expenses:

Wages, Benefits

$201,445

 

Contractual Services

$110,657

 

Utilities

$55,876

 

Maintenance, Materials, Supplies

$74,759

 

Amortization

$51,791

 

Other    

$6,770

 

 

 

$501,298

                                               

                         

 

Surplus (Deficit)

98,128

                          

Using these figures, the comparison ratio of revenue to expenses equals $599,426/ $501,298 or a ratio of 1.20.


Reserve Account

The amount that has been set aside as of Dec 31, 2021 in a reserve account to be used to provide for water and sewer system capital infrastructure is $896,568.52. 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