Utility Financial Overview

Town of Wadena

Water and Sewer Utility System
Annual Financial Overview 2019

In 2019, the total revenue generated for the water and sewer utility system was $524,590. The expenses totaled $819,424.

            Revenue:

Infrastructure Fee

$204,931

 

Water Charges

$197,069

 

Sewer Charges

$108,187

 

Other Revenue

$1,504

 

Custom Work / Supplies

$12,899

 

 

 

$524,590

                                                             

            Expenses:

Wages, Benefits

$227,450

 

Contractual Services

$312,383

 

Utilities

$52,554

 

Maintenance, Materials, Supplies

$120,900

 

Capital Works

$105,247

 

Other    

$890

 

 

 

$819,424

                                               

                         

 

Surplus (Deficit)

($294,834)

                          

Using these figures, the comparison ratio of revenue to expenses equals $524,590/ $819,424 or a ratio of 0.64.


Reserve Account

The amount that has been set aside as of Dec 31, 2019 in a reserve account to be used to provide for water and sewer system capital infrastructure is $793,991. 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 Capital Investment Strategy

● Waterworks Rate Policy

● Utility System Annual Financial Overview

● 2020 Waterworks System Assessment