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