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 |
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:
2022 Annual Notice to Consumers
2021 Annual Notice to Consumers
Waterworks Rate Policy
2020 Waterworks System Assessment