D-1
BOROUGH OF SOMERVILLE
SEWER UTILITY FUND
COMPARATIVE STATEMENTS OF OPERATIONS AND CHANGES
IN FUND BALANCE
REGULATORY BASIS
YEARS ENDED DECEMBER 31, 2022 AND 2021
| REF. | 2022 | 2021 | |
|---|---|---|---|
| REVENUE AND OTHER INCOME REALIZED | |||
| Fund Balance | D-3 |
$
300,000.00
|
$
150,000.00
|
| Sewer Use Charges | D-3 | 2,983,988.16 |
2,837,219.89 |
| Miscellaneous | D-3 | 156,214.43 |
146,262.27 |
| Miscellaneous Revenues Not Anticipated | D-3 | 5,369.75 |
59,630.25 |
| Other Credits to Income: | |||
| Unexpended Balance of Appropriation Reserves | D-10 | 400,345.05 |
206,642.58 |
| TOTAL INCOME | 3,845,917.39 |
3,399,754.99 |
|
| EXPENDITURES | |||
| Budget Appropriations: | |||
| Operating | |||
| Salaries and Wages | D-4 | 255,000.00 |
240,000.00 |
| Other Expenses | D-4 | 2,593,000.00 |
2,580,000.00 |
| Capital Improvements | D-4 | 100,000.00 |
100,000.00 |
| Debt Service | D-4 | 88,082.50 |
69,452.50 |
| Statutory Expenditures and Deferred Charges | D-4 | 69,500.00 |
110,000.00 |
| Refund of Prior Year Revenue | 50.00 |
||
| TOTAL EXPENDITURES | 3,105,582.50 |
3,099,502.50 |
|
| Excess in Revenue/Statutory Excess to Fund Balance | 740,334.89 |
300,252.49 |
|
| Fund Balance | |||
| Balance, January 1 | D | 2,503,133.21 |
2,352,880.72 |
3,243,468.10 |
2,653,133.21 |
||
| Decreased by: | |||
| Utilization by Sewer Utility Operating Budget | D-3 | 300,000.00 |
150,000.00 |
| Balance, December 31 | D |
$
2,943,468.10
|
$
2,503,133.21
|
20