HOLLEY NAVARRE WATER SYSTEM INC BALANCE SHEET

Transcription

1 BALANCE SHEET February 2018 CURRENT ASSETS Regions Operating Petty Cash Regions - Customer Water Deposits Regions - Customer Sewer Deposits Regions - Checking Regions - Investments Hancock Bank - HNWS14 Bond Fund Regions - Time Deposit Accounts Receivable Unbilled Accounts Receivable Accounts Receivable - Taps Notes Receivable - FRUS Capital Contribution - Fairpoint Due From Fairpoint Due From The Club At Hidden Creek Allowance for Bad Debt Materials Inventory Deposits Prepaid Insurance Prepaid Expenses ASSETS 2,505, , , ,151, ,139, , , , , , , , , , (25,000.00) 259, , , , TOTAL CURRENT ASSETS 9,696, OTHER ASSETS Land 2,071, Water Distribution System 23,990, Utility Plant Water 500, Utility Plant Water Facility 11, Sewer Facility 47,170, Office and Storage Buildings 657, Improvements O/T Buildings 261, Office Equipment 188, Equipment 1,941, Telemetry 233, Trucks 1,501, Investment in THE CLUB AT HIDDEN CREEK 4,472, CIP - Hwy 87 L-S Upgrade 10, CIP - Warehouse #2 Storage 48, CIP - Panhandle Trail L/S Relocation 1, CIP - Main Office Expansion 14, CIP W Master Plan 26, CIP WW Master Plan 2, CIP W Model Project 12, CIP WW Model Project 99, CIP - Navarre Beach 24, CIP - Highway 399 Connection 6, CIP - Reuse Capacity 21, CIP - Inflow & Infiltration 41, /22/ :22:57 AM Balance Sheet - Standard Page 1

2 CIP - SR 87 Booster Station & GST CIP - Eglin Reuse/RIBS CIP - Gulf Breeze Reuse CIP - General Lift Station Upgrades CIP - General Water Line Upgrades CIP - General Sewer Line Upgrades CIP - FDOT Hwy 98 Widening -Water CIP - FDOT Hwy 98 Widening -Sewer CIP - General WWTP Upgrades Debt Issue Costs Loan Discount Bond Issue Costs Accum Amort - Bond Issue Costs Accum Amort - Bond Discount Accumulated Depreciation Pension Liability - Current Portion 130, , , , , , , , , (26,503.06) (9,559.04) (28,259,194.93) (314,536.00) TOTAL OTHER ASSETS 55,407, TOTAL ASSETS 65,103, /22/ :22:57 AM Balance Sheet - Standard Page 2

3 CURRENT LIABILITIES Accounts Payable Accrued Taxes Accrued Compensated Absences Employee Deduction - Life Insurance Employee Deduction - Supplemental Ins. Accrued Interest Payable LIABILITIES 330, , , (66.68) 89, TOTAL CURRENT LIABILITIES 706, LONG-TERM LIABILITIES Water Deposits 379, Sewer Deposits 219, Net Pension Obligation 4,894, Lease Payable - Regions Bank 1,537, Loan Payable - CTA 6,560, TOTAL LONG-TERM LIABILITIES 13,590, TOTAL LIABILITIES 14,297, Contri-aid-Construction Water Contri-aid-Construction Sewer Accum Amort - Construction Membership Certificates Contributed Capital Capital Federal Grant Unfunded Pension Liability Retained Earnings Year-to-Date Earnings CONTRIB/PROPRIETARY CAPITAL 21,131, ,082, (19,758,083.94) 271, , , (4,848,746.92) 16,167, , TOTAL CONTRIB/PROPRIETARY CAPITAL 50,806, TOTAL LIABILITIES & CONTRIB/PROPRIETARY CAPITAL 65,103, /22/ :22:57 AM Balance Sheet - Standard Page 3

4 INCOME STATEMENT Month-to-Date Only, February current month, Consolidated by account REVENUE Taps - Water Water Sales Penalties Disconnect Fees NSF Fees Service Charge - Water Handling Fees Recovery of Bad Debt Interest Income REIMBURSEMENT FROM THE CLUB Misc Revenue - Water Reimbursement From FRUS Taps - Sewer Wastewater Sales Misc Revenue - Wastewater 1 Month Ended February 28, , % 352, % 7, % 2, % 1, % 6, % % % 1, % % % 21, % 36, % 350, % (8,253.96) -1.0 % TOTAL REVENUE 795, % ****** TOTAL REVENUE 795, % ****** GROSS PROFIT 795, % EXPENSES GENERAL & ADMINISTRATIVE EXPENSE Wages 184, % Capitalized Labor (3,531.22) -0.4 % Payroll Taxes 14, % Contract Labor 13, % Group Insurance 62, % Other Taxes/License/Dues % Computer Expense 7, % Supplies % Utilities 2, % Repairs & Maintenance % Vehicle Expense % Education & Training % Travel Expense % Office Equipment % 3/22/ :24:45 AM MTD Standard Income Statement Page 1

5 1 Month Ended February 28, 2018 Office Expense 10, % Postage 6, % Insurance Expense 19, % Legal Expense 2, % Accounting/Auditing Expense 6, % Engineering Expense 4, % Bad Debt 1, % Bank Charges 4, % Bond Issue-Administrative Fees 1, % Professional Services 3, % Interest Expense 26, % Misc Expense (709.28) -0.1 % CASH OVER/SHORT % TOTAL GENERAL & ADMINISTRATIVE EXPENSE 370, % DEPRECIATION & AMORTIZATION EXPENSE Amortization Expense Depreciation Expense (111,859.58) % 184, % TOTAL DEPRECIATION & AMORTIZATION EXPENSE 72, % WATER EXPENSE Supplies 3, % Tools % Utilities 6, % Chemicals % Repairs & Maintenance 15, % Vehicle Expense 3, % Vehicle/Equipment Gas Expense 2, % Water Testing 1, % Water Purchases 101, % Water Operations Expense % Engineering - MESI 2, % Engineering - System 2, % Misc Expense % TOTAL WATER EXPENSE 141, % WASTEWATER EXPENSE Supplies 1, % Tools % Utilities 32, % Chemicals - HBTS 5, % Sewer Lab Equip/Supplies - HBTS 2, % Repairs & Maintenance 63, % General Equipment - WWTP % Sludge Removal Expense - HBTS 8, % Vehicle Expense % Vehicle/Equipment Gas Expense 2, % Wastewater Testing - HBTS 2, % Wastewater Testing - HWWTP % 3/22/ :24:45 AM MTD Standard Income Statement Page 2

6 Plant Operations Expense - HBTS Engineering - MESI Engineering - System Misc Expense Uniform Expense 1 Month Ended February 28, % 1, % 2, % % % TOTAL WASTEWATER EXPENSE 125, % TOTAL EXPENSES 710, % ****** OPERATING INCOME/LOSS 84, % ****** 84, % ****** NET INCOME/LOSS 84, % 3/22/ :24:45 AM MTD Standard Income Statement Page 3