HOLLEY NAVARRE WATER SYSTEM INC BALANCE SHEET

Transcription

1 BALANCE SHEET November 2017 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 1,873, , , ,239, ,138, , , , , , , , , , (25,000.00) 296, , , , TOTAL CURRENT ASSETS 9,221, OTHER ASSETS Land 2,071, Water Distribution System 23,758, Utility Plant Water 500, Utility Plant Water Facility 11, Sewer Facility 44,064, CIP - Greskovich Property RIBS 1,088, Office and Storage Buildings 657, Improvements O/T Buildings 261, Office Equipment 188, Equipment 1,941, Telemetry 233, Trucks 1,574, Investment in THE CLUB AT HIDDEN CREEK 4,361, CIP - Hwy 87 L-S Upgrade 9, CIP - Warehouse #2 Storage 48, CIP - Panhandle Trail L/S Relocation 969, CIP - Main Office Expansion 14, CIP W Master Plan 26, CIP WW Master Plan 2, CIP W Model Project 10, CIP WW Model Project 99, CIP - Navarre Beach 24, CIP - Highway 399 Connection 5, CIP - Reuse Capacity 21, /29/2017 8:59:17 AM Balance Sheet - Standard Page 1

2 CIP - Inflow & Infiltration 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 40, , , , , , (9,760.00) , , , (24,624.07) (8,881.28) (27,753,530.66) (314,536.00) TOTAL OTHER ASSETS 54,463, TOTAL ASSETS 63,684, /29/2017 8:59:17 AM Balance Sheet - Standard Page 2

3 CURRENT LIABILITIES Accounts Payable Accrued Taxes Accrued Compensated Absences Employee Deduction - Life Insurance Accrued Interest Payable LIABILITIES 293, , , (108.99) 25, TOTAL CURRENT LIABILITIES 614, LONG-TERM LIABILITIES Water Deposits 381, Sewer Deposits 221, Net Pension Obligation 4,894, Lease Payable - Regions Bank 1,571, Loan Payable - CTA 6,560, TOTAL LONG-TERM LIABILITIES 13,628, TOTAL LIABILITIES 14,242, 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 20,759, ,999, (19,419,948.45) 269, , , (4,848,746.92) 16,717, (580,017.23) TOTAL CONTRIB/PROPRIETARY CAPITAL 49,442, TOTAL LIABILITIES & CONTRIB/PROPRIETARY CAPITAL 63,684, /29/2017 8:59:17 AM Balance Sheet - Standard Page 3

4 INCOME STATEMENT Month-to-Date Only, November month back, Consolidated by account REVENUE Taps - Water Water Sales Penalties Disconnect Fees NSF Fees Service Charge - Water Handling Fees Recovery of Bad Debt Interest Income Misc Revenue - Water Reimbursement From FRUS Taps - Sewer Wastewater Sales 1 Month Ended November 30, , % 359, % 6, % 2, % 1, % 7, % % % 1, % % 23, % 32, % 355, % TOTAL REVENUE 814, % ****** TOTAL REVENUE 814, % ****** GROSS PROFIT 814, % EXPENSES GENERAL & ADMINISTRATIVE EXPENSE Wages 243, % Capitalized Labor (758.18) -0.1 % Payroll Taxes 16, % Contract Labor 5, % Group Insurance 60, % Net Periodic Pension Cost 41, % Other Taxes/License/Dues % Computer Expense 3, % Supplies 2, % Utilities 2, % Repairs & Maintenance % Vehicle Expense % Education & Training 3, % Travel Expense % Mileage % Office Equipment % 12/29/2017 8:40:04 AM MTD Standard Income Statement Page 1

5 1 Month Ended November 30, 2017 Office Expense 10, % Postage 4, % Insurance Expense 19, % Legal Expense 11, % Accounting/Auditing Expense 1, % Engineering Expense 3, % Advertising Expense % Bad Debt 1, % Bank Charges 2, % Bond Issue-Administrative Fees 2, % Professional Services 8, % Interest Expense 27, % Misc Expense 1, % Uniform Expense 1, % CASH OVER/SHORT (27.02) 0.0 % TOTAL GENERAL & ADMINISTRATIVE EXPENSE 477, % DEPRECIATION & AMORTIZATION EXPENSE Amortization Expense Depreciation Expense (111,859.58) % 184, % TOTAL DEPRECIATION & AMORTIZATION EXPENSE 72, % WATER EXPENSE Supplies 1, % Tools % Utilities 8, % Chemicals 2, % Repairs & Maintenance 17, % Vehicle Expense 1, % Vehicle/Equipment Gas Expense 2, % Water Testing 1, % Water Purchases 104, % Water Operations Expense % Engineering - MESI 1, % Misc Expense 1, % Uniform Expense 1, % TOTAL WATER EXPENSE 143, % WASTEWATER EXPENSE Supplies 1, % Tools % Utilities 32, % Chemicals - HBTS 5, % Repairs & Maintenance 43, % Sludge Removal Expense - HBTS 6, % Vehicle Expense 1, % Vehicle/Equipment Gas Expense 2, % Wastewater Testing - HBTS 2, % Wastewater Testing - HWWTP 1, % 12/29/2017 8:40:04 AM MTD Standard Income Statement Page 2

6 Wastewater Permits Plant Operations Expense - HBTS Engineering - MESI Misc Expense Uniform Expense 1 Month Ended November 30, 2017 (76.59) 0.0 % % 5, % % 1, % TOTAL WASTEWATER EXPENSE 104, % TOTAL EXPENSES 798, % ****** OPERATING INCOME/LOSS 15, % ****** 15, % ****** NET INCOME/LOSS 15, % 12/29/2017 8:40:04 AM MTD Standard Income Statement Page 3