MILLCREEK TOWNSHIP SEWER AUTHORITY

2015 / 2014 AUDIT

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2015 OPERATING BUDGET  
 
   2015
BUDGET
2014
  BUDGET
REVENUES
 
 
 
 
 
INTEREST INCOME - ASSESSMENTS
$24,000
$24,000
INTEREST INCOME
12,000

22,800

LIEN INCOME
840
840
MANAGEMENT FEE - MILLCREEK TOWNSHIP
735,744
702,614
LEASE RENTAL PAYMENT (DEBT SERVICE)
1,024,233
1,026,133
DEVELOPER FEES
5,000
0
REIMBURSEMENTS - SUMMIT TOWNSHIP
0
0
REIMBURSEMENTS - FAIRVIEW TOWNSHIP
25,342
25,342
PROJECT REIMBURSEMENTS

800,000

999,325
OTHER INCOME
7,322
3,000
TAPPING FEE INCOME
5,000
5,000
CAPACITY FEE INCOME
3,000
3,000
 
 
 
             TOTAL REVENUES
$2,642,481
$2,812,054
 
 
 
EXPENSES
 
 
 
 
 
OPERATING EXPENSES
 
 
 WAGES - OPERATING
$55,900
$58,200
 PAYROLL TAXES

4,600

4,800

 EMPLOYEE INSURANCE

10,000

 8,400

 WORKERS COMPENSATION

550

 400

 EMPLOYEE PENSION
11,700

11,700

 OPERATING SUPPLIES & EXPENSES

5,000

5,000

 VEHICLE EXPENSES
7,200
6,400
 MINOR EQUIPMENT & TOOLS
100
100
 ENGINEERING SERVICES
6,900
6,900
 UTILITIES
5,800
5,800
 CONTRACTED MAINTENANCE
29,000
48,000
 MISC. SERVICES & CHARGES
100
100
   sub-total
$136,850
$155,800
 
 
 
 
ADMINISTRATIVE EXPENSES
 
 
 SALARIES & WAGES - ADMINISTRATIVE

 $394,400

 $382,000

 PAYROLL TAXES

 31,600

 30,600

 EMPLOYEE INSURANCE

 137,000

 140,000

 WORKERS COMPENSATION

 800

 1,300

 EMPLOYEE PENSION

 65,000

 67,000

 OFFICE SUPPLIES & EXPENSES

 13,920

11,800

 POSTAGE

 2,000

2,000

 LEGAL FEES & EXPENSES

 15,000

14,400

 ACCOUNTING & PROFESSIONAL FEES

 10,250

 10,050

 DUES & SUBSCRIPTIONS

1,250

1,570

 SEMINARS & TRAINING

 4,900

5,200

 TRAVEL

 2,200

 2,200

 ADMINISTRATIVE EXPENSES

 6,780

 6,000

 CONTRIBUTIONS

0

0

 COMMUNICATIONS

4,940

4,600

 RENT

46,575

46,575

 INSURANCES

9,800

9,700

sub-total

$746,415

$734,994

     
DEBT SERVICE
   
 PRINCIPAL - 2011 BONDS

$630,000

$615,000

 INTERSEST - 2011 BONDS

394,234

411,133

 sub-total

$1,024,234

$1,026,133


TOTAL EXPENDITURES BEFORE
 
 

CAPITAL AND DEPRECIATION   

$1,907,499

$1,916,927

 
 
 
                           OPERATING INCOME (LOSS)

$734,982

$895,127
     
CAPITAL EXPENSES
 
        
 SEWER SYSTEM IMPROVEMENTS - BONDS
$0

$220,000

 SEWER SYSTEM IMPROVEMENTS - OPERATING

1,900,000

1,978,400

 MACHINERY & EQUIPMENT
60,000
205,000
 OFFICE EQUIPMENT & EXPENSES
0
1,500
   sub-total
$1,960,000
$2,404,900
 
 
 
 
 
 
NON-OPERATING REVENUE (EXPENSE) 
 
 
 CURRENT YEAR ASSESSMENTS
$200,000
$1,460,000
 DEPRECIATION EXPENSE

(43,000)

(43,000)

sub-total
$157,000
$1,417,000
     
     
NON-OPERATING INCOME (LOSS)

($1,803,000)

($987,900)

     

                        NET INCOME (LOSS)

($1,068,018)

($92,773)

     

 
 
 
Millcreek Township Water & Sewer Authorities
3608 West 26 Street
Erie PA 16506
814-835-6721    Fax: 814-835-6615