MILLCREEK TOWNSHIP SEWER AUTHORITY

2017 / 2016 AUDIT

Click here to view or download the 2016 audit.

 

2018 OPERATING BUDGET  
 
   2018
BUDGET
2017
  BUDGET
REVENUES
 
 
 
 
 
INTEREST INCOME - ASSESSMENTS
$25,200
$25,414
INTEREST INCOME
5,100

6,420

LIEN INCOME
480
480
MANAGEMENT FEE - MILLCREEK TOWNSHIP
764,000
760,194
LEASE RENTAL PAYMENT (DEBT SERVICE)
1,024,233
1,023,384
DEVELOPER FEES
5,000
14,122
REIMBURSEMENTS - FAIRVIEW TOWNSHIP
25,342
25,342
PROJECT REIMBURSEMENTS

55,913

634,872
OTHER INCOME
840
873
TAPPING FEE INCOME
8,400
16,285
CAPACITY FEE INCOME
1,200
0
 
 
 
             TOTAL REVENUES
$1,922,988
$2,507,386
 
 
 
EXPENSES
 
 
 
 
 
OPERATING EXPENSES
 
 
 WAGES - OPERATING
$56,971
$59,093
 PAYROLL TAXES

4,593

4,738

 EMPLOYEE INSURANCE

13,350

 12,016

 WORKERS COMPENSATION

256

 223

 EMPLOYEE PENSION
13,000

12,325

 OPERATING SUPPLIES & EXPENSES

9,961

7,604

 VEHICLE EXPENSES
4,200
1,045
 MINOR EQUIPMENT & TOOLS
240
0
 ENGINEERING SERVICES
3,000
3,121
 UTILITIES
0
5,800
 CONTRACTED MAINTENANCE
10,975
0
 MISC. SERVICES & CHARGES
240
242
   sub-total
$116,786
$103,163
 
 
 
 
ADMINISTRATIVE EXPENSES
 
 
 SALARIES & WAGES - ADMINISTRATIVE

 $186,705

 $189,690

 PAYROLL TAXES

 14,988

 15,125

 EMPLOYEE INSURANCE

 98,650

 131,003

 WORKERS COMPENSATION

 800

720

 EMPLOYEE PENSION

 63,000

 61,625

 OFFICE SUPPLIES & EXPENSES

 21,024

21,700

 POSTAGE

900

575

 LEGAL FEES & EXPENSES

 13,000

12,991

 ACCOUNTING & PROFESSIONAL FEES

 44,300

 18,400

 DUES & SUBSCRIPTIONS

1,590

2,517

 TRUSTEE FEES 6,850 6,850
 SEMINARS & TRAINING

 4,402

2,480

 TRAVEL

300

 3,426

 ADMINISTRATIVE EXPENSES

 4,380

 4,934

 CONTRIBUTIONS

900

50

 COMMUNICATIONS

2,445

2,560

 RENT

9,422

23,990

 INSURANCES

2,300

1,029

sub-total

$475,955

$499,665

     
DEBT SERVICE
   
 PRINCIPAL - AUTHORITY BONDS

$765,000

$760,000

 INTERSEST - AUTHORITY BONDS

256,514

263,384

 sub-total

$1,021,514

$1,023,384


TOTAL EXPENDITURES BEFORE
 
 

CAPITAL AND DEPRECIATION   

$1,614,514

$1,626,212

 
 
 
                           OPERATING INCOME (LOSS)

$308,474

$881,174
     
CAPITAL EXPENSES
 
        
 SEWER SYSTEM IMPROVEMENTS - BONDS
$0

$15,250

 SEWER SYSTEM IMPROVEMENTS - OPERATING

975,000

1,670,049

 MACHINERY & EQUIPMENT
8,000
11,378
 OFFICE EQUIPMENT & EXPENSES
25,761
10,747
   sub-total
$1,008,761
$1,708,338
 
 
 
 
 
 
NON-OPERATING REVENUE (EXPENSE) 
 
 
 CURRENT YEAR ASSESSMENTS
$200,000
$0
 DEPRECIATION EXPENSE

(84,000)

(75,809)

sub-total
$116,000
$(75,809)
     
     
NON-OPERATING INCOME (LOSS)

($700,028)

($827,164)

     

                        NET INCOME (LOSS)

($584,287)

($902,973)

     

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