Utility Financial Overview

Town of Wadena

Water and Sewer Utility System
Annual Financial Overview 2018

 According to the Town’s audited 2018 financial statements, the total revenue generated for the water and sewer utility system was $488,404.  The expenses totaled $269,960.

                          Revenue:

                                Infrastructure Fee                           $201,954

  Water Charges                                $186,196                             

                                Sewer Charges                                   98,399

                                Other Revenue                                     1,353

                                Custom Work / Supplies                           502                             

                                                                                                                     $488,404

                          Expenses:

                                Wages, Benefits                              $152,831

                                Contractual Services                           36,492

                                Utilities                                                 49,644

                                Maintenance, Materials, Supplies       30,883

                                Capital Works                                               0              

                                Other                                                         110                              

                                                                                                                     $269,960

                                                                            Surplus (Deficit)               $218,444            

Using these figures, the comparison ratio of revenue to expenses equals $488,404/ $269,960 or a ratio of 1.81.

Reserve Account

The amount that has been set aside as of Dec 31, 2018 in a reserve account to be used to provide for water and sewer system capital infrastructure is $843,306. Surplus from the water and sewer revenues may be transferred to reserves on an annual basis for water and sewer infrastructure repairs, replacement and upgrades.

Public Information

A copy of the following documents may be requested at the Town Office during regular business hours:

● Annual Notice to Consumers

● Waterworks Capital Investment Strategy

● Waterworks Rate Policy

● Utility System Annual Financial Overview

● Waterworks System Assessment