Town of Wadena
Water and Sewer Utility System
Annual Financial Overview 2020
In 2020, the total revenue generated for the water and sewer utility system was $610,742. The expenses totaled $496,212.
Revenue:
Infrastructure Fee | $272,781 | |
Water Charges | $218,751 | |
Sewer Charges | $117,134 | |
Other Revenue | $2,076 | |
Custom Work / Supplies |
| |
| | $610,742 |
Expenses:
Wages, Benefits | $182,007 | |
Contractual Services | $116,831 | |
Utilities | $55,304 | |
Maintenance, Materials, Supplies | $66,002 | |
Capital Works | $67,460 | |
Other | $8,608 | |
| | $496,212 |
Using these figures, the comparison ratio of revenue to expenses equals $610,742/ $496,212 or a ratio of 1.23.
Reserve Account
The amount that has been set aside as of Dec 31, 2020 in a reserve account to be used to provide for water and sewer system capital infrastructure is $735,991. 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 Rate Policy
● 2020 Waterworks System Assessment