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USDA -RD
<br />Form RD 442 -7
<br />• Budget Description: Lee Water District
<br />Position n r FORM APPROVED
<br />OPERPA NG- LlVJMT 63 oMe No. 0575-0015
<br />Sched i
<br />ivame
<br />Lee County Water & Sewer District No. 1
<br />Applicant Fiscal Year
<br />From 7/1 To 06/30
<br />A. Operating Income
<br />Water Sales
<br />Address
<br />Lee County Government Center
<br />County I State (Including ZIP Code)
<br />Lee NC 27330
<br />2003 2004 2005
<br />1,274,500 1,425,000 1,506,624
<br />Other tap fees
<br />27,750
<br />18,000
<br />20,000
<br />Other interest
<br />5,000
<br />5,000
<br />5,000
<br />B. Total Operating Income
<br />Total Ope Income
<br />1,307,250
<br />1,4
<br />1,531,624
<br />C. Operating Expense
<br />Salaries /Benefits
<br />28,230
<br />28,230
<br />28,300
<br />Administrative /Office
<br />5,800
<br />7,000
<br />7,500
<br />Utilities
<br />10,000
<br />11,000
<br />12,000
<br />IF- ontract Water Purchase
<br />750,000
<br />800,00
<br />82 8,300
<br />Engineer
<br />5,000
<br />5,000
<br />5,000
<br />Repairs/Maintenance
<br />15,000
<br />20,000
<br />2 0,000
<br />Suppli
<br />1
<br />20,000
<br />21,000
<br />RD Interest
<br />290,811
<br />347,149
<br />364,288
<br />D. Total Operating Expense
<br />Total Opera ting Expenses
<br />1,120,8
<br />1
<br />1,286,388
<br />E. Net Operating Income
<br />Net Op Inc
<br />186,409
<br />209,621
<br />24
<br />F. NonOperating Income
<br />Other capital fund balance
<br />72,000
<br />G. Total NonOperating Income
<br />Total NonOperating Income
<br />7 2,000
<br />0
<br />0
<br />H. Net Income
<br />Net Income
<br />25 8,409
<br />209,6
<br />245,236
<br />I Cash Provided From
<br />Pepreciation
<br />Others:
<br />Proceeds from USDA loan/grant
<br />803,000
<br />
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