WELLSVILLE — Six months into the 2018 calendar year, the Buckeye Water District is a little behind on its target for revenues for the year, as discussed during Wednesday’s Finance Committee meeting.

The committee reviewed the treasurer’s report for the month of June, which showed a total revenue of $350,273,62 and total expenditures amounting to $382,214.07, all of which were between both the district’s general operating account and the construction fund.

In a breakdown of both funds, the general account fund’s cash receipts and revenues came to $294,285.49, while expenses in that account were $245,674.72. In the construction fund, $55,988.13 of revenue was reported along with $136,539.45 in expenditures.

So far, with the first six months complete, the district has collected $1,833,049.68–or 47.76 percent–of the $3.8 million it had anticipated to bring in for its general fund for 2018, while its construction fund has generated $335,452 –just a shade over half–of its projected $413,561 in revenue this year.

In regard to the general fund collections, board president Mike Ryan advised the committee that the district will need to keep an eye on the general fund, noting that if the district continues to generate revenue at the same rate as it has so far this year, it may be down by 5 percent by year’s end.

Regarding expenditures, the district has used $1,837,090.41 of the $4,076,616.43 that had been budgeted between both the general and construction accounts. The general fund has spent $1,484,232.38 of its $3.66 million budget, while the construction account has used $352,858.03 of its $415,100.03 budget for this year. This leaves about $2,239,526.02–about $2.177 million in the general fund and $62,242 in the construction fund–for the district to work with for the second half of the year.

The report also indicated that three loan payments towards the Ohio Water Development Authority (OWDA) totaling $370,106.85 were due on July 1 while other loan payments that had been due on July 31 were already paid, leaving the district with over $1.2 million left in loan payments for 2018.

Fiscal Officer Tiffany Chetock stated that the July 1 loan payments have been made, and will be reflected in the July treasurer’s report, which will be reviewed in the middle of August.

Meanwhile, in a further breakdown of the bills, the district reported electric bills for the month amounting to $25,016.15. AEP Energy’s bill came to $16,183.33, while Champion’s bill was $8,832.92, both of which were divided amongst administration ($556.28), the water treatment plant ($23,011.40) and distribution ($1,448.87).

The district also reported that its Wex Energy fuel bill amounted to $2,589.38, to which distribution used $1,908.58, the water treatment plant used $424.47, and administration used $256.33.

The district HRA health payments amounted to $4,335.79. A breakdown of that for $591.23 covering prescription and $3,744.56 for deductibles. The district also reported $11,912.10 in health insurance for the district, which serves as the normal monthly cost amongst its employees.

The report will be presented to the district’s Board of Trustees at 9 a.m. today inside council chambers at Village Hall on Main Street.