WELLSVILLE — Although operating finances were at a loss, the Buckeye Water District’s main funds reported an overall gain in May as the district’s Finance Committee reviewed the latest monthly treasurer’s report on Wednesday.

According to the report, the district’s general operating account showed revenues for the month of $261,166.28 and expenditures of $282,837.75 resulting in a net loss of nearly $21,000, while the district’s construction fund revenues for May were $264,263.87 and expenses were $185,923.55 with a net gain of $78,340.32.

With both accounts combined, the district collected revenues of $525,430.15 and incurred expenditures of $468,761.30, resulting in an overall net gain of $56,668.85 for the month.

In a breakdown of some of the bills throughout the month, the district’s electric bills amounted to $35,937.89, Wex vehicle fuel cost the district $2,683.05, the health reimbursement account (HRA) incurred costs of $2,463.10, and health care (a standard monthly cost) totaled $11,912.10.

Pertaining to electric bills, administrative electric came to $716.96, water treatment plant use at $32,936.24, and distribution at $2,284.69. From that, $17,546.86 went toward AEP Energy, while the other $18,391.03 for Champion.

Vehicle fuel costs of $194.70 went to administrative, $1,996.59 for distribution and $491.76 for the water treatment plant.

As for the HRA, $1,593.90 were for administrative, $588.46 for the water treatment plant and $281.44 for distribution. A total of $797.61 goes toward prescription reimbursements, while $1,666.19 were for deductibles.

Along with their bills, the district also had two loan payments which were due May 1 and paid that day. Those two loan payments amounted to $81,319.50, and were both USDA revenue bonds in relation to the water treatment plant.

So far this year, the district has paid $503,507.84 of the $1,772,730.18 it owes in 2018 regarding loan payments, with the district having to pay $1,269,222.34.

The next loan payments will be due July 1, which include $361,511.34 in OWDA loans for the transmission main, pump station and intake, along with two other loan payments that same day totaling $22,483.71.

As for the expense budget, so far in 2018, the district’s general operating account has spent $1,238,557.76 of its $3,661,516 budget for the year, leaving the district $2,422,958.24 to work with for June — to which that month’s findings will be discussed next month — and the second half of the year. The construction fund still has $198,781.45 remaining in its budget of $415,100.03.

The district’s cash receipts for May, which was the same number as its revenue, now brings the total amount of cash receipts for the year to $1,538,723.12, presenting a monthly average so far for 2018 of $307,744.62.

The treasurer’s report will be presented to the BWD Board of Trustees during its monthly meeting at 9 a.m. today at Wellsville Village Hall on Main Street.