Page 144 - Microsoft Word - Budget FY 19

CITY OF FOREST HILL

CITY OF FOREST HILL
WATER AND SEWER FUND (60)
SUMMARY OF REVENUES, EXPENDITURES, OTHER FINANCING SOURCES AND USES, AND
CHANGES IN WORKING CAPITAL
FY 2018-2019

ADOPTED
ACTUAL BUDGET ESTIMATE BUDGET
2016-17 2017-18 2017-18 2018-19

REVENUES

WATER SALES $ 2,300,475 $ 2,400,000 $ 2,680,000 $ 2,600,000
SEWER SERVICES 2,364,332 2,555,555 2,525,000 2,575,000
TAP & COLLECTION FEES 94,199 89,000 80,000 93,600
DELINQUENT CHARGES 135,598 135,000 142,200 139,900
MISCELLANEOUS 54,040 54,700 58,000 56,500
MERCHANT FEES 12,196 15,000 - -
INTEREST 2,863 1,500 6,400 4,100

TOTAL REVENUES 4,963,703 5,250,755 5,491,600 5,469,100

EXPENDITURES
PUBLIC WORKS - OPERATIONS 3,349,883 4,234,550 3,460,000 4,263,023
UTILITY BILLING 403,432 486,350 475,000 417,184
CAPITAL OUTLAY
DEBT SERVICE:
INTEREST - 2002 CO'S -
PRINCIPAL - GO REFUNDING 2011 - 131,500 131,150 131,500
INTEREST - GO REFUNDING 2011 24,565 20,086 20,086 16,480
FISCAL CHARGES 588 500 323 600
NON-DEPARTMENTAL - - - -
TOTAL EXPENDITURES 3,778,468 4,872,986 4,086,559 4,828,787
EXCESS (DEFICIENCY) OF REVENUES OVER (UNDER)
EXPENDITURES 1,185,235 377,769 1,405,041 640,313
OTHER FINANCING SOURCES (USES)

CAPITAL LEASE PROCEEDS - - - -
TRANSFER TO GENERAL FUND (413,000) (236,111) (188,888) (580,664)
NET TOTAL OTHER FINANCING SOURCES (USES) (413,000) (236,111) (188,888) (580,664)
NET INCREASE (DECREASE) IN RESOURCES 772,235 141,658 1,216,153 59,649

ACCRUAL ADJUSTMENT FOR GAAP
BEGINNING BUDGETARY FUND BALANCE 8,123,800 8,896,035 8,896,035 10,112,188
ENDING BUDGETARY FUND BALANCE
8,896,035 9,037,693 10,112,188 10,171,837

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