Page 183 - Grapevine FY19 Operating Budget
P. 183
FY 2018-19 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
UTILITY ENTERPRISE FUND
2015-16 2016-17 2017-18 2017-18 2018-19
Actual Actual Budget Estimate Approved
BEGINNING WORKING CAPITAL: 8,114,081 8,698,344 8,883,992 8,883,992 7,858,183
OPERATING REVENUE:
Water Sales 14,013,898 14,710,779 15,990,385 16,509,981 15,650,000
Wastewater Sales 7,909,288 8,054,884 8,461,691 8,377,050 8,000,000
Tap & Inspection Fees 166,913 164,608 102,000 139,576 90,000
Reconnects & Transfers 222,413 202,962 202,500 202,586 215,000
Interest Income 82,290 175,278 120,000 302,191 120,000
Miscellaneous Income 863,926 945,807 205,000 2,260,471 205,000
Total Operating Revenue 23,258,728 24,254,317 25,081,576 27,791,857 24,280,000
TRANSFERS IN: 0 522,974 0 663,173 0
TOTAL REVENUE AND TRANSFERS 23,258,728 24,777,292 25,081,576 28,455,030 24,280,000
OPERATING EXPENDITURES:
Personnel 3,254,832 3,084,394 3,470,982 3,464,040 3,681,043
Supplies 509,344 657,426 780,579 779,018 897,085
Maintenance 1,103,015 1,395,677 1,428,319 1,425,462 1,436,900
Services 12,712,493 13,130,205 14,640,090 14,867,319 13,117,126
Insurance 0 0 0 0 949,877
Debt Service 2,766,491 2,497,634 1,505,044 1,502,034 1,564,244
Capital Outlay 656,097 0 750,500 748,999 228,500
Total Expenditures 21,002,273 20,765,336 22,575,514 22,786,872 21,874,775
TRANSFERS OUT:
Transfer to General Fund - Admin Fee 1,650,769 1,826,307 1,865,743 1,609,234 1,821,000
Transfer to Economic Development Fund 0 2,000,000 0 0 0
Transfer to Capital Equipment Fund 21,424 0 0 0 0
Total Transfers Out 1,672,193 3,826,307 1,865,743 1,609,234 1,821,000
TOTAL EXPENDITURES AND TRANSFERS 22,674,465 24,591,643 24,441,257 24,396,106 23,695,775
SURPLUS / (DEFICIT) 584,263 185,648 640,319 4,058,925 584,225
TRANSFER TO CAPITAL PROJECTS FUND 0 0 5,084,734 5,084,734 0
ENDING WORKING CAPITAL: 8,698,344 8,883,992 4,439,577 7,858,183 8,442,408
FUND BALANCE REQUIREMENT: 3,452,428 3,413,480 3,711,043 3,745,787 3,595,853
* Fund balance requirement is 16% of total net budgeted expenses or 60 days of operation.
The FY 2018-19 projected Ending Working Capital Balance represents 141 days of operation.
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