Page 65 - Mansfield 2019 Operating Budget

Utility Fund Strategic Plan Summary

2019 2020 2021 2022 2023
Budgeted Projected Projected Projected Projected
REVENUE DESCRIPTION
Water Sales $ 17,118,477 $ 17,441,646 $ 17,829,868 $ 18,249,126 $ 18,690,272
Sewer Sales 12,529,563 12,582,464 12,984,653 13,609,665 14,105,063
Wholesale 2,490,097 2,514,998 2,540,148 2,565,549 2,591,205
Other Fees 1,187,085 1,474,200 1,543,263 1,608,856 1,676,374
Impact Fees 1,100,000 1,500,000 1,500,000 1,500,000 1,500,000
Interest Income 24,000 205,000 205,000 205,000 205,000
TOTAL REVENUE: 34,449,222 35,718,308 36,602,932 37,738,197 38,767,913

EXPENDITURES
Administration 1,188,181 1,222,289 1,257,390 1,293,513 1,330,687
Billing & Collections 926,274 950,928 976,258 1,002,284 1,029,026
Meter Reading & Repair 1,036,525 1,066,076 1,096,484 1,127,772 1,159,967
Water Distribution 885,399 911,416 938,204 965,783 994,179
Waste Water Collection 8,823,510 8,845,855 9,427,737 9,970,719 10,510,442
Water Quality Control 9,066,289 9,076,102 9,460,629 9,899,329 10,368,210
Other 1,294,952 1,359,700 1,427,685 1,499,069 1,574,022
Capital
TOTAL OPERATING EXP: 23,221,130 23,432,365 24,584,387 25,758,469 26,966,533

OPERATING REVENUE 11,228,092 12,285,943 12,018,545 11,979,728 11,801,380

OTHER EXPENSES
Transfers 1,667,461 1,750,834 1,838,376 1,930,295 2,026,809
Debt Service 5,586,534 4,734,833 4,735,871 4,731,871 4,206,033
TOTAL OTHER OPERATING: 7,253,995 6,485,667 6,574,247 6,662,166 6,232,842
NET OPERATING ACTIVITY: $ 3,974,098 $ 5,800,276 $ 5,444,299 $ 5,317,562 $ 5,568,538

COVERAGE FACTOR:
Annual Debt Service 1.74 2.23 2.15 2.12 2.32
Maximum Annual Require 2.04 2.54 2.48 2.48 2.44
Average Annual Require 3.23 3.61 3.62 3.73 3.81

63