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BUDGET OVERVIEW

Drainage Utility Fund

FY 17/18 Adopted FY 17/18 Revised FY 18/19 Adopted

Revenue $1,190,524 $1,340,858 $1,649,755
Expenditures $1,190,524 $1,340,858 $1,649,755
Balance $0 $0 $0

FY 2017/2018 Revised Budget

This fund accounts for the monthly fees charged to residents and businesses to pay for the
cost of storm drainage improvements throughout the City. Revenues are either transferred
to the Debt Service Fund to pay for principal and interest on bonds approved for drainage
improvements or used to fund drainage capital projects. Revised revenues and expenditures
are expected to increase by $150,334 over the adopted budget. This change in expenditures
is primarily due to $150,000 related to the Snow Heights Drainage Improvements Project
(DR1801).

FY 2018/2019 Adopted Budget

Adopted revenues and expenditures are expected to increase by $459,231 from the FY
2017/2018 Adopted Budget. The bulk of the increase in revenues is from a rate increase
included in the Adopted Budget, which will increase the average rate drainage fee rate of $3.00
to $5.50. The Drainage Fee rate increase is necessary to support significant infrastructure
needs identified in the long range plan. Major expenditures in this account include $261,139 in
debt service, which is a decrease of $101,535 from the FY 2017/2018 Adopted Budget. Also
included in the Adopted budget is $230,000 to be transferred to capital projects. The following
projects will be funded by this transfer - Emerald Circle Drainage Project (DR1901) for $130,000
and the Street Drainage Improvement Projects (DR1902) for $100,000. $1,128,616 will be
added to the funds reserves.

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