Page 176 - FY2020Colleyville

DRAINAGE UTILITY FUND SUMMARY

BUDGETED BUDGETED PROJECTED PROJECTED PROJECTED PROJECTED
FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024
TOTAL BEG. WORKING CAPITAL 609,126 810,438 993,102 1,169,669 1,455,983 1,724,064
FUND REVENUES
Drainage Fees 956,760 962,640 968,520 974,400 980,280 986,160
Penalties/Misc 9,568 9,626 9,685 9,744 9,803 9,862
Interest Income 6,120 6,242 6,367 6,495 6,624 6,757
TOTAL OPERATING REVENUES 972,448 978,509 984,572 990,639 996,708 1,002,781
FUND EXPENSES
Drainage Operations 492,690 504,670 522,333 540,615 559,537 579,120
Stormwater Management 118,550 124,488 128,845 133,355 138,022 142,853
IS GIS 21,501 22,368 22,815 23,272 23,737 24,212
Non-Departmental 6,525 6,612 6,843 7,083 7,331 7,587
Compensation Adjustment 6,200 6,200 0 0 0 0
Debt Service 125,670 131,506 127,169 0 0 0
Interfund loan repayment 0 0 0 0 0 0
TOTAL OPERATING EXPENSES 771,136 795,844 808,006 704,324 728,627 753,773
NET REVENUE 201,312 182,665 176,566 286,314 268,082 249,008
ENDING WORKING CAPITAL 810,438 993,102 1,169,669 1,455,983 1,724,064 1,973,072
Required Coverage Ratio
(25% of debt service) 31,418 32,877 31,792 0 0 0
ENDING AVAILABLE WORKING CAPITAL 779,020 960,226 1,137,876 1,455,983 1,724,064 1,973,072

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