Page 75 - Keller FY20 Approved Budget
P. 75

Water & Wastewater Fund

                                     FY 2020-21     FY 2021-22     FY 2022-23     FY 2023-24     FY 2024-25

                                                          Revenues
                 Water Sales &         18,864,415     19,422,569     19,999,121    20,593,137     21,208,449
                 Services
                 Sewer Sales &          8,836,697      8,998,863      9,164,864      9,334,806     9,508,796
                 Services
                 Charges for              449,789       458,785        467,961        477,320        486,867
                 Service
                 Intragovernmental        135,538       138,248        141,013        143,834        146,710
                 Intergovernmental         60,505         61,715        62,950         64,209         65,493
                 Other Revenue             53,827         54,904        56,002         57,122         58,265
                 Total Revenue        $28,400,771    $29,135,085    $29,891,911    $30,670,427    $31,474,579

                                                        Expenditures
                 Personnel services     3,421,588      3,524,236      3,629,963      3,738,861      3,851,027
                 Operations &           1,424,795      1,467,539      1,511,565      1,556,912      1,603,619
                 maintenance
                 Services & other       5,142,253      5,296,521      5,455,417      5,619,079      5,787,651
                 Wholesale Water        8,959,184      9,317,551      9,690,253     10,077,864     10,480,978
                 TRA Payment-           3,667,891      3,777,927      3,891,265      4,008,003      4,128,243
                 Wastewater
                 Debt service           3,267,132      3,282,534      2,997,392      3,305,813      2,475,625
                 Transfers to other     1,320,000      1,225,000      1,220,000      1,100,000      1,100,000
                 funds
                 Capital outlay           242,050       249,312        256,791        264,495        272,429
                 Total                $27,444,893     $28,140,619     $28,652,646     $29,671,027     $29,699,574
                 Expenditures

                     Variance           $955,878       $994,465      $1,239,265      $999,400     $1,775,005

               Five-Year Outlook Notes:

                 The city uses a “normalized year” revenue technique to determine the rate structure needed to cover
                   operational, debt and capital costs, which is updated annually. Rates for water and wastewater are adopted
                   annually as part of the budget process.
                 FY 2020-21 includes the second of three issuances of State Water Implementation Fund for Texas (SWIFT)
                   debt for water line replacement and has an estimated annual debt payment of $294,155.
                 FY 2023-24 includes the third of three issuances of SWIFT debt for water line replacement and has an
                   estimated annual debt payment of $293,916.
                 Transfers to other funds relate to capital maintenance programs such as line repairs/replacements, tank
                   maintenance, utility relocations, etc. and are included in the five-year CIP.
                 While the fund variance is positive in later years, the city is currently working on several Master Plan updates
                   that will help identify capital maintenance and project needs. The variance shows the estimated cash
                   funding and/or debt capacity available for the capital maintenance and project needs.


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