Page 64 - Mansfieldr FY20 Approved Budget

Utility Fund Strategic Plan Summary

2020 2021 2022 2023 2024
Budgeted Projected Projected Projected Projected
REVENUE DESCRIPTION:
Water Sales $ 17,912,179 $ 18,289,509 $ 18,695,059 $ 19,133,430 $ 19,594,515
Sewer Sales 12,571,745 12,876,517 13,285,772 13,918,678 14,421,764
Wholesale 2,535,715 2,561,072 2,586,683 2,612,550 2,638,675
Other fees 1,213,084 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 205,000 205,000 205,000 205,000 205,000
TOTAL REVENUE: $ 35,537,723 $ 36,906,299 $ 37,815,777 $ 38,978,514 $ 40,036,328
EXPENSE DESCRIPTION:
Administration: 1,383,389 1,431,995 1,481,907 1,533,161 1,585,793
Billing and Collection: 978,859 1,006,568 1,035,075 1,064,404 1,094,578
Meter Reading and Repair: 1,074,927 1,105,645 1,137,253 1,169,779 1,203,248
Water & Distribution: 1,100,798 1,130,509 1,161,044 1,192,428 1,224,685
Waste Water Collection: 8,296,657 8,373,963 8,848,868 9,256,519 9,806,301
Water Quality Control: 9,646,254 9,667,256 10,078,087 10,475,300 10,972,141
Other 1,392,971 1,411,959 1,431,498 1,451,606 1,472,299
TOTAL OPERATING EXP: 23,873,855 24,127,895 25,173,732 26,143,197 27,359,045
OPERATING REVENUE: 11,663,868 12,778,404 12,642,045 12,835,317 12,677,283
OTHER EXPENSES:
Transfers 1,667,461 1,750,834 1,838,376 1,930,295 2,026,809
Debt Service 4,734,833 4,735,871 4,731,871 4,206,033 3,972,708
TOTAL OTHER OPERATING: 6,402,294 6,486,705 6,570,247 6,136,328 5,999,517

NET OPERATING ACTIVITY: $ 5,261,574 $ 6,291,699 $ 6,071,798 $ 6,698,989 $ 6,677,765
COVERAGE FACTOR:
Annual Debt Service 2.11 2.33 2.28 2.59 2.68
Maximum Annual Require 2.46 2.70 2.67 3.05 3.19
Average Annual Require 4.46 5.15 5.42 5.94 6.33

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