Page 56 - NRH FY20 Approved Budget

BUDGET OVERVIEW

Drainage Utility Fund

FY 18/19 Adopted FY 18/19 Revised FY 19/20 Adopted

Revenue $1,649,755 $920,000 $1,657,000
Expenditures $1,649,755 $920,000 $1,657,000
Balance $0 $0 $0

FY 2018/2019 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 are expected to
decrease by $729,755. Staff anticipated implementing increased fees during the current fiscal
year, but preparing the fees and gathering the data as required by State law took longer than
anticipated. As a result, the fee increase was not implemented.

FY 2019/2020 Adopted Budget

Revenues are expected to remain flat related to the FY 2018/2019 Adopted Budget. Adoption of
the planned fee increase will allow for implementation of the increased fees on October 1.
Expenditures are projected to be $1,657,000. Capital Improvement Projects (CIP) will increase
by $345,000 to cover flood studies for Big Fossil Creek and Mackey Creek as well as drainage
improvements at Snow Heights and other areas around the city. These funds will be
transferred to Capital Projects out of the Drainage Utility Fund. $773,401 is planned to be
contributed to the fund’s reserves for future capital project needs.

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