Page 290 - Southlake FY20 Budget

Utility Fund Expenditures
UTILITY FUND

2020 Proposed and 2019 Revised Budget
Utility Fund 11:16 AM
08/13/19
$ Increase/ $ Increase/
2018 2019 2019 (Decrease) % Increase/ 2020 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Miscellaneous $39,990 $110,000 $124,500 $14,500 0.0% $124,500 $14,500 0.0%
Interest Income 104,498 50,000 240,000 190,000 380.0% 228,000 178,000 356.0%
Water Sales-residential 16,915,711 16,000,000 14,792,387 (1,207,613) -7.5% 15,573,702 (426,298) -2.7%
Water Sales-commercial 4,758,509 5,380,000 4,172,212 (1,207,788) -22.4% 4,392,583 (987,417) -18.4%
Sewer Sales 8,009,755 7,700,000 7,700,000 0 0.0% 7,900,000 200,000 2.6%
Sanitation Sales 1,945,512 1,918,600 1,965,400 46,800 2.4% 1,970,000 51,400 2.7%
Other utility charges 564,050 440,400 478,800 38,400 8.7% 456,800 16,400 3.7%
Total Revenues $32,338,025 $31,599,000 $29,473,299 ($2,125,701) -6.7% $30,645,585 ($953,415) -3.0%

EXPENSES
Debt Service 6,311,010 5,181,074 5,181,074 0 0.0% 4,307,673 (873,401) -16.9%
Utility Billing 479,498 590,461 562,461 (28,000) -4.7% 607,701 17,240 2.9%
Water 13,507,165 14,226,653 14,226,653 0 0.0% 13,605,710 (620,943) -4.4%
Wastewater 5,614,601 6,501,272 5,949,757 (551,515) -8.5% 6,325,592 (175,680) -2.7%
Sanitation 1,387,903 1,415,700 1,674,500 258,800 18.3% 1,674,996 259,296 18.3%
Total Expenses $27,300,177 $27,915,160 $27,594,445 ($320,715) -1.1% $26,521,672 ($1,393,488) -5.0%

Net Revenues $5,037,848 $3,683,840 $1,878,854 ($1,804,986) $4,123,913 $440,073

Transfers In $0 $0 $0 $0
Transfers Out (915,116) (1,263,960) (1,178,932) (1,225,823)
Total Other Sources (Uses) ($915,116) ($1,263,960) ($1,178,932) ($1,225,823)

Beginning working capital $3,238,881 $7,361,613 $7,361,613 $8,061,535
Ending fund balance $7,361,613 $9,781,493 $8,061,535 $10,959,625
No. of days working capital 98 128 107 151

FY 2020 Highlights:

• The Utility Fund revenues are projected at $30,645,585 for a decrease of $953,415. This is a 3.0% decrease when
compared with the FY 2019 Adopted Budget.

• Personnel: The Utility Fund includes resources needed to manage and operate the City’s utility system. This fund
will cover its portion of employee pay adjustments and the increases in benefit costs as described in the General
Fund portion of the Transmittal Letter.

• Other expenditures: Funding has been requested for equipment and facility improvements including the addition
of safety improvements at five lift stations ($29,000), annual meter replacement ($298,040), replacement booster
pump control valves ($60,000), and funding for the fats, oils, and grease program ($10,080).

• The FY 2020 Proposed Utility Fund budget provides 151 days of working capital. This exceeds the City’s fund
balance policy for the Utility Fund, which states that the “…goal shall be to maintain a fund balance of 60 days of
working capital in the Utility Fund…with the optimum goal of 90 days of working capital.”

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