Page 185 - Colleyville FY21 Budget

DRAINAGE UTILITY FUND SUMMARY

BUDGETED BUDGETED PROJECTED PROJECTED PROJECTED PROJECTED
FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
TOTAL BEG. WORKING CAPITAL 718,286 900,951 1,069,258 1,366,349 1,651,049 1,922,704
FUND REVENUES
Drainage Fees 962,640 962,640 972,266 981,989 991,809 1,001,727
Penalties/Misc 9,626 9,626 9,722 9,819 9,918 10,017
Interest Income 6,242 6,242 6,304 6,367 6,431 6,495
TOTAL OPERATING REVENUES 978,509 978,509 988,293 998,177 1,008,160 1,018,241
FUND EXPENSES
Drainage Operations 504,670 505,457 507,421 524,422 542,160 559,412
Stormwater Management 124,488 147,233 152,369 156,780 161,222 165,424
IS GIS 22,368 23,731 24,601 25,261 25,896 26,454
Non-Departmental 6,612 6,612 6,810 7,015 7,225 7,442
Compensation Adjustment 6,200 0 0 0 0 0
Debt Service 131,506 127,169 0 0 0 0
Interfund loan repayment 0 0 0 0 0 0
TOTAL OPERATING EXPENSES 795,844 810,202 691,202 713,478 736,504 758,731
NET REVENUE 182,665 168,307 297,091 284,699 271,656 259,510
ENDING WORKING CAPITAL 900,951 1,069,258 1,366,349 1,651,049 1,922,704 2,182,214
Required Coverage Ratio
(25% of debt service) 32,877 31,792 0 0 0 0
ENDING AVAILABLE WORKING CAPITAL 868,074 1,037,466 1,366,349 1,651,049 1,922,704 2,182,214

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