Page 58 - Manfield FY21 Budget

Utility Fund Strategic Plan Summary

2021 2022 2023 2024 2025
Projected Projected Projected Projected Projected
REVENUE DESCRIPTION:
Water Sales $ 18,154,656 $ 18,695,059 $ 19,133,430 $ 19,594,515 $ 20,066,977
Sewer Sales 12,571,745 13,285,772 13,918,678 14,421,764 14,939,203
Wholesale 2,709,923 2,737,022 2,764,392 2,792,036 2,819,957
Other fees 1,063,873 1,543,263 1,608,856 1,676,374 1,755,239
Impact Fees 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000
Interest Income 24,000 24,000 205,000 205,000 205,000
TOTAL REVENUE: $ 36,024,197 $ 37,785,116 $ 39,130,357 $ 40,189,689 $ 41,286,376
EXPENSE DESCRIPTION:
Administration: 1,590,717 1,481,907 1,533,161 1,585,793 1,639,843
Billing and Collection: 969,006 1,035,075 1,064,404 1,094,578 1,125,922
Meter Reading and Repair: 1,126,045 1,137,253 1,169,779 1,203,248 1,237,689
Water & Distribution: 917,633 1,161,044 1,192,428 1,224,685 1,257,838
Waste Water Collection: 8,683,160 8,848,868 9,256,519 9,806,301 10,297,716
Water Quality Control: 10,085,210 10,078,087 10,475,300 10,972,141 11,451,121
Other 3,880,608 1,431,498 1,451,606 1,472,299 1,493,594
TOTAL OPERATING EXP: 27,252,379 25,173,732 26,143,197 27,359,045 28,503,723
OPERATING REVENUE: 8,771,818 12,611,384 12,987,160 12,830,644 12,782,653
OTHER EXPENSES:
Transfers 2,535,947 2,662,744 2,795,882 2,935,676 3,082,459
Debt Service 4,735,871 4,735,871 4,731,871 4,206,033 3,972,708
TOTAL OTHER OPERATING: 7,271,818 7,398,615 7,527,753 7,141,709 7,055,167

NET OPERATING ACTIVITY: $ 1,500,000 $ 5,212,769 $ 5,459,407 $ 5,688,935 $ 5,727,486
COVERAGE FACTOR:
Annual Debt Service 1.32 2.10 2.15 2.35 2.44
Maximum Annual Require 1.85 2.66 2.74 3.05 3.22
Average Annual Require 3.26 4.93 5.40 5.77 6.21

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