Page 52 - N. Richland Hills General Budget

BUDGET OVERVIEW

Drainage Utility Fund

FY 19/20 Adopted FY 19/20 Revised FY 20/21 Adopted

Revenue $1,657,000 $1,657,000 $1,651,700
Expenditures $1,657,000 $1,657,000 $1,651,700

Balance $0 $0 $0

FY 2019/2020 Revised Budget

This fund accounts for the receipt and use of the monthly fee charged to residents and
businesses to pay for cost of maintenance and improvements to the City’s storm drainage
infrastructure. Revised revenues are expected to be flat with the FY 2019/2020 Adopted
Budget. In expenditures a decrease of ($30,418) is anticipated in annual Debt Service. The
Revised Budget projects a remaining positive balance of $30,418 that will be added to the funds
reserves.

FY 2020/2021 Adopted Budget

FY 2020/2021 revenues total $1,651,700 which is a decrease of ($5,300) from the FY
2019/2020 Adopted Budget. This decrease is due to a drop in anticipated interest income
payments based on the anticipated performance of City investments in FY 2020/2021.

2020/2021 expenses total $1,651,700. The adopted budget includes an increase of
$119,583 for the addition of two full-time drainage crew employees that were shifted from
the General Fund into the Drainage Utility Fund. These employees are responsible for the
maintenance of the City’s drainage system and have historically been funded in the Streets
division within the General Fund. This shift will allow this program to be funded by the
Drainage Utility Fee, which is in place for the maintenance, repair, and improvement of
the City’s drainage system. Additional changes include a reduction in the anticipated debt
service payment in FY 2020/2021 from the adopted budget and a planned contribution to
reserves. The FY 2020/2021 budget includes funding for three capital projects,
(DR2103) Channel Cleaning / Street Drainage Improvements, (DR2102) Concrete
Line Channel Rehabilitation Project, and (DR2101) Street Drainage Improvements
Project.

52