Page 58 - Pantego Adopted Budget FY21

WATER AND SEWER FUND

The Water and Sewer enterprise fund receives all revenue through monthly
customer billings. Expenses of the Water and Sewer fund include all

activities necessary to provide water and wastewater service to the
residents of Pantego. The Water and Sewer Fund is divided into three (3)

separate funds.

Water and Sewer Operating Fund – This fund is the general
operating fund for the Water and Sewer Fund. All operating revenues

for the sale of water and sewer charges are recognized in this fund.
Payments are made from this for the general operation and
maintenance of the Town’s water and sewer systems. This fund is

divided into two (2) departments: Water Department and Sewer
Department.

Sewer Construction Fund – The purpose of this fund is to account

for transfers from the Water and Sewer Operating Fund to be used
for general or emergency repairs and sewer projects not identified or

funded by the Water Infrastructure Fund.

Water Infrastructure Fund – This fund was created in Fiscal Year
2011-2012 by the Town Council based on the advice of the Town’s

Water and Sewer Ad-hoc Committee. The objective of the fund is to
generate revenue from water customers by applying a specific charge
based on water consumption and use it to pay for water improvement

projects.