Page 74 - Pantego Adopted Budget FY21

TOWN OF PANTEGO - ENTERPRISE FUND
WATER INFRASTRUCTURE FUND (750)
STATEMENT OF REVENUES AND EXPENSES

2019-2020 2019-2020 2020-2021
2017-2018 2018-2019 ADOPTED Y-T-D 2019-2020 PROPOSED
DESCRIPTION ACTUAL ACTUAL BUDGET 6/30/2020 YE ESTIMATE BUDGET
ESTIMATED BEGINNING NET POSITION $ 640,524 $ 383,786 $ 417,468 $ 417,468 $ 417,468 $ 481,535

REVENUES
104.00 Infrastructure Fees $ 317,240 $ 341,438 $ 315,000 $ 233,965 $ 315,000 $ 315,000
415.01 Penalties 3,882 3,519 3,500 1,957 1,957 3,500

901.00 Interest Revenue 9,215 8,319 8,000 4,149 4,810 2,643
TOTAL REVENUES $ 330,337 $ 353,276 $ 326,500 $ 240,070 $ 321,767 $ 321,143
EXPENSES
Capital Outlay
476.00 Valves/Hydrants/Extensions $ - $ - $ 50,000 $ - $ 35,000 $ 50,000

477.10 Wagon Wheel Water Line - - - -
477.40 Well Maintenance Program - - -
477.50 303 Pump Station Cossover - - - -
477.60 N Pioneer Pkwy Water Main - - - -
477.70 Emergency Interconnect 34,850 4,421 112,879 8,761 182,000 -

477.80 Transition Study 15,263 25,438 40,700 -
480.00 Asset Purchases - - - -
477.90 2020 Water Rate Study 26,000
750.20 Pioneer Pkwy Water Line - -
750.30 Well Monitoring Program -
750.40 Nora Paluxy Well Rehab -
750.41 Lane Paluxy Well Rehab 37,130 -
750.42 Pipe Bursting Engineering 20,060 740 - -

750.43 Pipe Bursting Construction 159,307 -
750.44 Lane Trinity Well #4 243,638 -
750.45 303 Well Repair 52,207
750.46 West Stolper Well #2
750.50 Automatic Meter Reading 288,805 23,376 - -
750.60 Lift Station Emergency Repair 27,150
750.90 Park Row Water Line - - - -
TOTAL EXPENSES $ 587,353 $ 319,594 $ 162,879 $ 34,199 $ 257,700 $ 76,000

OTHER USES
Transfers Out $ - $ - $ - $ - $ - $ 142,433
TOTAL EXPENDITURES AND OTHER USES $ 587,353 $ 319,594 $ 162,879 $ 34,199 $ 257,700 $ 218,433

ESTIMATED CHANGE IN NET POSITION $ (257,016) $ 33,682 $ 163,621 $ 205,872 $ 64,067 $ 102,710

Cummulative Audit Adjustments 279
ESTIMATED ENDING NET POSITION $ 383,786 $ 417,468 $ 581,090 $ 623,340 $ 481,535 $ 584,245