Page 207 - Watauga FY21 Budget

PROPRIETARY FUNDS
WATER SEWER UTILITY BUDGET SUMMARY - FUND 40

HISTORY CURRENT YEAR BUDGET
2018-2019 2019-2020 2019-2020 2020-2021
Actual Budget Projected Budget

Retained Earnings, October 1 $ 1,988,995 $ 1,406,087 $ 1,260,072 $ 1,314,081
Revenues:
Water Sales 4,321,524 4,745,000 4,645,000 4,745,000
Sewer Sales 3,520,605 3,825,000 3,725,000 3,780,000
Penalty Revenue 166,925 205,000 155,000 205,000
Other Revenue 13,864 14,000 15,000 14,000
Water Taps 1,500 0 0 0
Sewer Taps 100 0 0 0
Service Charges 39,090 40,000 45,000 65,000
EPA Revenues 157,258 157,000 157,000 157,000
Water Inspection Fees 1,263 0 0 0
Sewer Inspection Fees 803 0 0 0
Interest Income 37,218 50,000 30,000 30,000
Operating Revenues $ 8,260,150 $ 9,036,000 $ 8,772,000 $ 8,996,000

Operating Transfers-In:
Transfers In JUF - Other 0 30,000 30,000 30,000

Total Available Resources $ 10,249,145 $ 10,472,087 $ 10,062,072 $ 10,340,081
Expenditures:
Administration 267,787 152,850 152,650 153,750
Non-Departmental 697,181 684,830 661,480 706,830
Billing & Collections 489,220 526,700 518,009 524,860
Information Technology 74,192 78,050 80,774 95,080
Water Distribution 2,914,007 2,749,200 2,814,420 2,860,390
Wastewater Collection 2,610,181 2,531,950 2,430,658 2,439,017
Total Operating Expenditures 7,052,568 6,723,580 6,657,991 6,779,927

Operating Transfers-Out
To General Fund 406,486 430,000 430,000 430,000
To Joint Use Facility Fund 48,519 60,000 60,000 60,000
To CO Debt Service 1,275,000 1,600,000 1,600,000 1,599,000
To Revenue Bond Debt Service 0 0 0 0
To Water/Wastewater Construction 140,000 0 0 0
Total Operating Transfers-Out 1,870,005 2,090,000 2,090,000 2,089,000

Operating Surplus/(Deficit) $ (662,423) 252,420 54,009 157,073

Transfers to Sustainability Funds
To Equipment Repl. - Current Year 66,500 0 0 89,000
Total Transfers to Sustainability Funds 66,500 0 0 89,000

Net Income Before Transfers 1,207,582 2,342,420 2,144,009 2,246,073

TOTAL OPERATING & TRANSFERS $ 8,989,073 $ 8,813,580 $ 8,747,991 $ 8,957,927
Retained Earnings, September 30 $ 1,260,072 $1,658,507 $1,314,081 $1,382,154

CHANGE IN NET ASSETS ($728,923) $252,420 $54,009 $68,073
% OF EXPENDITURES 13% 19% 15% 14%

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