Page 304 - Watauga FY21 Budget

Water and Wastewater Fund
Executive Summary

Base Year Year 2 Year 3 Year 4 Year 5
Budget Projected Projected Projected Projected
2020-2021 2021-2022 2022-2023 2023-2024 2024-2025
REVENUES
Total Revenue W&S 9,026,000 9,460,240 9,645,395 10,060,488 10,214,555
Proposed Revenue Increase to cover expenses 5% 2% 4% 2%
EXPENSES
Departmental Expenditures 6,779,927 6,961,776 7,123,306 7,289,244 7,333,571
Salary Package - 56,650 58,350 60,100 61,903
Transfers 60,000 60,000 60,000 60,000 60,000
G&A/Franchise Fee 430,000 470,012 479,240 499,964 507,637
Debt Service 1,599,000 1,861,350 1,862,951 2,143,813 2,141,357
Non-Department - One Time - - - - -
Total Expenses 8,868,927 9,409,788 9,583,846 10,053,121 10,104,468

Proposed Supplemental $ - $ - $ - $ - $ -
Proposed Capital $ 89,000 $ 37,000 $ - $ 50,000 $ 50,000

STAFFING VARIABLE
Full-time Positions 20.75 22.75 22.75 22.75 22.75
Part-time Positions 0.00 0.00 0.00 0.00 0.00

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