Page 59 - Watauga FY21 Budget

BUDGET OVERVIEW

The City of Watauga is 96% built out, therefore, the number of utility customers
has not increased in the past several years. The following chart shows the City
historical trend for utility accounts on which many of the proprietary revenue fees
are based or calculated:

EPA Revenue - Adopted by Ordinance 1026 on August 28, 2000 (amending
Ordinance 829) to establish an Environmental Protection Agency (EPA) sewer
surcharge of $1.61 per month for each wastewater connection. Projections are
based on the number of active accounts and rate changes. This revenue source
is 2% of the Water and Sewer Fund revenue stream.

Storm Drain Utility Fee – A $11 fee per month per residential utility account was
adopted through Code of Ordinances, Appendix A, Section 10.1100, to enhance
drainage of properties within the City. Commercial accounts are charged a
uniform rate, but the amount charged is based on impervious area. This fee is
billed and collected through the Utility Billing Office and is 99.8% of the Storm
Drain Utility Fund revenues. Projections are based on the number of active
accounts and rate changes. The last fee review was conducted in FY2017-18
resulting in the fee being reduced from $12.00 per month per residential utility
account to $11.00 per residential utility account.

Miscellaneous revenue - Includes interest earned on the investment of each
fund’s cash, proceeds from the sale of surplus property from that fund, tap and
inspection fees, service fees, impact fees, and other various revenues.

Transfers In – Moneys transferred from another fund for specific projects or
obligations.
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