Page 63 - Microsoft Word - FY 2021 tax info sheet

Wastewater Services - TRA: FY 2021-22 Budget $4,015,793
% of Fund Expenditures 14.3%

Compared to $ Growth % Growth
FY 2020-21 Budget $389,156 10.7%
FY 2020-21 Projection $288,785 7.7%

Wastewater treatment is the second largest expense within the Water and Wastewater Fund. The city
holds a contract with TRA for wastewater treatment and collection services. TRA Costs for the service are
anticipated to increase by 13.65% both due to growth in the city and actual costs to provide the service.
Increases in this area are charged as a pass-thru and are based upon TRA’s annual budget requirement.

Debt Service: FY 2021-22 Budget $3,252,204
% of Fund Expenditures 11.5%

Compared to $ Growth % Growth
FY 2020-21 Budget $(11,601) (0.4)%
FY 2020-21 Projection $(8,903) (0.3)%

Debt services relates to the debt obligations made to fund water and wastewater system improvements.
For FY 2021-22, the does not anticipate issuing debt.

Transfers: FY 2021-22 Budget $ 1,725,000
% of Fund Expenditures 6.1%
Compared to $ Growth % Growth
FY 2020-21 Budget $(513,905) (23.0)%
FY 2020-21 Projection $(513,905) (23.0)%

Transfers relate to the annual cash funding of capital projects and are moved into project accounts in
capital improvement project (CIP) funds. For FY 2021-22, the Water and Wastewater CIP includes the
Knox tank mixer for $600,000, tank maintenance for $350,000, 2021 SWIFT for $250,000, wastewater
line repair and replacements for $165,000, Shady Hollow Lift Station for $140,000, Sanitary Sewer
Evaluation Study/I&I for $120,000, and water line replacements for $100,000.

Capital Outlay: FY 2021-22 Budget $ 115,000
% of Fund Expenditures 0.4%
Compared to $ Growth % Growth
FY 2020-21 Budget $(171,452) (59.9)%
FY 2020-21 Projection $50,000 76.9%

FY 2021-22 includes capital outlays of $65,000 for concrete repairs, $50,000 for the MSC kitchen
upgrade. FY2020-21 included one-time line repairs for $200,000 which have been removed.

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