Page 79 - Microsoft Word - FY 2021 tax info sheet

FY 2021‐22 Five‐Year Operating Fund Outlook

Water & Wastewater Fund

FY 2022‐23 FY 2023‐24 FY 2024‐25 FY 2025‐26 FY 2026‐27

Revenues
Water Sales 20,054,423 20,650,233 21,239,437 21,660,660 22,098,732
Sewer Sales 8,491,930 8,856,580 9,238,763 9,639,400 10,059,466
Charges for Service 400,961 411,866 423,098 434,666 446,582
Intragovernmental 134,230 138,256 142,404 146,676 151,077
Intergovernmental 32,529 32,529 32,529 32,529 32,529
Other Revenue 21,448 21,837 22,237 22,650 23,074
Total Revenue $29,135,520 $30,111,301 $31,098,468 $31,936,582 $32,811,460

Expenditures
Personnel services 3,669,500 3,779,585 3,892,972 4,009,761 4,130,054
Operations & 1,262,974 1,300,863 1,339,889 1,380,085 1,421,488
maintenance
Services & other 5,045,074 5,196,426 5,352,319 5,512,889 5,678,275
Wholesale Water 9,745,104 10,134,908 10,540,304 10,961,916 11,400,393
TRA Payment 4,136,267 4,301,717 4,473,786 4,652,738 4,838,847
Debt service 4,037,793 4,438,358 3,613,501 4,019,439 3,708,963
Transfers to other 1,650,000 1,150,000 900,000 650,000 900,000
funds
Capital outlay 118,450 122,004 125,664 129,434 133,317
Total Expenditures $29,665,161 $30,423,861 $30,238,435 $31,316,262 $32,211,337

Variance ($529,640) ($312,560) $860,033 $620,320 $600,123

Five‐Year Outlook Notes:

 The city uses a “normalized year” revenue technique to determine the rate structure needed to cover
operational, debt and capital costs, and the rate structure is adopted annually with the budget.
 In order to mitigate the negative variances in FY 2022‐23 and FY 2023‐24, the City will either delay funding
of projects, delay debt issuances, use fund balance above minimum policy, revisit the rate structure, or a
combination of the options. When the budget is adopted, it will include an operationally balanced budget.
 FY 2022‐23 includes the third of three issuances of SWIFT debt of $4,060,000 for water line replacement
and has an estimated annual debt payment of $292,667. The City will providing one‐time funding of
$500,000 to the project as part of a cost‐match requirement.
 FY 2022‐23 also includes the issuance of $11,100,000 for wastewater projects which are outlined in the five‐
year CIP and has an estimated annual debt payment of $781,008.
 FY 2023‐24 includes the issuance of $5,700,000 for water line improvement projects which are outlined in
the five‐year CIP and has an estimated annual debt payment of $401,058.
 FY 2025‐26 includes the issuance of $4,500,000 for Pearson Pump Station rehabilitation and has an
estimated annual debt payment of $397,692.
 Transfers to other funds relate to capital maintenance programs such as line repairs/replacements, tank
maintenance, utility relocations, etc. and are included in the five‐year CIP.

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