Page 81 - Microsoft Word - FY 2021 tax info sheet

FY 2021‐22 Five‐Year Operating Fund Outlook

Drainage Utility Fund

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

Revenues
Drainage Utility 1,432,375 1,432,375 1,432,375 1,432,375 1,432,375
Fees
Charges for Service 600 619 637 656 676
Other Revenue 16,687 17,188 17,703 18,234 18,781
Total Revenue $1,449,663 $1,450,181 $1,450,715 $1,451,266 $1,451,832

Expenditures
Personnel Services 691,637 715,844 740,899 766,830 793,669
Operations & 152,388 155,436 158,544 161,715 164,950
Maintenance
Services & Other 297,919 303,877 309,954 316,154 322,477
Future Anticipated 325,000 ‐ ‐ ‐ ‐
needs
Total Expenditures $1,466,943 $1,175,157 $1,209,397 $1,244,699 $1,281,095

Variance $(17,281) $275,025 $241,318 $206,567 $170,737

Five‐Year Outlook Notes:

 The Drainage Utility fee is a flat fee of $7 per month placed on residential utility bills. While the fee is
adopted annually, there are no plans at this time to increase the fee. As a result, any growth would come
from future development. Additionally, the fund will always have an operationally balanced budget and
meet any fund balance requirements as required by city financial policies.
 One‐time CIP project transfers of $325,000 in FY 2022‐23 for the Bear Creek Culvert project.
 Beginning in FY 2023‐24, the Drainage Utility Fund will focus on maintenance programs and funding for
capital drainage needs will be included with street projects when possible.

79