Page 58 - City of Mansfield FY22 Operarting Budget

Utility Fund Strategic Plan Summary

2023
2024
2022
2026
2025
Utility Fund Budgeted Projected Projected Projected Projected
REVENUE DESCRIPTION:
Water Sales $ 18,695,059 $ 19,133,430 $ 19,594,515 $ 20,066,977 $ 20,542,251
Sewer Sales 13,519,835 14,195,827 14,905,618 15,650,899 16,433,444
Wholesale 2,737,022 2,764,392 2,792,036 2,819,957 2,848,156
Other fees 1,653,058 1,669,589 1,686,284 1,703,147 1,720,179
Impact Fees 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000
Interest Income 24,000 24,000 24,000 24,000 24,000
TOTAL REVENUE: $ 38,128,974 $ 39,287,238 $ 40,502,454 $ 41,764,980 $ 43,068,030

EXPENSE DESCRIPTION:
Administration: 1,517,105 1,533,161 1,585,793 1,639,843 1,695,349
Billing and Collection: 986,221 1,064,404 1,094,578 1,125,922 1,157,561
Meter Reading and Repair: 1,216,799 1,277,639 1,341,521 1,408,597 1,479,027
Water & Distribution: 1,137,244 1,192,428 1,224,685 1,257,838 1,291,915
Waste Water Collection: 9,251,077 9,713,631 10,199,312 10,709,278 11,244,742
Water Quality Control: 10,591,924 11,121,520 11,677,596 12,261,476 12,874,550
Other 4,587,955 4,817,353 5,058,221 5,311,132 5,576,688
TOTAL OPERATING EXP: 29,288,325 30,720,136 32,181,706 33,714,086 35,319,832

OPERATING REVENUE: 8,840,649 8,567,102 8,320,748 8,050,894 7,748,198
OTHER EXPENSES:
Transfers 2,518,561 2,644,489 2,776,714 2,915,549 3,061,327
Debt Service 4,595,888 4,071,250 3,841,100 3,607,250 3,607,250
TOTAL OTHER OPERATING: 7,114,449 6,715,739 6,617,814 6,522,799 6,668,577

NET OPERATING ACTIVITY: $ 1,726,200 $ 1,851,363 $ 1,702,934 $ 1,528,095 $ 1,079,622

COVERAGE FACTOR:
Annual Debt Service 1.38 1.45 1.44 1.42 1.30
Maximum Annual Require 1.87 1.86 2.04 2.10 2.15
Average Annual Require 3.49 3.60 3.77 3.92 4.10

58