Page 258 - City of Watauga FY22 Adopted Budget

PROPRIETARY FUNDS

WATER SEWER UTILITY BUDGET SUMMARY - FUND 40

NO INCREASE IN
HISTORY CURRENT YEAR RATES INCREASE IN RATES INCREASE IN RATES
2019-2020 2020-2021 2020-2021 2021-2022 2021-2022 2022-2023
Actual Budget Projected Budget Budget Forecast

Retained Earnings, October 1 $ 1,260,072 $ 1,314,081 $ 1,571,504 $ 1,923,296 $ 1,923,296 $1,980,314
Revenues:
Water Sales 4,779,606 4,745,000 4,645,000 4,723,202 4,864,898 5,010,845
Sewer Sales 3,749,323 3,780,000 3,750,000 3,750,000 3,975,000 4,213,500
Penalty Revenue 128,484 205,000 165,000 175,000 175,000 175,000
Other Revenue 14,500 14,000 18,000 35,000 35,000 35,000
Water Taps 3,016 0 2,000 0 0 0
Sewer Taps 250 0 150 0 0 0
Service Charges 71,970 65,000 75,000 65,000 65,000 70,000
EPA Revenues 160,049 157,000 157,000 160,000 160,000 160,000
Water Inspection Fees 0 0 0 0 0 0
Sewer Inspection Fees 0 0 0 0 0 0
Interest Income 9,145 30,000 10,000 5,000 5,000 5,000
Operating Revenues $ 8,916,342 $ 8,996,000 $ 8,822,150 $ 8,913,202 $ 9,279,898 $ 9,669,345
Operating Transfers-In:
Transfers In JUF - Other 26,677 30,000 10,700 0 0 10,000
Total Available Resources $ 10,203,091 $ 10,340,081 $ 10,404,354 $ 10,836,498 $ 11,203,194 $ 11,659,659
Expenditures:
Administration 154,327 153,750 152,320 157,800 157,800 160,150
Non-Departmental 704,865 706,830 706,830 702,180 702,180 655,100
Billing & Collections 517,607 524,860 508,030 535,160 535,160 545,460
Information Technology 79,734 95,080 93,780 106,190 106,190 106,232
Water Distribution 2,721,419 2,860,390 2,687,698 2,812,415 2,812,415 2,836,915
Wastewater Collection 2,367,821 2,439,017 2,161,400 2,439,135 2,439,135 2,529,214
Total Operating Expenditures 6,545,773 6,779,927 6,310,058 6,752,880 6,752,880 6,833,071

Operating Transfers-Out
To General Fund 430,000 430,000 430,000 430,000 430,000 440,000
To Joint Use Facility Fund 55,814 60,000 53,000 60,000 60,000 60,000
To CO Debt Service 1,600,000 1,599,000 1,599,000 1,760,000 1,760,000 2,060,000
To Revenue Bond Debt Service 0 0 0 0 0 0
To Water/Wastewater Construction 0 0 0 140,000 140,000 140,000
Total Operating Transfers-Out 2,085,814 2,089,000 2,082,000 2,390,000 2,390,000 2,700,000

Operating Surplus/(Deficit) $ 311,432 157,073 440,792 (229,678) 137,018 146,274
Transfers to Sustainability Funds
To Equipment Repl. - Current Year 0 89,000 89,000 80,000 80,000 89,000
Total Transfers to Sustainability Funds 0 89,000 89,000 80,000 80,000 89,000
Net Income Before Transfers 2,397,246 2,246,073 2,522,792 2,160,322 2,527,018 2,846,274

TOTAL OPERATING & TRANSFERS $ 8,631,587 $ 8,957,927 $ 8,481,058 $ 9,222,880 $ 9,222,880 $ 9,622,071
Retained Earnings, September 30 $ 1,571,504 $1,382,154 $1,923,296 $1,613,618 $1,980,314 $2,037,588
CHANGE IN NET ASSETS $311,432 $68,073 $351,792 ($309,678) $57,018 $57,274
% OF EXPENDITURES 18% 14% 22% 17% 21% 20%

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