Page 66 - City of Watauga FY22 Adopted Budget

Drainage Utility Fund
Multi-Year Financial Plan

Year 1 Year 2 Year 3 Year 4 Year 5
Budget Projected Projected Projected Projected
2021-22 2022-23 2023-24 2024-25 2025-26
BEGINNING WORKING CAPITAL 3,005,197 786,211 1,272,031 (86,182) 431,120

REVENUES
Drainage Fees 1,480,000 1,480,000 1,480,660 1,481,980 1,481,980
Penalties - - - - -
Interest Income 2,000 2,000 6,360 (431) 2,156
Total Revenues 1,482,000 1,482,000 1,487,020 1,481,549 1,484,136
EXPENSES
Operating Expenses (690,375) (716,020) (881,433) (890,248) (899,150)
Transfers to Other Funds (73,500) (74,000) (74,000) (74,000) (74,000)

Total Expenses (763,875) (790,020) (955,433) (964,248) (973,150)

Recommended Reserves per Policy (138,075) (143,204) (176,287) (178,050) (179,830)
20%
Available for Supplemental 718,125 691,980 531,587 517,302 510,986

Remaining Supplemental 718,125 691,980 531,587 517,302 510,986
Additional Available for Capital 2,867,122 643,007 1,095,744 (264,232) 251,290
Total Available for Capital 3,585,247 1,334,987 1,627,331 253,070 762,275

Capital Projects A B (2,937,111) C (206,160) D (1,889,800) E - F (200,000)
Remaining Funds Available 648,136 1,128,827 (262,469) 253,070 562,275

ENDING WORKING CAPITAL 786,211 1,272,031 (86,182) 431,120 742,105

Rates
Drainage Rate $11.00 $11.00 $11.00 $11.00 $11.00

Staffing Variable:
Full-time positions 6.50 6.50 8.50 8.50 8.50
Part-time positions 1.0 1.0 1.0 1.0 1.0

Capital Projects

A. Whitley Road PHASE III&4, Channel Protection, Blue Green Grey Project, Bunker Hill
B. Drainage Master Plan
C. Astor Heights design
D. Astor Heights Construcction Project
E. Complete Astor Heights Project, Determine funding of Sunny Brook Project
F. Drainage Master Plan update, Determine future project priorities

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