Page 110 - CityofColleyvilleFY23AdoptedBudget

$14.06 $28.12 $45.00 $84.37 $140.61
FY 2022 Water
$14.83 $29.65 $47.45 $88.96 $148.27
FY 2023 Water
$0.77 $1.53 $2.45 $4.59 $7.66
Increase

$12.32 $12.32 $12.32 $12.32 $12.32
FY 2022
Wastewater
$13.30 $13.30 $13.30 $13.30 $13.30
FY 2023
Wastewater
$0.98 $0.98 $0.98 $0.98 $0.98
Increase

$5.83 $10.79 $16.75 $30.65 $50.49
FY 2022 CIP
$5.83 $10.79 $16.75 $30.65 $50.49
FY 2023 CIP
$0.00 $0.00 $0.00 $0.00 $0.00
Utility Fund Increase

$32.21 $51.23 $74.07 $127.34 $203.42
FY 2022 Total
$33.96 $53.74 $77.50 $132.91 $212.06
FY 2023 Total
$1.75 $2.51 $3.43 $5.57 $8.64
Increase

Expenditures
Utility Fund expenditures total $19,832,854 for the scal year 2023 budget. There is
no utility-supported bonded debt obligation, as scal year 2018 was the last year
of debt payments for the Utility Fund. The largest component, 77 percent of the
fund, covers the contractual obligation for water and wastewater to the Trinity
River Authority (TRA).

Five-Year Forecast
Being a proprietary operation, the Utility Fund isn't directly dependent upon
property values or economic conditions. Rather, forecasted expenses drive the
revenue that is necessary to recoup from customers, which is in turn applied to a
monthly base rate. The TRA's expenses are largely dependent upon the cost of
chemicals to treat water and wastewater as well as the projected debt service
needed for large-scale maintenance and improvements. Over the course of the
next ve years, the TRA's cost to the City is expected to increase an average of 8%
per year, or 36% from 2023 through 2027. Conversely, the City's direct costs to
operate its utility are projected to increase a little more than 3% per year, primarily
due to salary and bene t in ation. The full forecast is as follows. All revenue and
costs related to the TRA are highlighted in red. The City's direct costs are
highlighted in blue and white.

City of Colleyville | Budget Book 2023 Page 110