Page 51 - City of DWG FY 2022-23 BUDGET

120-ENTERPRISE FUND SUMMARY

WORKING CAPITAL BEGINNING BALANCE (177,024) (136,174) 154,835 518,100 518,100 621,543 Variance Calculations

FY 22/23
FY 21/22 FY 22/23 Proposed
FY 21/22 Proposed Budget
FY 21/22 FY 22/23 Projected Budget
FY 18/19 FY 19/20 FY 20/21 TOTAL Over/(Under)
REVENUE CATEGORY Amended Proposed Over/(Under) Over/(Under)
Actual Actual Actual Actual plus FY 21/22 Actual
Budget Budget FY 21/22 FY 21/22 Amended
Projected plus
Amended Budget Budget
Projected
Water/Sewer Sales & Fees 1,482,572 1,717,979 1,737,297 1,748,900 2,121,471 1,962,274 372,571 (159,197) 213,375 10.9%
Charges for Services 176,248 186,636 190,306 197,331 193,870 199,827 (3,461) 5,957 2,496 1.2%

Other Revenue 40,904 163,733 53,425 108,151 119,790 19,436 11,638 (100,354) (88,715) -456.4%

Other Sources 4,151 463,024 - - 5,125 5,187 5,125 62 5,187 100.0%
TOTAL REVENUE 1,703,875 2,531,373 1,981,028 2,054,382 2,440,255 2,186,725 385,873 (253,531) 132,343 6.1%

FY 22/23
FY 21/22 FY 22/23 Proposed
FY 21/22 Proposed Budget
FY 21/22 FY 22/23 Projected Budget
FY 18/19 FY 19/20 FY 20/21 TOTAL Over/(Under)
EXPENSE CATEGORY Amended Proposed Over/(Under) Over/(Under)
Actual Actual Actual Actual plus FY 21/22 Actual
Budget Budget FY 21/22 FY 21/22 Amended
Projected plus
Amended Budget Budget
Projected
Personnel Salary & Wages 228,077 256,904 277,046 303,716 276,759 324,819 (26,957) 48,060 21,103 6.5%
Personnel Taxes & Benefits 84,740 88,697 91,048 140,104 120,702 148,323 (19,402) 27,621 8,219 5.5%
Training & Travel 1,633 980 2,958 11,601 9,606 10,034 (1,996) 428 (1,568) -15.6%

Materials & Supplies 32,632 37,178 39,729 35,073 41,218 37,140 6,146 (4,079) 2,067 5.6%
Utilities 29,925 15,638 35,694 35,707 27,972 29,694 (7,734) 1,722 (6,013) -20.2%
Maintenance 41,902 38,019 45,224 129,474 161,904 134,176 32,430 (27,728) 4,701 3.5%

Consultants 15,282 11,403 15,646 68,506 73,386 12,005 4,880 (61,381) (56,501) -470.6%

Contractual 1,123,217 1,050,064 1,064,745 1,068,932 1,259,464 1,264,662 190,532 5,197 195,730 15.5%
Debt - 9,184 91,852 91,792 91,767 91,792 (25) 25 0 0.0%
Other Expenses 231,192 111,022 68,659 4,557 4,994 5,541 436 547 983 17.7%
Other Uses - 26,323 - 66,000 66,000 66,000 - - - 0.0%
Capital Outlay - 583,899 45,811 189,536 204,039 62,540 14,503 (141,498) (126,996) -203.1%

TOTAL EXPENSES 1,788,600 2,229,311 1,778,411 2,144,999 2,337,812 2,186,725 192,813 (151,087) 41,726 1.9%
REVENUE OVER EXPENSES (84,726) 302,062 202,617 (90,617) 102,444 (0) 193,060 (102,444) 90,617

Depreciation 163,986 198,082 - - -

Revenue over Expenses including depreciation coverage (84,726) 138,076 4,535 (90,617) 102,444 (0) 193,060 (102,444) 90,617

RECONCILATION TO WORKING CAPITAL
Add Back Depreciation 158,755 163,986 198,082 - -
Adjustment for changes to OPEB and pension (non-WC) (13,124) (20,724) (37,419) 1,000 1,000
Adjustment for change in compensated absences (non-WC) 5,149 (4,027) (803)

Reclass of restricted cash from py to unrestricted 198,869
Working Capital (136,174) 154,835 518,100 427,483 621,543 622,543
0 0
Operating Expenses (less capital and transfers) $ 1,619,089 $ 1,732,600 1,889,463 2,067,773 2,058,184
Daily Reserve 4,436 4,747 5,177 5,665 5,639

90 Day Target 399,227 427,216 465,895 509,862 507,498
Working Capital Days 35 109 83 110 110