Page 148 - CityofHaltomFY23Budget

CITY OF HALTOM CITY ANNUAL BUDGET, FY2023 Proprietery Funds

DRAINAGE FUND
BUDGET SUMMARY
Actual Adopted Projected Adopted
FUND 45 FY2021 FY2022 FY2022 FY2023

Cash & Investments, Beginning 873,603 825,532 1,416,309 1,136,873
Revenues
Drainage Fee Revenues 1,775,229 1,665,000 1,665,000 1,710,000
Penalty Revenues 45,202 30,000 36,000 33,576
Interest Income 5,656 20,000 5,700 20,000
Total Revenues 1,826,086 1,715,000 1,706,700 1,763,576
Cash & Investments Available 2,699,689 2,540,532 3,123,009 2,900,449

Expenses
Drainage Maintenance 470,890 848,851 800,162 640,187
Debt Service 31,473 277,208 277,208 275,466
Non Departmental 826,847 772,430 713,566 937,287
Billing Fee to Water Fund 35,196 35,200 35,200 35,200
Transfer to General Fund 120,000 120,000 120,000 120,000
Transfer to Drainage Capital Project Fund 249,996 320,000 320,000 770,000
Total Expenses 1,734,402 2,373,689 2,266,136 2,778,140

Non-cash adjustments:
Depreciation/Amortization/Other 451,022 280,000 280,000 437,446

Cash & Investments, Ending 1,416,309 446,843 1,136,873 559,756

Increase in Cash & Investments 542,706 (378,689) (279,436) (577,118)

Ending Cash & Investments as a % of 82% 19% 50% 20%
Total Expenses (City Policy is 20%)

Drainage Fund Ending Cash and Investments

$1,500,000
$1,250,000
$1,000,000
$750,000
$500,000
$250,000
$0
Actual 2021 Adopted 2022 Projected 2022 Proposed 2023