Page 290 - HurstFY23AnnualBudget

APPROVED BUDGET FISCAL YEAR 2022-2023

CITY OF HURST
FY 2022 - 2023 PROPOSED BUDGET
STORM DRAINAGE UTILITY FUND
REVENUED AND EXPENDITURE SUMMARY
The Storm Drainage Utility Fund was implemented during Fiscal Year 2008-2009. This utility fee is
determined by calculating impervious area for properties throughout the City. The fee is assessed on
water bills and will generate funding for drainage projects and unfunded federal mandates associated
with the state required Stormwater Management Plan. The current fee is $4.00.
FY 2019 FY 2020 FY 2021 FY 2022 FY 2022 FY 2023
ACTUALS ACTUALS ACTUALS BUDGET ESTIMATES ADOPTED

REVENUES

RESIDENTIAL STORM
WATER DRAIN 529,723 533,359 532,516 530,000 530,000 530,000
MULTI-FAMILY STORM
WATER DRAINAGE 96,162 98,425 99,250 97,980 98,424 97,980
COMMERCIAL STORM
WATER DRAINAGE 472,120 470,823 474,662 471,000 472,000 471,000
INTEREST 33,734 26,067 10,939 4,900 227 5,150
OTHER REVENUE 189,994 132,823 4,200 5,000 13,860 5,000

TOTAL CURRENT
REVENUES 1,321,733 1,261,497 1,121,567 1,108,880 1,114,511 1,109,130

OPERATING EXPENSES

ENGINEERING 311,958 305,127 298,311 342,978 303,478 348,005
STREETS / DRAINAGE 648,947 614,728 768,179 925,392 870,673 920,365

TOTAL OPERATING
EXPENSES 960,905 919,855 1,066,490 1,268,370 1,174,151 1,268,370

LESS DEPRECIATION 170,882 174,888 82,678 172,565 172,565 172,565

NET EXPENSES 790,023 744,967 983,812 1,095,805 1,001,586 1,095,805

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