Page 61 - CityofMansfieldFY23Budget

Utility Fund Strategic Plan Summary

2024
2023
2026
2027
2025
Utility Fund Budgeted Projected Projected Projected Projected
REVENUE DESCRIPTION:
Water Sales 20,810,629 21,055,165 21,304,592 21,559,008 21,818,512
Wastewater Sales 14,950,704 15,223,101 15,500,679 15,783,540 16,071,787
Wholesale Revenue 6,133,921 5,777,609 6,086,814 6,548,529 6,956,493
Other Revenues 912,873 912,873 912,873 912,873 912,873
TOTAL REVENUE: $ 42,808,127 $ 42,968,748 $ 43,804,959 $ 44,803,951 $ 45,759,666

EXPENSE DESCRIPTION:
Administration 1,490,807 1,534,306 1,579,078 1,625,161 1,672,594
Billing and Collections 974,382 1,002,455 1,031,340 1,061,061 1,091,642
Meter Reading and Repair 1,146,759 1,179,031 1,212,217 1,246,343 1,281,434
Water Distribution 1,009,912 1,039,335 1,069,621 1,100,796 1,132,886
Wastewater Collection 9,433,697 10,351,193 11,243,842 12,152,817 13,177,535
Water Treament 12,171,569 12,596,974 13,175,830 13,777,372 14,764,195
Water Quality 620,613 638,925 657,779 677,191 697,177
Other/Non-Departmental 982,821 1,004,707 1,027,238 1,050,434 1,074,317
TOTAL OPERATING EXP: 27,830,559 29,346,927 30,996,946 32,691,174 34,891,778

OPERATING REVENUE: 14,977,568 13,621,822 12,808,012 12,112,777 10,867,888

OTHER EXPENSES:
Transfer to General Fund 2,295,947 2,295,947 2,295,947 2,295,947 2,295,947
Cash Capital Outlays 634,814 651,256 668,124 685,431 703,187
Debt Service 4,071,250 3,841,100 3,607,250 3,607,250 3,606,700
Surrogate Debt Service 73,827 73,827 73,827 73,827 73,827
Debt Service Reserve 1,221,375 1,152,330 2,036,264 2,226,169 2,573,149
TOTAL OTHER OPERATING: 8,297,213 8,014,460 8,681,412 8,888,624 9,252,810
NET OPERATING ACTIVITY: $ 6,680,355 $ 5,607,362 $ 4,126,600 $ 3,224,153 $ 1,615,077

COVERAGE FACTOR:
Annual Debt Service 3.11 2.95 2.91 2.72 2.38
Maximum Annual Requirement 3.68 3.55 3.55 3.36 3.01

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