Page 75 - Pantego FY23 Budget

TOWN OF PANTEGO - ENTERPRISE FUND
WATER INFRASTRUCTURE FUND (750)
STATEMENT OF REVENUES AND EXPENSES
FOR FY 2022/2023 BUDGET

2021‐2022 2021‐2022 2022‐2023
2019‐2020 2020‐2021 ADOPTED Y-T-D 2021‐2022 PROPOSED
DESCRIPTION ACTUAL ACTUAL BUDGET 6/30/2020 YE ESTIMATE BUDGET
ESTIMATED BEGINNING NET POSITION $ 417,468 $ 521,435 $ 673,356 $ 673,356 $ 673,356 $ 200,100

REVENUES
104.00 Infrastructure Fees $ 316,838 $ 313,658 $ 315,000 $ 230,560 $ 307,060 $ 315,000

415.01 Penalties 2,428 3,923 3,500 3,109 4,000 3,750

901.00 Interest Revenue 4,539 512 575 1,082 3,050 5,250
TOTAL REVENUES $ 323,805 $ 318,092 $ 319,075 $ 234,751 $ 314,110 $ 324,000

EXPENSES
Capital Outlay
476.00 Valves/Hydrants/Extensions $ - $ 12,353 $ - $ -
477.40 Well Maintenance Program - - -
477.50 303 Pump Station Cossover - - 250,000 -
477.70 Emergency Interconnect 178,333 207 - -

477.80 Transition Study 25,438 14,877 14,877
480.00 Asset Purchases - - - -

477.90 2020 Water Rate Study 16,068 11,179 11,000 1,937 1,937
477.95 SB 3 Emer. Prep Plan 13,500 13,500 13,500

750.47 Chloramine Transition Study 25,000 28,481 28,481
750.48 N/S Wtr Transmission Line Rehab 47,329 728,570
750.49 303 Rehab
750.50
750.60 Lift Station Emergency Repair
TOTAL EXPENSES $ 219,838 $ 23,739 $ 299,500 $ 106,124 $ 787,365 $ -
OTHER USES
Transfers Out $ - $ 142,433 $ - $ - $ - $ -
TOTAL EXPENDITURES AND OTHER USES $ 219,838 $ 166,172 $ 299,500 $ 106,124 $ 787,365 $ -

ESTIMATED CHANGE IN NET POSITION $ 103,967 $ 151,920 $ 19,575 $ 128,627 $ (473,255) $ 324,000

ESTIMATED ENDING NET POSITION $ 521,435 $ 673,356 $ 692,931 $ 801,983 $ 200,100 $ 524,100

ADOPTED BUDGET FY2022-23 TOWNOFPANTEGO.COM/BUDGET PAGE 73