Page 242 - Southlake FY23 Budget
P. 242
UTILITY FUnD ExPEnDITURES
UTILITY FUND
Utility FUnd 2023 Proposed and 2022 Revised Budget
$ Increase/ $ Increase/
2021 2022 2022 (Decrease) % Increase/ 2023 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Miscellaneous $59,248 $84,500 $73,000 ($11,500) 0.0% $74,500 ($10,000) 0.0%
Interest Income 12,434 47,500 15,000 (32,500) -68.4% 15,000 (32,500) -68.4%
Water Sales-residential 15,637,778 16,378,300 17,087,900 709,600 4.3% 16,923,900 545,600 3.3%
Water Sales-commercial 4,508,776 4,804,100 4,874,050 69,950 1.5% 4,827,200 23,100 0.5%
Sewer Sales 8,970,659 8,410,000 9,090,300 680,300 8.1% 9,240,000 830,000 9.9%
Sanitation Sales 2,495,739 2,483,000 2,556,500 73,500 3.0% 2,663,800 180,800 7.3%
Other utility charges 323,851 400,800 324,000 (76,800) -19.2% 400,800 0 0.0%
Total Revenues $32,008,485 $32,608,200 $34,020,750 $1,412,550 4.3% $34,145,200 $1,537,000 4.7%
EXPENSES
Debt Service 4,186,761 3,329,147 3,329,147 0 0.0% 3,322,878 (6,269) -0.2%
Utility Billing 512,340 641,218 658,069 16,851 2.6% 702,298 61,080 9.5%
Water 11,453,195 14,335,272 14,502,261 166,989 1.2% 15,139,616 804,344 5.6%
Wastewater 5,615,256 6,251,541 6,221,485 (30,056) -0.5% 6,190,399 (61,142) -1.0%
Sanitation 1,916,443 1,977,600 1,981,000 3,400 0.2% 2,082,000 104,400 5.3%
Total Expenses $23,683,995 $26,534,778 $26,691,962 $157,184 0.6% $27,437,191 $902,413 3.4%
Net Revenues $8,324,490 $6,073,422 $7,328,788 $1,255,366 $6,708,009 $634,587
Transfers In $0 $0 $0 $0
Transfers Out (1,284,122) (9,432,328) (17,488,830) 8,056,502 (11,120,808)
Total Other Sources (Uses) ($1,284,122) ($9,432,328) ($17,488,830) ($11,120,808)
Beginning working capital $19,472,901 $26,513,269 $26,513,269 $16,353,227
Ending fund balance $26,513,269 $23,154,363 $16,353,227 $11,940,428
No. of days working capital 409 319 224 159
Fy 2023 hiGhliGhts:
• The Utility Fund revenues are projected at $34,145,200 for an increase of $1,537,000. This is a 4.7% increase when
compared with the FY 2022 Adopted Budget.
• Personnel: The Utility Fund includes resources needed to manage and operate the City’s utility system. This fund
will cover its portion of employee pay adjustments and the increases in benefit costs as described in the General
Fund portion of the Transmittal Letter.
• Other expenditures: Funding has been requested for equipment and facility improvements including the LTE water
meter transponder replacement contract services ($300,500), a replacement wastewater line condition camera
($110,000), Lead and Copper Rule Revisions (LCRR) Program ($100,000), enterprise asset management software
($136,500), which is half funded by the Technology Infrastructure & Security Fund, and funding for commercial
driver license training ($20,000).
• The FY 2023 Proposed Utility Fund budget provides 159 days of working capital. This exceeds the City’s fund
balance policy for the Utility Fund, which states that the “…goal shall be to maintain a fund balance of 60 days of
working capital in the Utility Fund…with the optimum goal of 90 days of working capital.”
BUDGET BOOK | FY 2023 City of Southlake 241
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