Page 248 - Watauga FY22-23 Budget

PROPRIETARY FUNDS

WATER SEWER UTILITY BUDGET SUMMARY - FUND 40

NO INCREASE IN
HISTORY CURRENT YEAR RATES
2019-2020 2020-2021 2021-2022 2021-2022 2022-2023
Actual Actual Budget Projected Budget

Retained Earnings, October 1 $ 1,260,072 $ 1,571,504 $ 1,923,296 $ 2,689,094 $ 2,734,712
Revenues:
Water Sales 4,779,606 4,679,157 4,864,898 4,864,898 4,900,000
Sewer Sales 3,749,323 3,828,805 3,975,000 3,975,000 4,140,000
Other Revenue 378,269 432,958 435,000 435,000 451,000
Interest Income 9,145 4,587 5,000 5,000 10,000
Operating Revenues $ 8,916,343 $ 8,945,506 $ 9,279,898 $ 9,279,898 $ 9,501,000

Operating Transfers-In: 0
Transfers In JUF - Other 26,677 10,701 0 0 10,000

Total Available Resources $ 10,203,092 $ 10,527,712 $ 11,203,194 $ 11,968,992 $ 12,245,712
Expenditures:
Administration 154,327 152,952 157,800 146,450 170,100
Non-Departmental 704,865 644,034 702,180 701,580 745,280
Billing & Collections 517,607 491,846 535,160 532,660 585,760
Information Technology 79,734 92,068 106,190 105,640 112,990
Water Distribution 2,721,419 2,217,721 2,812,415 2,756,515 2,818,615
Wastewater Collection 2,367,821 2,088,525 2,439,135 2,521,435 2,745,114
Total Operating Expenditures 6,545,773 5,687,144 6,752,880 6,764,280 7,177,859

Operating Transfers-Out
To General Fund 430,000 430,000 430,000 430,000 440,000
To Joint Use Facility Fund 55,814 34,149 60,000 60,000 60,000
To CO Debt Service 1,600,000 1,598,324 1,760,000 1,760,000 1,726,000
To Revenue Bond Debt Service 0 0 0 0 0
To Water/Wastewater Construction 0 0 140,000 140,000 140,000
Total Operating Transfers-Out 2,085,814 2,062,473 2,390,000 2,390,000 2,366,000

Operating Surplus/(Deficit) $ 311,432 $ 1,206,590 137,018 125,618 (32,859)

Transfers to Sustainability Funds
To Equipment Repl. - Current Year 0 89,000 80,000 80,000 50,000
Total Transfers to Sustainability Funds 0 89,000 80,000 80,000 50,000

Net Income Before Transfers 2,397,246 3,269,063 2,527,018 2,515,618 2,333,141

TOTAL OPERATING & TRANSFERS $ 8,631,587 $ 7,838,617 $ 9,222,880 $ 9,234,280 $ 9,593,859

Retained Earnings, September 30 $ 1,571,504 $ 2,689,094 $1,980,314 $2,734,712 $2,651,853
CHANGE IN NET ASSETS $311,432 $1,117,590 $57,018 $45,618 ($82,859)
% OF EXPENDITURES 18% 33% 21% 29% 27%

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