Page 198 - ArlingtonFY24AdoptedBudget

Enterprise Funds

WATER UTILITIES FUND
FY 2024 Operating Position

Actual Budgeted Estimated Adopted
FY 2022 FY 2023 FY 2023 FY 2024
TRANSFERS:
To General Fund - Indirect Cost $ (4,427,528) $ (4,427,528) $ (4,427,528) $ (4,781,730)
From Storm Water Fund - Indirect Cost 170,122 170,122 170,122 170,122
To Debt Service Fund - TMRS Reimbursement (904,051) (904,051) (904,051) (904,051)
To Debt Service Reserve - - - (462,362)
To Operating Reserve - (904,051) (807,881) (1,453,020)
To Capital Reserve (5,000,000) - - -
To Fleet Reserve (1,000,000) - - (250,000)
To Small Business Capacity Building Initiative (GF) - - - (550,000)
(To) / From Rate Stabilization Fund (212,027) 3,839,559 (237,537) 3,408,509
To Renewal / Rehabilitation Fund (33,411,850) (21,299,116) (27,100,000) (23,400,000)
To Renewal / Rehabilitation Reimbursement (508,698) (227,556) (356,305) (227,556)
TOTAL TRANSFERS $ (45,294,032) $ (23,752,621) $ (33,663,180) $ (28,450,088)

TOTAL AVAILABLE FUNDS $ 141,633,894 $ 156,259,325 $ 155,470,320 $ 163,893,058

EXPENDITURES:
Salaries and Benefits $ 16,445,396 $ 18,376,621 $ 18,979,744 $ 20,530,145
O&M Expenditures 15,399,201 19,982,671 20,508,949 19,432,051
Trinity River Authority 38,599,046 42,028,655 43,738,461 47,308,040
Tarrant Regional Water District 20,304,642 25,982,663 22,075,090 25,982,663
Bond Principal 25,210,000 24,560,000 24,245,000 24,380,000
Bond Interest 8,431,866 8,431,866 8,774,527 8,512,906
Bond Handling Fees / Issuance Costs 269,065 570,025 250,000 570,025
Franchise Fees 10,651,512 10,220,122 10,602,832 10,886,429
PILOT 4,619,591 4,801,336 4,801,336 4,958,253
Kennedale Operations 1,426,862 1,245,878 1,392,987 1,278,952
TOTAL EXPENDITURES $ 141,357,181 $ 156,199,837 $ 155,368,926 $ 163,839,464

ENDING BALANCE $ 276,714 $ 59,488 $ 101,394 $ 53,594

The two largest revenue sources for the Water Utilities Department are the Water Sales and Sewer Charges, $91,680,588 and
$87,288,946 respectively, comprising 93% of the total revenue generated by the department. Water Sales are revenues
generated by customers of the Water Utilities Department for purchase of water and the various fees associated with the
transactions. Sewer Charges are based upon the amount and strength of the wastewater a customer discharges to the sewer
system.

FY 2024 Adopted Budget and Business Plan 189 City of Arlington, Texas