Page 137 - CITY OF AZLE, TEXAS

City of Azle
Utility Fund Summary
Revenues vs. Expenses

FY 2020-21 FY 2021-22 FY 2022-23 FY 2022-23
Actual Actual Budget Estimated
BEGINNING WORKING CAPITAL 3,852,325 4,096,025 5,002,804 5,002,804

OPERATING REVENUES

Water Revenues 4,293,731 5,011,369 4,721,067 5,123,600
Wastewater Revenues 2,656,281 2,842,558 2,846,995 2,890,000
Sanitation Revenues 2,206,463 2,430,633 2,299,500 2,588,778

TOTAL OPERATING REVENUES 9,156,474 10,284,560 9,867,562 10,602,378

TRANSFERS FROM OTHER FUNDS - 90,000 90,000 90,000

OPERATING EXPENSES
Water Department 1,615,920 1,891,455 1,786,728 1,863,031
Wastewater Department 1,147,909 1,184,657 1,288,660 1,610,824
Utility Maintenance 1,079,409 1,114,754 1,490,542 1,586,287
Utility Administration - - 168,321 168,321
Utility Billing 313,889 368,921 421,503 421,503
Non-Departmental (less Debt Service) 2,413,100 2,610,440 2,633,268 2,908,771
TOTAL OPERATING EXPENSES 6,570,227 7,170,228 7,789,022 8,558,737

NON-OPERATING REVENUES
(EXPENSES)
Interest and Misc. Revenue 40,865 97,655 25,000 214,000
Debt Service (1,651,327) (1,658,910) (1,651,795) (1,651,795)
TOTAL NON-OPERATING
REVENUES (EXPENSES) (1,610,463) (1,561,255) (1,626,795) (1,437,795)

NET INCOME 975,785 1,643,076 541,745 695,846
TRANSFERS TO OTHER FUNDS
General Fund 668,968 719,782 812,978 812,978
Utility Capital Projects - - - -

CHANGE IN THE VALUE OF
CURRENT ASSETS/LIABILITIES (63,117) (16,515)
ENDING WORKING CAPITAL 4,096,025 5,002,804 4,731,571 4,885,672

City of Azle FY 2023-2024 Budget 126