Page 12 - Euless ORD 2360 Adopted FY 23-24 Budget

increase from current year budget estimates based on continued increases from the
Federal Reserve. Tower lease rentals are expected to decrease based on existing
agreements.

General Fund operating expenses, excluding capital programs, are proposed at
53, 252, 508 which represents an increase of approximately 7%. This increase is
primarily due to the proposed pay plan, the addition personnel, software upgrades and
increased baseline expenses for supply, services, and contractual agreements.

Funding for one Police Officer has been transferred to the Crime Control and Prevention
District ( CCPD) and funding for part time jailers has been transferred from the CCPD to
the General Fund for ease of reporting on shared jailed operations.

Contractual rebates have been increased based on expected increases in sales tax
collections.

Recommended capital items are detailed in the proposed budget in Tab 2 and are
funded from excess reserves.

In accordance with the City's fiscal policy, all current expenses will be paid from current
revenues. Per this policy, the budgeted General Fund reserve is equal to 60 days
working capital. The fund balance summary verifies that the City has complied with this
policy. Excess reserves have only been used to fund proposed capital and one-time
needs.

WATER AND WASTEWATER FUND

The FY2023-24 budget includes proposed operating revenues of $ 33, 135, 803, which is
an increase of 10% over FY2022- 23 budgeted revenues. The water and wastewater
revenue projections are based on proposed rates, detailed above, and estimated
consumption for FY2023- 24. A proposed rebate of 500 per thousand gallons of water
used up to a maximum of 15, 000 gallons per month is included for single-family
residential customers. The City's Rate Stabilization Fund will provide the resources to
cover the cost of the proposed rebate.

Proposed water and wastewater baseline expenses are $ 33, 133, 350, which is an
increase of 10% over current year. The increase is attributed to the increased costs
from TRA for the purchase of water and treatment of wastewater and the proposed pay
plan.

Recommended capital items are detailed in the proposed budget and funded from
excess reserves.

The proposed budget meets the criteria set forth in the City's fiscal policies with
reserves calculated at 75 days of working capital.

201 N. Ector Drive, Euless, Texas 76039- 3595
817/ 685- 1400 Metro 817/ 267- 4403 Fax 817/ 685- 1416
www' culcsstx. gov
Ordinance No. 2360, Page 12 of 326 4