Page 185 - HasletFY24AdoptedBudget

WATER AND SEWER
Overall Budget Summary
Fiscal Year 2023-2024

2023 FY 2024
FY 2020 FY 2021 FY 2022 CURRENT PROJECTED PROPOSED
ACTUAL ACTUAL ACTUAL BUDGET YEAR END BUDGET
Available Resources,
October 1 $ 1,125,167 $ 1,965,932 $ 3,264,165 $ 4,878,478 $ 4,878,478 $ 9,198,773

Revenues
Water $ 2,575,292 $ 3,061,523 $ 4,437,355 $ 3,550,000 $ 6,935,000 $ 6,935,000
Sewer $ 443,404 $ 570,131 $ 820,610 $ 1,150,000 $ 1,249,000 $ 1,249,000
Water Meter Install $ 53,443 $ 179,550 $ 116,909 $ 100,000 $ 100,000 $ 100,000
Sewer Meter Install $ 31,900 $ 108,525 $ 68,475 $ 100,000 $ 100,000 $ 100,000
Penalties Collected $ 11,831 $ 16,448 $ 29,753 $ 21,000 $ 31,000 $ 31,000
Trash Collection $ 137,956 $ 159,407 $ 222,554 $ 200,000 $ 280,500 $ 280,500
Interest Income $ 4,783 $ 1,942 $ 27,093 $ 6,900 $ 125,000 $ 125,000
Developer Part. HP $ - $ 150,939 $ - $ - $ -
Miscellaneous $ 35,250 $ 99,676 $ 47,454 $ 50,000 $ 50,000 $ 50,000
Operating Revenues $ 3,293,859 $ 4,348,141 $ 5,770,203 $ 5,177,900 $ 8,870,500 $ 8,870,500

Total Available Resources $ 4,419,026 $ 6,314,073 $ 9,034,368 $ 10,056,378 $ 13,748,978 $ 18,069,273

Expenditures
Administration $ 227,919 $ 231,825 $ 217,510 $ 314,138 $ 314,138 $ 418,483
Water Sewer $ 1,804,042 $ 2,347,936 $ 3,082,148 $ 3,232,741 $ 3,232,741 $ 4,630,041
PW Shared Exp $ 186,133 $ 235,147 $ 336,475 $ 421,970 $ 421,970 $ 551,283

Operating Expenditures $ 2,218,094 $ 2,814,908 $ 3,636,133 $ 3,968,849 $ 3,968,849 $ 5,599,807
Available Resources Effect
Increase/(Decrease) $ 1,075,765 $ 1,533,233 $ 2,134,070 $ 1,209,051 $ 4,901,651 $ 3,270,693

Transfers Out
To Capital Projects $ - $ 284,757 $ 346,356 $ 346,356
To General Fund $ - $ - $ -
To W/S Debt $ 235,000 $ 235,000 $ 235,000 $ 235,000 $ 235,000 $ 1,151,196
Total Operating Transfers $ 235,000 $ 235,000 $ 519,757 $ 581,356 $ 581,356 $ 1,151,196

Available Resources,
Sept 30 $ 1,965,932 $ 3,264,165 $ 4,878,478 $ 5,506,173 $ 9,198,773 $ 11,318,270

Available Resources as
% of Exp 80.1% 107.0% 117.4% 121.0% 202.2% 167.7%

Reserve (25%
Requirement, 50% 2023)
$ 613,274 $ 762,477 $ 1,038,973 $ 1,137,551 $ 1,137,551 $ 3,375,501

Reserve
Surplus/(Shortfall) $ 1,352,658 $ 2,501,688 $ 3,839,505 $ 4,368,622 $ 8,061,222 $ 7,942,769

Haslet Adopted Budget FY 2023-2024 179