Page 19 - Proposed Operating Budget FY24

CITY OF HURST
FY 2023 - 2024 ADOPTED BUDGET
STORM DRAINAGE UTILITY FUND

REVENUES AND EXPENDITURES
The Storm Drainage Utility Fund was implemented during Fiscal Year 2008-2009. This utility fee is determined by calculating

impervious area for properties throughout the City. The fee is assessed on water bills and will generate funding for

drainage projects and unfunded federal mandates associated with the state required Stormwater Management Plan. The

current fee is $4.00 for each single family dwelling unit. Commercial rates are based upon square footage of impervious

surface. The adopted budget includes a 12.5% rate increase which is below the CPI measure of 44% since the rate was

approved in 2008.
ESTIMATED FUNDS AVAILABLE BEGINNING OCTOBER 1, 2023 $1,062,844
REVENUES
Storm Drainage Utility Fees $1,098,751
Proposed Rate Increase $137,344
Other Miscellaneous Revenue $26,257
TOTAL REVENUES $1,262,352
TOTAL FUNDS AVAILABLE $2,325,195
ESTIMATED EXPENDITURES
Engineering
Personnel $166,899
Materials & Supplies 1,740
Maintenance 1,800
Sundry
Professional Services $58,400
Training/Certification 4,240
Indirect Cost Allocation 113,906
Misc. 4,715
Depreciation 7,633 188,894
Internal Services 4,303
Capital Projects 0
Total Engineering $363,636
Drainage
Personnel $284,017
Materials & Supplies 5,401
Maintenance 345,730
Sundry
Professional Services $22,136
Special Events - Hazardous Waste 93,600
Misc. 14,347
Depreciation 246,803 376,886
Internal Services 84,713
Capital Projects 0
Total Drainage $1,096,747
TOTAL EXPENDITURES $1,460,383
Less Depreciation $254,436
ESTIMATED FUNDS AVAILABLE AT SEPTEMBER 30, 2024 $1,119,248