Page 67 - FY 24 Budget Forecast at Adoption.xlsx

WATER AND WASTEWATER FUND

Revenue Assumptions:

The Water and Wastewater Fund revenues for FY 2023-24 are $29,937,849, and will have an overall
increase of $997,602, or 3.45%, from the FY 2022-23 budget and a decrease of $710,478, or 2.32%,
compared to year-end projections. In the Water and Wastewater Fund, there are three major revenue
categories: Water Sales & Service, Sewer Sales & Service and Other Revenues. Breakdowns of each
revenue category for the Utility Fund and a brief description are provided. Below, a pie chart shows the
category breakdown by percentage and a bar graph shows revenue growth compared to account growth.

Water Sales &
FY 2023-24 Utility Fund Revenue
Service
Other Revenues 20,012,988
738,326 66.8%
2.5%

Sewer Sales &
Service
9,186,535
30.7%

Water Sales and Service: FY 2023-24 Budget $20,012,988
% of Fund Revenues 66.8 %
Compared to $ Growth % Growth
FY 2022-23 Budget $101,426 0.5 %
FY 2022-23 Projection $(331,216) (1.6) %

The water rate structure is split between costs related to the purchase of wholesale water from the City
of Fort Worth, also called the “pass-thru,” and the cost of providing water services. Wholesale water
represents 32% of the Water and Wastewater Fund budget, and costs are anticipated to decrease based
upon both the five-year consumption model and Fort Worth decreasing costs by 4.0%. As such, the
overall the water rates will decrease by 2.0% to account for increased wholesale water. For the monthly,
average household water usage of 16,381 gallons, it will be a decrease of $2.11 or 2.1%.

65