Page 69 - FY 24 Budget Forecast at Adoption.xlsx

Expenditure Synopsis:

Water & Wastewater Utility Fund expenditures total $29,934,325 for FY 2023-24, which is an increase of
$674,569 or 2.3% from the FY 2022-23 budget, and a decrease of $525,169 or 1.7% over projections.
The Fund is broken into eight major categories: personnel, operations and maintenance, services and
other, wholesale water purchases, wastewater services - TRA, debt service, transfers to other funds and
capital outlay. Personnel costs, including any increases in compensation rates, are calculated by the
Finance Department. Capital outlay costs consist of large one-time costs and capital rehabilitation
programs, such as waterline repairs and replacements. All other costs are based on the previous year’s
revised funding level minus any one-time costs from the previous year. Below is a breakdown of FY 2023-
24 categories by percentage.

FY 2023-24 Water & Wastewater Fund Expenditures by

Category

Transfers to other Capital outlay
funds 65,000
825,000 0.2%
2.8% Personnel services
3,594,777
Debt service 12.0%
3,295,909
11.0%
Operations &
maintenance
1,240,908
4.1%

Wastewater
Services-TRA
5,022,787
16.8% Services & other
6,314,874
21.1%

Wholesale water
purchases
9,575,070
32.0%

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