Page 71 - FY 24 Budget Forecast at Adoption.xlsx

Wastewater Services - TRA: FY 2023-24 Budget $5,022,787
% of Fund Expenditures 16.8 %

Compared to $ Growth % Growth
FY 2022-23 Budget $635,403 14.5 %
FY 2022-23 Projection $939,864 23.0 %

Wastewater treatment is the second largest expense within the Water and Wastewater Fund. The city
holds a contract with TRA for wastewater treatment and collection services. TRA Costs for the service are
anticipated to increase by 11.8% but due to increased usage in the city, the FY 2023-24 costs to provide
the service are anticipated to increase by 14.5%. Increases in this area are charged as a pass-thru and
are based upon TRA’s annual budget requirement.

Debt Service: FY 2023-24 Budget $3,295,909
% of Fund Expenditures 11.0 %

Compared to $ Growth % Growth
FY 2022-23 Budget $(17,056) (0.5) %
FY 2022-23 Projection $(17,056) (0.5) %

Debt services relates to the debt obligations made to fund water and wastewater system improvements.
For FY 2023-24, the City anticipates issuing debt of $4,060,000 related to the third and final SWIFT water
line replacement program.

Transfers: FY 2023-24 Budget $825,000
% of Fund Expenditures 2.8 %
Compared to $ Growth % Growth
FY 2022-23 Budget $(1,541,730) (65.1) %
FY 2022-23 Projection $(1,541,730) (65.1) %

Transfers relate to the annual cash funding of capital projects and are moved into project accounts in
capital improvement project (CIP) funds. For FY 2023-24, the Water and Wastewater CIP includes the
tank maintenance for $175,000, 2023 SWIFT for $250,000, water line replacements for $200,000, and
wastewater line replacements for $200,000. FY 2022-23 included $1,291,730 for the Keller Sports Park
water and wastewater line replacements as part of the Keller Sports Park revitalization project.

Capital Outlay: FY 2023-24 Budget $ 65,000
% of Fund Expenditures 0.2 %
Compared to $ Growth % Growth
FY 2022-23 Budget $ - - %
FY 2022-23 Projection $5,780 9.8 %

FY 2023-24 included capital outlays of $65,000 for concrete repairs at the MSC.

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