Page 87 - FY 24 Budget Forecast at Adoption.xlsx
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FY 2023-24 Five-Year Operating Fund Outlook



                                                 Water & Wastewater Fund

                                     FY 2024-25     FY 2025-26     FY 2026-27     FY 2027-28     FY 2028-29

                                                          Revenues
                 Water Sales           20,684,503     21,365,209     22,074,294    22,795,174     23,539,595
                 Sewer Sales            9,891,386     10,954,037     11,906,721    12,585,075     13,906,508
                 Charges for              441,128       454,362        467,993        482,033        496,494
                 Service
                 Intragovernmental        127,267       131,085        135,017        139,068        143,240
                 Intergovernmental         60,467         62,281        64,150         66,074         68,056
                 Other Revenue            131,613       135,562        139,629        143,818        148,132
                 Total Revenue        $31,336,365    $33,102,536    $34,787,804    $36,211,241    $38,302,025

                                                        Expenditures
                 Personnel services     3,720,594      3,850,815      3,985,594      4,125,089     4,269,467
                 Operations &           1,278,135      1,316,479      1,355,974      1,396,653     1,438,552
                 maintenance
                 Services & other       6,017,130      6,197,644      6,383,573      6,575,081     6,772,333
                 Wholesale Water       10,109,053     10,672,503     11,267,004     11,894,294     12,556,509
                 TRA Payment            5,349,268      6,494,012      7,669,428      8,352,007     9,095,335
                 Debt service           2,946,344      2,950,202      3,568,319      3,709,851     3,709,851
                 Transfers to other       887,543       357,226        586,251        603,691        608,678
                 funds
                 Capital outlay            65,000         66,950        68,959         71,027         73,158
                 Total                $30,373,067     $31,905,830     $34,885,100     $36,727,694     $38,523,884
                 Expenditures

                     Variance           $963,298      $1,196,706      $(97,296)     $(516,452)     $(221,859)

               Five-Year Outlook Notes:

                 The city uses a “normalized year” revenue technique to determine the rate structure needed to cover
                   operational, debt and capital costs, and the rate structure is adopted annually with the budget.
                 During FY 2021-22, the City contracted with a rate consultant to help determine the FY 2022-23 rates and
                   help create a five-year model that reflects anticipated wholesale water and wastewater treatment costs.
                   The FY 2023-24 budget used the rate consultant’s model provided to determine the FY 2023-24 rates and
                   the five-year growth reflects the results of the rate model.
                 FY 2023-24 includes the third of three issuances of SWIFT debt of $4,060,000 for water line replacement
                   and has an estimated annual debt payment of $321,911.
                 FY 2024-25 includes the issuance of $5,954,630 for water and wastewater projects which are outlined in
                   the five-year CIP and has an estimated annual debt payment of $477,815.
                 FY 2026-27 includes the issuance of $11,562,146 for water and wastewater projects and has an estimated
                   annual debt payment of $927,776.
                 FY 2027-28 includes the issuance of $1,754,943 for water and wastewater projects and has an estimated
                   annual debt payment of $140,821.



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