Page 89 - FY 24 Budget Forecast at Adoption.xlsx

FY 2023-24 Five-Year Operating Fund Outlook

Drainage Utility Fund

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

Revenues
Drainage Utility 1,522,825 1,522,825 1,522,825 1,522,825 1,522,825
Fees
Other Revenue 32,394 33,365 34,366 35,397 36,459
Total Revenue $1,555,219 $1,556,190 $1,557,191 $1,558,222 $1,559,284

Expenditures
Personnel Services 722,258 749,343 777,443 806,597 836,845
Operations & 150,792 155,316 159,975 164,774 169,718
Maintenance
Services & Other 543,198 559,494 576,279 593,567 611,374
Future Anticipated 395,000 50,000 50,000 50,000 50,000
needs
Total Expenditures $1,807,776 $1,508,753 $1,556,236 $1,605,273 $1,655,915

Variance $(252,558) $47,437 $956 $(47,050) $(96,631)

Five-Year Outlook Notes:

 The Drainage Utility fee is a flat fee of $7 per month placed on residential utility bills. While the fee is
adopted annually, there are no plans at this time to increase the fee. As a result, any growth would come
from future development. Additionally, the fund will always have an operationally balanced budget and
meet any fund balance requirements as required by city financial policies.
 Beginning in FY 2024-25, the Drainage Utility Fund assumes an additional $50,000 in expenditures for
inlet/manhole inspection and maintenance.
 The FY 2024-25 budget includes a one-time transfer of $300,000 to the Drainage CIP for the Stream
Channel Erosion Repairs project.
 While the FY 2027-28 and FY 2028-29 reflect a negative variance, it is based upon a 0% increase in drainage
utility fee revenues even though it has averaged about 1% growth the past five years. If the revenue
continues to grow at that annual rate, then the fund continues to show a positive variance (minus one-
times) for all years.

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