Page 64 - PantegoFY24AdoptedBudget

TOWN OF PANTEGO
WATER AND SEWER OPERATING FUND (200)
STATEMENT OF REVENUES AND EXPENSES
For Fiscal Year 2023-2024 Budget

2022-2023 2022-2023 2023-2024 2022-2023/
2020-2021 2021-2022 ADOPTED Y-T-D 2022-2023 PROPOSED 2023-2024
DESCRIPTION ACTUAL ACTUAL BUDGET 7/31/2023 YE ESTIMATE BUDGET % CHANGE

REVENUES
Sale of Water $ 568,115 $ 619,666 $ 605,000 $ 443,583 $ 544,500 $ 580,000 -4.1%

Water Tap Fees 2,550 545 1,000 2,467 2,467 1,000 0.0%

Sewer Service Charge Fee 490,402 569,088 $ 535,000 450,508 540,000 $ 638,000 19.3%

Sewer Tap Fees 300 - 300 - - - -100.0%

Groundwater Conservation Fees 17,506 22,931 21,175 13,578 17,250 18,560 -12.3%

Late Payment Charges 13,332 15,275 10,000 10,822 14,429 14,500 45.0%

Processing/Turn On Fees - - 500 - - - -100.0%

Interest Revenue 628 4,645 9,000 19,583 22,400 25,000 177.8%
NSF Check Fees 150 480 60 60 50

Admin Serv Charge/Sewer Impact 7,040 7,380 6,500 6,040 8,053 7,540 16.0%

Other Revenue 710 435 500 255 340 400 -20.0%

TOTAL REVENUES $ 1,100,733 $ 1,240,445 $ 1,188,975 $ 946,896 $ 1,149,500 $ 1,285,050 8.1%
OTHER SOURCES
Transfers In $ - $ 16,118 $ 16,118 NA
Contributed Capital - - - - - - NA
TOTAL OTHER SOURCES $ - $ - $ - $ 16,118 $ 16,118 $ - NA
TOTAL REVENUES & OTHER SOURCES $ 1,100,733 $ 1,240,445 $ 1,188,975 $ 963,015 $ 1,165,618 $ 1,285,050 8.1%

EXPENSES

Contractual Agreements $ 339,464 $ 377,623 $ 389,400 $ 312,939 $ 394,777 $ 435,704 11.9%

Supplies and Maintenance $ 78,626 $ 60,817 $ 502,010 $ 391,831 $ 432,421 $ 514,585 2.5%

Utilities and Gasoline $ 105,162 $ 126,412 $ 129,930 $ 94,323 $ 118,695 $ 123,700 -4.8%

Training / Dues / Misc $ 2,927 $ 5,913 $ 7,250 $ 2,954 $ 3,800 $ 7,500 3.4%

Capital $ 3,579 $ - $ 4,000 $ - $ - $ - -100.0%

TOTAL EXPENSES $ 529,758 $ 570,766 $ 1,032,590 $ 802,046 $ 949,693 $ 1,081,489 4.7%
OTHER USES
Transfers Out- to General Fund $ 413,940 $ 428,962 $ 460,609 $ 383,841 $ 460,609 $ 491,535 6.7%
Transfer to Water & Sewer Infrastructure
Transfer out to Sewer Construction - - - - -
Transfers Out- to W/S Cap Projects - - - - -
TOTAL OTHER USES $ 413,940 $ 428,962 $ 460,609 $ 383,841 $ 460,609 $ 491,535 6.7%

TOTAL EXPENSES OTHER USES $ 943,698 $ 999,728 $ 1,493,199 $ 1,185,887 $ 1,410,302 $ 1,573,024 5.3%

ADOPTED BUDGET FY2023-24 TOWNOFPANTEGO.COM/BUDGET PAGE 62