Page 73 - PantegoFY24AdoptedBudget

TOWN OF PANTEGO - ENTERPRISE FUND
WATER INFRASTRUCTURE FUND (750)
STATEMENT OF REVENUES AND EXPENSES
For Fiscal Year 2023-2024 Budget

2022‐2023 2022‐2023 2023‐2024
2020‐2021 2021‐2022 ADOPTED Y-T-D 2022‐2023 PROPOSED
DESCRIPTION ACTUAL ACTUAL BUDGET 7/31/2023 YE ESTIMATE BUDGET
ESTIMATED BEGINNING NET POSITION $ 521,435 $ 673,356 $ 259,424 $ 259,424 $ 259,424 $ 544,397

REVENUES
104.00 Infrastructure Fees $ 313,658 $ 309,367 $ 315,000 $ 246,935 $ 298,621 $ 766,281

415.01 Penalties 3,923 4,090 3,750 3,000 3,600 5,000

901.00 Interest Revenue 512 3,845 5,250 11,277 15,400 30,000
TOTAL REVENUES $ 318,092 $ 317,302 $ 324,000 $ 261,212 $ 317,621 $ 801,281

EXPENSES
Capital Outlay
476.00 Valves/Hydrants/Extensions $ 12,353 $ - $ -
477.40 Well Maintenance Program - 1,675 -
477.50 303 Pump Station Cossover -
477.70 Emergency Interconnect 207
477.80 Transition Study 14,877
480.00 Asset Purchases (SCADA) - 100,000
477.90 2020 Water Rate Study 11,179 1,937
477.95 SB 3 Emer. Prep Plan 13,500
750.47 Chloramine Transition Study 31,588
750.48 N/S Wtr Transmission Line Rehab 667,655 32,649 32,649
750.49 303 Rehab
750.60 Lift Station Emergency Repair
TOTAL EXPENSES $ 23,739 $ 731,233 $ - $ 32,649 $ 32,649 $ 100,000

OTHER USES
Transfers Out $ 142,433 $ - $ - $ - $ 467,660

TOTAL EXPENDITURES AND OTHER USES $ 166,172 $ 731,233 $ - $ 32,649 $ 32,649 $ 567,660

ESTIMATED CHANGE IN NET POSITION $ 151,920 $ (413,932) $ 324,000 $ 228,563 $ 284,972 $ 233,621

ESTIMATED ENDING NET POSITION $ 673,356 $ 259,424 $ 583,424 $ 487,987 $ 544,397 $ 778,018

ADOPTED BUDGET FY2023-24 TOWNOFPANTEGO.COM/BUDGET PAGE 71