Page 12 - RichlandHillsFY24ProposedBudget

FY 2023-2024 PROPOSED BUDGET

FY 2024 TO FY 2024 TO
WATER & SEWER FUND REVENUES FY 2021 FY 2022 FY 2023 FY 2024 FY 2023 FY 2023
SUMMARY ACTUAL ACTUAL ADOPTED PROPOSED $ CHANGE % CHANGE

WATER SALES $ 2,457,268 $ 2,475,104 $ 2,504,521 $ 2,595,900 $ 91,379 3.6%
WASTEWATER SALES 1,853,498 1,853,498 1,800,000 1,800,000 $ - 0.0%
MISCELLANEOUS INCOME 669,396 651,560 536,600 753,000 $ 216,400 40.3%

TOTAL INCOME $ 4,980,162 $ 4,980,162 $ 4,841,121 $ 5,148,900 $ 307,779 6.4%
Transfers In $ 17,666 $ - $ 2,406,753 $ - $ (2,406,753) -100.0%

FY 2024 TO FY 2024 TO
WATER & SEWER FUND EXPENSES FY 2021 FY 2022 FY 2023 FY 2024 FY 2023 FY 2023
SUMMARY ACTUAL ACTUAL ADOPTED PROPOSED $ CHANGE % CHANGE

SHARED SERVICES $ 320,663 $ 308,727 $ 311,427 $ 341,494 $ 30,067 9.7%

ADMINISTRATION 384,269 519,553 641,582 754,171 112,589 17.5%
DEBT SERVICE/NON DEPT. 802,014 931,332 1,004,832 1,188,143 183,311 18.2%
WATER PRODUCTION & DISTRIBUTION 1,224,943 980,990 3,633,344 1,744,698 (1,888,646) -52.0%
WASTEWATER SERVICES 1,343,425 1,071,374 1,369,360 1,633,536 264,176 19.3%

TOTAL EXPENSES $ 4,075,314 $ 3,811,976 $ 6,960,545 $ 5,662,042 $ (1,298,503) -18.7%

BEGINNING (UNRESTRICTED) NET POSITION $ 2,356,497 $ 3,092,757 $ 2,853,018 $ 3,140,347
TRANSFERS IN (OUT) $ - $ - $ - $ -
ENDING (UNRESTRICTED) NET POSITION $ 3,092,757 $ 2,853,018 $ 3,140,347 $ 2,627,205
90 DAYS RESERVE AMOUNT $ 919,661 $ 939,939 $ 1,716,299 $ 1,396,120
AMOUNT OVER/(UNDER) RESERVE REQUIREMENTS $ 2,173,096 $ 1,913,079 $ 1,424,048 $ 1,231,085

City of Richland Hills 10