Page 132 - CityofWataugaAdoptedBudgetFY24

BUDGET SUMMARY

The Utility Billing Office bills and collects revenues from the sale of potable water
and the disposal of sewage discharge for single and multifamily residential
buildings and commercial facilities inside the City. Projected revenues for these
fees are generally based on population estimates, although weather conditions
play a significant factor in revenues actually received. The City is 96% built out and
increases in customer accounts are projected to remain fairly flat in future years.
Water and sewer sales constitute 94% of the Water and Sewer Utility Fund
revenues. Other revenues such as penalty revenue, service charges, interest and
transfers make up 6% of the total revenues. Total charges for water and
wastewater services are forecast to be $9,300,000, with total revenues of
$9,871,000 and total available resources are $12,675,570. A rate increase is
anticipated for wastewater services and is included in this budget. A rate model
review is underway, and a rate increase will be presented in the second quarter of
Fiscal Year 2024. The City contracts with the City of Ft. Worth for wastewater
treatment and the City of North Richland Hills for water purchases. Wastewater
collection and treatment costs have risen drastically in the last two fiscal years.

Expenditures for water purchases and sewer treatment services also vary based
on customer usage and weather. Total expenses are estimated as $10,218,024.
These expenditures include an increase in our wholesale wastewater costs by 20%
by the City of Ft. Worth.

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