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PROPRIETARY FUNDS
WATER SEWER UTILITY BUDGET SUMMARY - FUND 40
HISTORY CURRENT YEAR
2020-2021 2021-2022 2022-2023 2023-2024 2023-2024
Actual Actual Budget Projected Budget
Retained Earnings, October 1 $ 1,571,504 $ 2,689,094 $ 2,734,712 $ 3,068,334 $ 2,804,570
Revenues:
Water Sales 4,679,157 5,208,540 4,900,000 5,000,000 4,950,000
Sewer Sales 3,828,805 4,098,737 4,140,000 4,050,000 4,350,000
Other Revenue 432,958 452,361 451,000 452,000 451,000
Interest Income 4,587 24,451 10,000 107,000 110,000
Operating Revenues $ 8,945,506 $ 9,784,090 $ 9,501,000 $ 9,609,000 $ 9,861,000
Operating Transfers-In: 0
Transfers In JUF - Other 10,701 611 10,000 10,000 10,000
Total Available Resources $ 10,527,711 $ 12,473,794 $ 12,245,712 $ 12,687,334 $ 12,675,570
Expenditures:
Administration 152,952 144,958 170,100 170,000 185,200
Non-Departmental 644,034 762,761 745,280 760,580 794,980
Billing & Collections 491,846 534,874 585,760 577,360 615,410
Information Technology 92,068 92,524 112,990 111,790 126,990
Water Distribution 2,217,721 2,639,706 2,818,615 2,747,220 2,865,830
Wastewater Collection 2,088,525 2,786,489 2,745,114 3,099,814 3,284,614
Total Operating Expenditures 5,687,144 6,961,312 7,177,859 7,466,764 7,873,024
Operating Transfers-Out
To General Fund 430,000 430,000 440,000 440,000 440,000
To Joint Use Facility Fund 34,149 34,149 60,000 60,000 60,000
To CO Debt Service 1,598,324 1,760,000 1,726,000 1,726,000 1,800,000
To Revenue Bond Debt Service 0 0 0 0 0
To Water/Wastewater Construction 0 140,000 140,000 140,000 0
Total Operating Transfers-Out 2,062,473 2,364,149 2,366,000 2,366,000 2,300,000
Operating Surplus/(Deficit) $ 1,206,590 $ 459,239 (32,859) (213,764) (302,024)
Transfers to Sustainability Funds
To Equipment Repl. - Current Year 89,000 79,999 50,000 50,000 45,000
Total Transfers to Sustainability Funds 89,000 79,999 50,000 50,000 45,000
Net Income Before Transfers 3,269,063 2,823,388 2,333,141 2,152,236 1,997,976
TOTAL OPERATING & TRANSFERS $ 7,838,617 $ 9,405,460 $ 9,593,859 $ 9,882,764 $ 10,218,024
Retained Earnings, September 30 $ 2,689,094 $ 3,068,334 $2,651,853 $2,804,570 $2,457,546
CHANGE IN NET ASSETS $1,117,590 $379,240 ($82,859) ($263,764) ($347,024)
% OF EXPENDITURES 33% 32% 27% 28% 24%
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