Page 48 - CityofWataugaAdoptedBudgetFY24

MULTI-YEAR FINANCIAL FORECAST

Water & Wastewater Fund

Revenue and Expenditure Assumptions

Revenue Source Assumptions

Water Service Based on projected rate increases sufficient to cover increased
cost
Wastewater Service Based on projected rate increases sufficient to cover increased
cost
Service Charges Based on average growth of 2%.
EPA fees Based on average growth of 2%.
Miscellaneous Based on average growth of 3%.
Penalties Flat Year 2024-2025 with projected average growth of 2% Year
thereafter.
Expenditure Assumptions
Departmental expenses Forecasted 2% for departmental operating expenses. Non-
departmental includes forecasted medical and salary increases.
Medical is anticipated to rise 10% annually based on historical
trends and salary increases are projected to rise 3% annually.
Transfers – Capital These transfers for maintenance of water and sewer lines are
expected to remain flat in budgeted year and projected 2024-
2025, with a 2% increase thereafter.
Franchise Fees This amount reflects a 5% of water and wastewater revenue
transfer to general fund for street rental.
Debt Transfer Debt service transfers are projected to remain flat until 2025-
2026. Increased debt service will result from the debt issuance
planned in 2025.

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