Page 49 - CityofWataugaAdoptedBudgetFY24

Water and Wastewater
Multi-Year Financial Plan

Budget Estimate Budget Projected Projected Projected
2022-2023 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027
BEGINNING BALANCE 2,734,712 3,068,334 * 2,804,570 2,457,546 1,917,183 1,668,195
REVENUES
Water Service 4,900,000 5,000,000 4,950,000 5,150,000 5,407,500 5,623,800
Wastewater Service 4,140,000 4,050,000 4,350,000 4,466,310 4,734,289 5,018,346
Proposed Increase in Revenues 3.00% 6% 5% 6%
Service Charges 65,000 65,000 65,000 66,300 67,626 67,626
EPA Fees 160,000 161,000 161,000 164,220 167,504 167,504
Penalties 175,000 176,000 175,000 175,000 178,500 182,070
Miscellaneous 55,000 50,000 50,000 51,500 53,045 54,636
Interest Income/Transfers In JUF 20,000 117,000 120,000 121,200 122,412 123,636
Total Revenues 9,515,000 9,619,000 9,871,000 10,194,530 10,730,876 11,237,619
EXPENSES
Utility Billing (585,760) (577,360) (615,410) (627,718) (640,273) (653,078)
Non-Departmental - Operating (745,280) (760,580) (794,980) (810,880) (827,097) (843,639)
Information Technology (112,990) (111,790) (126,990) (129,530) (132,120) (134,763)
Administration (170,100) (170,000) (185,200) (188,904) (192,682) (196,536)
- -
Water Distribution (2,818,615) (2,747,220) (2,865,830) (3,062,875) (3,148,003) (3,235,549)
Sewer Collection (2,745,114) (3,099,814) (3,284,614) (3,149,553) (3,212,544) (3,276,795)

Transfers - Capital (140,000) (140,000) - (140,000) (142,800) (142,800)
Transfers - JUF (60,000) (60,000) (60,000) (60,000) (60,000) (60,000)
G&A/Franchise Fee (440,000) (440,000) (440,000) (503,667) (530,423) (555,699)
W&WW Debt (1,726,000) (1,726,000) (1,800,000) (1,801,572) (2,047,572) (2,022,572)
Proposed Positions - PIP - - (45,000) (46,350) (47,741)
Operating Expenses (9,543,859) (9,832,764) (10,173,024) (10,519,698) (10,979,864) (11,169,171)
Capital Expenses (carryover) - - - - - -
Total Expenses (9,543,859) (9,832,764) (10,173,024) (10,519,698) (10,979,864) (11,169,171)
Recommended Reserves per Policy (2,385,965) (2,458,191) * (2,543,256) (2,629,925) (2,744,966) (2,792,293)
Available for Supplemental Current Year (28,859) (213,764) (302,024) (325,168) (248,988) 68,447
Proposed Supplemental - - - - - -
Remaining Supplemental (28,859) (213,764) (302,024) (325,168) (248,988) 68,447
Additional Available for Capital w/ Fund bal requirements 348,747 610,143 261,314 (172,379) (827,783) (1,124,098)
Total Available for Capital* 319,888 396,379 (40,710) (497,547) (1,076,771) (1,055,651)
Proposed Equip Repl/Capital (1) (50,000) (50,000) (45,000) - - (50,000)
Remaining Funds Available 269,888 346,379 (85,710) (497,547) (1,076,771) (1,105,651)
ENDING FUND BALANCE 2,655,853 2,804,570 * 2,457,546 1,917,183 1,668,195 1,686,642
% of operating 28% 29% 24% 18% 15% 15%
Staffing Variable
Full-time Positions (2) 23.75 23.75 25.75 26.75 26.75 26.75
Part-time positions 0.00 0.00 0.00 0.00 0.00 0.00
(1)
Proposed Capital will only be funded if excess reserves are available.

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