Page 177 - CityofHasletFY25AnnualBudget

WATER AND SEWER
Overall Budget Summary
Fiscal Year 2024-2025

2024 FY 2025
FY 2021 FY 2022 FY 2023 CURRENT PROJECTED
ACTUAL ACTUAL ACTUAL BUDGET YEAR END BUDGET

Available Resources, October 1 $ 1,965,932 $ 3,264,165 $ 3,839,506 $ 4,478,977 $ 4,478,977 $ 4,616,060

Revenues

Water $ 3,061,523 $ 4,437,355 $ 4,893,804 $ 6,935,000 $ 5,200,000 $ 5,700,000
Sewer $ 570,131 $ 820,610 $ 1,023,803 $ 1,249,000 $ 1,249,000 $ 2,600,000

Water Meter Install $ 179,550 $ 116,909 $ 119,550 $ 100,000 $ 109,000 $ 115,000
Sewer Meter Install $ 108,525 $ 68,475 $ 71,500 $ 100,000 $ 65,000 $ 68,000
Penalties Collected $ 16,448 $ 29,753 $ 36,878 $ 31,000 $ 31,000 $ 31,000
Trash Collection $ 159,407 $ 222,554 $ 286,976 $ 280,500 $ 352,000 $ 416,000
Interest Income $ 1,942 $ 27,093 $ 133,988 $ 125,000 $ 165,000 $ 165,000
Developer Part. HP $ 150,939 $ - $ - $ -
Miscellaneous $ 99,676 $ 47,454 $ 50,000 $ 50,000 $ 50,000
Operating Revenues $ 4,348,141 $ 5,770,203 $ 6,566,499 $ 8,870,500 $ 7,221,000 $ 9,145,000

Total Available Resources $ 6,314,073 $ 9,034,368 $ 10,406,005 $ 13,349,477 $ 11,699,977 $ 13,761,060

Expenditures
Administration $ 231,825 $ 217,510 $ 250,495 $ 418,483 $ 407,232 $ 420,717

Water Sewer $ 2,347,936 $ 3,082,148 $ 4,629,991 $ 4,629,991 $ 4,965,691 $ 5,685,891
PW Shared Exp $ 235,147 $ 336,475 $ 381,482 $ 551,283 $ 559,798 $ 673,570
Operating Expenditures $ 2,814,908 $ 3,636,133 $ 5,261,968 $ 5,599,757 $ 5,932,721 $ 6,780,178

Available Resources Effect
Increase/(Decrease) $ 1,533,233 $ 2,134,070 $ 1,304,531 $ 3,270,743 $ 1,288,279 $ 2,364,822

Transfers Out
To Capital Projects $ 284,757 $ 488,155 $ - $ -
To General Fund $ - $ - $ -
To W/S Debt $ 235,000 $ 235,000 $ 176,905 $ 1,151,196 $ 1,151,196 $ 819,408
Total Operating Transfers Out $ 235,000 $ 519,757 $ 665,060 $ 1,151,196 $ 1,151,196 $ 819,408

Total Expenditures & Transfers $ 3,049,908 $ 4,155,890 $ 5,927,028 $ 6,750,953 $ 7,083,917 $ 7,599,586
Available Resources, Sept 30 $ 3,264,165 $ 4,878,478 $ 4,478,977 $ 6,598,524 $ 4,616,060 $ 6,161,474

Available Resources as % of Exp 107.0% 117.4% 75.6% 97.7% 65.2% 81.1%

Reserve ( Requirement, 50%

2024, 50% 2025) $ 762,477 $ 1,038,973 $ 1,481,757 $ 3,375,477 $ 3,541,958 $ 3,799,793
Reserve Surplus/(Shortfall) $ 2,501,688 $ 3,839,506 $ 2,997,220 $ 3,223,047 $ 1,074,102 $ 2,361,681

Haslet Adopted Budget FY 2024-2025 175