Page 251 - CityofSouthlakeFY25AdoptedBudget

UTILITY FUND
Utility Fund 2025 Proposed and 2024 Revised Budget

$ Increase/ $ Increase/
2023 2024 2024 (Decrease) % Increase/ 2025 (Decrease) % Increase/
Actual Adopted Amended Adopted -Decrease Proposed Adopted -Decrease
REVENUES
Miscellaneous $126,304 $14,500 $42,500 $28,000 0.0% $14,500 $0 0.0%
Interest Income 780,490 425,000 890,000 465,000 109.4% 890,000 465,000 109.4%
Water Sales-residential 19,593,266 19,000,400 19,000,400 0 0.0% 19,000,400 0 0.0%
Water Sales-commercial 5,454,118 5,400,200 5,400,200 0 0.0% 5,400,200 0 0.0% Utility Fund Expenditures
Sewer Sales 9,213,426 12,576,000 9,450,000 (3,126,000) -24.9% 11,000,000 (1,576,000) -12.5%
Sanitation Sales 2,812,989 2,729,700 2,729,700 0 0.0% 2,856,450 126,750 4.6%
Other utility charges 430,861 280,800 340,000 59,200 21.1% 280,800 0 0.0%
Total Revenues $38,411,454 $40,426,600 $37,852,800 ($2,573,800) -6.4% $39,442,350 ($984,250) -2.4%

EXPENSES
Debt Service 3,082,887 3,277,304 3,277,304 0 0.0% 3,633,848 356,544 10.9%
Utility Billing 655,633 732,361 732,361 0 0.0% 723,291 (9,070) -1.2%
Water 14,455,797 15,533,392 15,293,054 (240,338) -1.5% 15,099,544 (433,848) -2.8%
Wastewater 5,056,553 9,693,123 7,108,123 (2,585,000) -26.7% 7,905,091 (1,788,032) -18.4%
Sanitation 2,180,797 2,142,000 2,127,067 (14,933) -0.7% 2,222,785 80,785 3.8%
Total Expenses $25,431,667 $31,378,180 $28,537,909 ($2,840,271) -9.1% $29,584,559 ($1,793,621) -5.7%

Net Revenues $12,979,787 $9,048,420 $9,314,891 $266,471 $9,857,791 $809,371

Transfers In $67,091 $0 $0 $0
Transfers Out (17,488,830) (9,617,064) (9,514,112) (102,952) (9,577,694)
Total Other Sources (Uses) ($17,421,739) ($9,617,064) ($9,514,112) ($9,577,694)

Beginning working capital $27,014,248 $22,572,296 $22,572,296 $22,373,075
Ending fund balance $22,572,296 $22,003,652 $22,373,075 $22,653,172
No. of days working capital 324 256 286 279

FY 2025 Highlights

- The Utility Fund revenues are projected at $39,442,350 for a decrease of $984,250. This is a 2.4% decrease
when compared with the FY 2024 Adopted Budget.

- Personnel: The Utility Fund includes resources needed to manage and operate the City’s utility system. This
fund will cover its portion of employee pay adjustments and the increases in benefit costs as described in
the General Fund portion of the Budget Overview.

- Other expenditures: Funding has been requested for equipment and facility improvements including the
Infrastructure Inspection Camera Van Buildout $61,000, Line Maintenance and Repair Increases, Gateway
Sanitary Sewer Lift Station Control Panel $60,000, and Roadway Plates $15,000.

- The Adopted FY 2025 Utility Fund budget provides 279 days of working capital. In anticipation of future
funding needed to replace aging infrastructure, this exceeds the City’s fund balance policy for the Utility
Fund, which states that the “…goal shall be to maintain a fund balance of 60 days of working capital in the
Utility Fund…with the optimum goal of 90 days of working capital.”

FY 2025 City of Southlake | Budget Book 251