Page 49 - CityofTrophyClubFY25AdoptedBudget

FY2024-25 Approved Budget

Storm Drainage FY 2021 FY 2022 FY 2023 FY 2024 FY 2024 FY 2024 YEAR FY 2025 FY 2026

Utility ACTUAL ACTUAL ACTUAL APPROVED AMENDED TO DATE APPROVED PROJECTED
Beginning Working Capital $ 1,731,975 $ 2,178,395 $ 2,635,282 $ 872,424 $ 872,424 $ 3,074,607 $ 3,294,643 $ 3,285,790

Revenue
Storm Drainage Fee $ 435,798 $ 435,559 $ 437,219 $ 430,000 $ 430,000 $ 361,348 $ 438,600 $ 451,758
Hazardous Waste Stipend - - - - - - - -
Miscellaneous Revenue - - - - - - - -
Interest Income 325 8,264 62,757 5,000 5,000 60,459 40,000 41,200

Total Revenue $ 436,123 $ 443,823 $ 499,977 $ 435,000 $ 435,000 $ 421,806 $ 478,600 $ 492,958

Expenses
Personnel
Salaries $ - $ - $ - $ 50,213 $ 50,213 $ 38,703 $ 52,793 $ 54,377
Overtime - - - - - - - -

Longevity - - - 187 187 187 226 232

Certification Pay - - - - - 100 120 120

Cell Phone Stipend - - - 405 405 338 405 417

Retirement - - - 6,633 6,633 5,133 8,453 8,707

Medical Insurance - - - 2,037 2,037 3,351 4,317 4,447

Dental Insurance - - - 267 267 490 651 671

Vision Insurance - - - 45 45 105 135 140

Life Insurance & Other - - - 225 225 246 302 311

Social Security Taxes - - - 3,113 3,113 2,353 3,320 3,419

Medicare Taxes - - - 728 728 550 776 800
Unemployment Taxes - - - 139 139 5 139 143

Workers' Compensation - - - 1,416 1,416 260 1,369 1,410

Total Personnel $ - $ - $ - $ 65,408 $ 65,408 $ 51,819 $ 73,006 $ 75,193
Services & Supplies
Professional Outside Services $ 19,175 $ 19,175 $ 27,722 $ 30,000 $ 30,000 $ 35,904 $ 30,600 $ 31,518

Engineering/Construction 14,597 9,018 14,088 30,000 30,000 100 230,600 237,518

Legal Notices - - - - - 181 185 191

Trash Removal/Recycling 5,900 2,950 1,700 5,202 5,202 5,545 5,306 5,465

Street Sweeping 6,121 7,100 6,660 15,606 15,606 8,350 20,000 20,600

Independent Labor 17,395 47,005 72,156 125,000 125,000 79,850 127,500 131,325

Dues & Membership 105 - - 250 250 - 255 263

Postage - - - - - 21 - -
Depreciation Expense 51,084 51,083 51,083 - - - - -

Total Services & Supplies $ 114,377 $ 136,331 $ 173,409 $ 206,058 $ 206,058 $ 129,951 $ 414,446 $ 426,880

Capital
Capital Replacement $ - $ - $ 41,261 $ - $ - $ - $ - $ -
Capital Expense - - - - - - - -

Capital Projects - - - 150,000 150,000 - - -
Transfer to Drainage Capital Projects - - - - - - - -
Total Capital $ - $ - $ 41,261 $ 150,000 $ 150,000 $ - $ - $ -
Debt Service
Principal $ (160,000) $ - $ - $ - $ - $ - $ - $ -
Interest 11,789 - (4,018) - - - - -

Total Debt Service $ (148,211) $ - $ (4,018) $ - $ - $ - $ - $ -

Total Expenses $ (33,834) $ 136,331 $ 210,652 $ 421,466 $ 421,466 $ 181,770 $ 487,453 $ 502,073

Other Sources (Uses)
Cumulative effect on change in account $ - $ - $ - $ - $ - $ - $ - $ -

Transfer In 16,463 177,194 170,000 - - - - -

Transfer to General Fund (40,000) (20,000) (20,000) (20,000) (20,000) (20,000) - -
Transfer To Debt Service - (7,799) - - - - - -
Total Other Sources $ (23,537) $ 149,395 $ 150,000 $ (20,000) $ (20,000) $ (20,000) $ - $ -

Net Increase (Decrease) $ 446,420 $ 456,887 $ 439,325 $ (6,466) $ (6,466) $ 220,036 $ (8,853) $ (9,115)
Ending Working Capital $ 2,178,395 $ 2,635,282 $ 3,074,607 $ 865,958 $ 865,958 $ 3,294,643 $ 3,285,790 $ 3,276,675
FY 2024-2025 41 Approved Annual Budget