Page 258 - CityofWataugaAdoptedBudgetFY25
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WATER SEWER UTILITY BUDGET SUMMARY - FUND 40
HISTORY CURRENT YEAR
2021-2022 2022-2023 2023-2024 2023-2024 2024-2025
Actual Actual Budget Projected Budget
Retained Earnings, October 1 $ 2,425,936 $ 2,813,192 $ 3,200,000 $ 3,312,621 $ 3,154,207
Revenues:
Water Sales 5,208,540 5,143,839 4,950,000 5,150,000 5,450,000
Sewer Sales 4,098,737 4,040,634 4,350,000 4,200,000 4,600,000
Other Revenue 452,361 479,690 451,000 498,800 500,000
Interest Income 24,451 123,778 110,000 144,000 125,000
Operating Revenues $ 9,784,090 $ 9,787,941 $ 9,861,000 $ 9,992,800 $ 10,675,000
Operating Transfers-In: 0
Transfers In JUF - Other 611 8,986 10,000 60,000 50,000
Total Available Resources $ 12,210,636 $ 12,610,120 $ 13,071,000 $ 13,365,421 $ 13,879,207
Expenditures:
Administration 144,958 169,799 185,200 184,550 198,200
Non-Departmental 762,761 598,960 794,980 745,580 832,480
Billing & Collections 534,874 571,677 615,410 603,450 610,030
Information Technology 92,524 106,367 126,990 122,140 142,990
Water Distribution 2,639,706 2,592,204 2,865,830 2,706,130 2,912,840
Wastewater Collection 2,786,489 2,861,740 3,284,614 3,504,364 3,676,050
Total Operating Expenditures 6,961,312 6,900,747 7,873,024 7,866,214 8,372,590
Operating Transfers-Out
To General Fund 430,000 440,000 440,000 440,000 487,000
To Joint Use Facility Fund 34,149 40,752 60,000 60,000 60,000
To CO Debt Service 1,760,000 1,726,000 1,800,000 1,800,000 2,025,000
To Revenue Bond Debt Service 0 0 0 0 0
To Water/Wastewater Construction 140,000 140,000 0 0 0
Total Operating Transfers-Out 2,364,149 2,346,752 2,300,000 2,300,000 2,572,000
Operating Surplus/(Deficit) $ 459,239 $ 549,429 (302,024) (113,414) (219,590)
Transfers to Sustainability Funds
To Equipment Repl. - Current Year 79,999 50,000 45,000 45,000 265,000
Total Transfers to Sustainability Funds 79,999 50,000 45,000 45,000 265,000
Net Income Before Transfers 2,823,388 2,896,181 1,997,976 2,186,586 2,352,410
TOTAL OPERATING & TRANSFERS $ 9,405,460 $ 9,297,498 $ 10,218,024 $ 10,211,214 $ 11,209,590
Retained Earnings, September 30 $ 2,805,176 $ 3,312,621 $2,852,976 $3,154,207 $2,669,617
CHANGE IN NET ASSETS $379,240 $499,429 ($347,024) ($158,414) ($484,590)
% OF EXPENDITURES 30% 36% 28% 31% 24%
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