Page 49 - CityofWataugaAdoptedBudgetFY25

Water and Wastewater
Multi-Year Financial Plan

Actual Budget Estimate Budget Projected Projected Projected
2022-2023 2023-2024 2023-2024 2024-2025 2025-2026 2026-2027 2027-2028

BEGINNING BALANCE 2,813,192 3,200,000 3,312,618 * 3,154,204 2,669,614 1,917,183 2,655,108

REVENUES

Water Service 5,143,839 4,950,000 5,150,000 5,450,000 5,613,500 5,894,175 6,129,942

Wastewater Service 4,040,634 4,350,000 4,200,000 4,600,000 5,168,560 5,478,674 5,807,394
Proposed Increase in Revenues 3.00% 8.00% 8% 8% 6%

Service Charges 83,620 65,000 85,000 90,000 91,800 93,636 93,636

EPA Fees 160,460 161,000 160,000 160,000 163,200 166,464 166,464

Penalties 172,728 175,000 185,000 196,000 199,920 203,918 207,997

Miscellaneous 62,880 50,000 68,800 54,000 55,620 57,289 59,007

Interest Income/Transfers In JUF 132,764 120,000 204,000 175,000 176,750 178,518 180,303

Total Revenues 9,796,925 9,871,000 10,052,800 10,725,000 11,469,350 12,072,673 12,644,743
EXPENSES
Utility Billing (571,677) (615,410) (603,450) (610,030) (622,231) (634,675) (647,369)
Non-Departmental - Operating (598,960) (794,980) (745,580) (832,480) (849,130) (866,112) (883,434)
Information Technology (106,367) (126,990) (122,140) (142,990) (145,850) (148,767) (151,742)
Administration (169,799) (185,200) (184,550) (198,200) (202,164) (206,207) (210,331)
- -
Water Distribution (2,592,204) (2,865,830) (2,706,130) (2,912,840) (3,062,875) (3,148,003) (3,235,549)

Sewer Collection (2,861,740) (3,284,614) (3,504,364) (3,676,050) (3,557,553) (3,628,704) (3,701,278)

Transfers - Capital (140,000) - - - - -
Transfers - JUF (40,752) (60,000) (60,000) (60,000) (60,000) (60,000) (60,000)
G&A/Franchise Fee (440,000) (440,000) (440,000) (487,000) (564,630) (594,708) (623,222)

W&WW Debt (1,726,000) (1,800,000) (1,800,000) (2,025,000) (1,801,572) (2,047,572) (2,022,572)
Proposed Positions - PIP - - - -
Operating Expenses (9,247,499) (10,173,024) (10,166,214) (10,944,590) (10,866,004) (11,334,748) (11,535,498)

Capital Expenses (carryover) - - - - - - -
Total Expenses (9,247,499) (10,173,024) (10,166,214) (10,944,590) (10,866,004) (11,334,748) (11,535,498)

Recommended Reserves per Policy (2,311,875) (2,543,256) (2,541,554) * (2,736,148) (2,716,501) (2,833,687) (2,883,875)
Available for Supplemental Current Year 549,426 (302,024) (113,414) (219,590) 603,346 737,925 1,109,245

Proposed Supplemental - - - - - - -
Remaining Supplemental 549,426 (302,024) (113,414) (219,590) 603,346 737,925 1,109,245

Additional Available for Capital w/ Fund bal requirements 501,317 656,744 771,065 418,057 (46,887) (916,504) (228,766)

Total Available for Capital* 1,050,744 354,720 657,651 198,467 556,459 (178,579) 880,478

Proposed Equip Repl/Capital (1) (50,000) (45,000) (45,000) (265,000) - - (50,000)

Remaining Funds Available 1,000,744 309,720 612,651 (66,533) 556,459 (178,579) 830,478

ENDING FUND BALANCE 3,312,618 2,852,976 3,154,204 * 2,669,614 1,917,183 2,655,108 3,714,353

% of operating 36% 28% 31% 24% 18% 23% 32%
Staffing Variable
Full-time Positions (2) 23.75 25.75 25.75 25.75 25.75 25.75 25.75
Part-time positions 0.00 Part-time positions 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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