Page 44 - CITY OF WATAUGA, TEXAS ANNUAL BUDGET PORTRAIT

Revenues. Projections are based on the active accounts and rate charges. The last fee
review was conducted in FY2024.

Total charges for services are forecast to be $1,490,000 for service charges, with total
revenues of $1,655,000. Total expenditures are $4,571,830. The operating
expenditure budget is $1,080,630 with additional transfers to other funds in the amount
of $195,000. This year, $3,296,200 in capital projects are included in the budget to
include the drainage portion of Whitley Road Phase 5, Bunker Hill drainage and Echo
Hill. The projected ending fund resources will be $1,747,002 if all budgeted capital
projects are completed.

Water and Sewer Fund

The Utility Billing Office bills and collects revenues from the sale of potable water and
the disposal of sewage discharge for single and multifamily residential buildings
and commercial facilities inside the City. Projected revenues for these fees are
generally based on population estimates, although weather conditions play a
significant factor in revenues received. The City is 97% built out and increases in
customer accounts are projected to remain flat in future years.

Water and sewer sales constitute 93% of the Water and Sewer Utility Fund
revenues. Other revenues such as penalty revenue, service charges, interest and
transfers make up 7% of the total revenues. Total charges for water and wastewater
services are forecast to be $10,000,000, with total revenues of $10,709,000 and total
available resources are $13,366,841.

The City contracts with the City of Ft. Worth for wastewater treatment and the City
of North Richland Hills for water purchases. Wastewater collection and treatment
costs have risen drastically in the last two fiscal years.

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