FY2022

Expenditure Trends

$- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000

2018 Actual 2019 Actual 2020 Actual

2021 Revised

2022 Budget

2023 Projected

Personnel

Services

Supplies

Capital Outlay Debt Service

28% of the Wastewater Fund’s expenditures are for revenue bond principal and interest payments. All outstanding sewer revenue bonds will be repaid by the end of fiscal year 2023. Long-term Projections:

Future Charges for Services revenues for Wastewater are projected forward based on an account growth rate of 1%. Fiscal year 2023 revenues are projected to decrease as transfers for debt service payments drop off. Revenues are projected to increase starting in 2024 due to new bond issuance and due to an increase in Capital Reserve transfers in. Future expenditures were projected with the assumptions that Personnel related expenditures would grow at a 3% rate annually and Services and Supplies would grow at a 2% rate annually. Expenditures are expected to decrease in fiscal year 2023 as a result of lower debt service payments. The decrease in expenditures is also due to lowered debt service requirements. Expenditures are projected to increase starting in 2024 due to new bond issuance and due to an increase in Capital Reserve transfers out.

397