FY2023 Adopted Budget

Long-term Projections:

Future Charges for Services revenues for Wastewater are projected forward based on an account growth rate of 1%. Fiscal year 2027 revenues are projected to decrease as transfers for capital projects are expected to drop off. 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 increase in fiscal year 2023 as a result a substantial increase in transfers to the Capital Projects Fund. Changes in Capital Project transfers out are the primary reason for the volatility in the projected expenditures.

458