FY2023 Adopted Budget

Future revenues are projected to gradually increase as the number of accounts is projected to grow by 1% annually. Fiscal years 2025 through 2026 revenues are projected to decrease as transfers for debt service payments 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 increase in fiscal year 2024 due to a one-time increase in Capital Project Fund transfers out. Expenditures after fiscal year 2024 start to decrease dramatically as the remaining outstanding water revenues bonds are paid off.

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