FY2024 Proposed Budget

(1) FY23 - FY25 figures are estimated The Wastewater Fund maintains two reserved funds: one restricted fund for debt service and one assigned for capital reserves. The debt reserve funds are restricted in accordance with revenue bond covenants. The capital reserve is assigned to build reserves for future system and infrastructure improvements. Restricted fund balances in the debt reserve and assigned fund balances in the capital reserve are anticipated to be $6,374,966 and $4,246,236, respectively, in fiscal year 2024. Revenues: Approximately 98% of Wastewater operations are funded through charges for services. Wastewater Operations are funded by sewer user fees, per the following schedule:

FY2023 FY2024

$8.15

$8.31

Minimum Monthly Charge (includes the first 100 cu. ft. used)

$3.99

$3.99

Each Additional 100 cu. ft.

456