FY2024 Proposed Budget

Expenditure Trends

$14,000,000

$12,000,000

$10,000,000

$8,000,000

$6,000,000

$4,000,000

$2,000,000

$ ‐

2020 Actual

2021 Actual

2022 Actual

2023 Revised 2024 Budget

2025 Projected

Personnel

Services

Supplies

Capital Outlay Debt Service

21% of the Wastewater Fund’s expenditures were for revenue bond principal and interest payments. All outstanding sewer revenue bonds will be repaid by the end of fiscal year 2023. However, two new revenue bond issues are planned for fiscal year 2024 to fund capital projects. Long-term Projections:

Future Charges for Services revenues for Wastewater are projected forward based on an account growth rate of 1%. 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. Expenditures are expected to decrease in fiscal year 2024 as there will not be any debt service payments but then they resume in fiscal year 2025.

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