FY2024 Proposed Budget

Expenditures: The fiscal year 2024 expenditures increased $499,789 from fiscal year 2023. Increases are seen across all areas due to inflation. Revenue bond principal and interest payments are 17.9% of the Water fund’s expenditure budget for fiscal year 2024. No new revenue debt is planned in fiscal year 2024.

Expenditure Trends

$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

Other financing uses include transfers out of $3,944,000 to the Capital Projects Fund in fiscal year 2024.

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