FY24 Adopted Budget

Water (7300 - 7304) Fund Summary

2020

2021

2022

2023

2024

2025

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

$ 12,578,952 13,016,183 $ $ 12,833,162 $ 13,440,452 $ 13,722,844 $ 11,364,221

Revenues:

Use Of Money And Property Interest Revenues

$

292,501 $

48,592 $

34,204 $

250,000 $

329,546 $

329,546

Rents

1,200

600 251

600 421

600 250

600 421

600 421

Royalties & Commissions

330

Intergovernmental

Federal Ingergovernmental Revenue

- -

41,228

25,265

- -

- -

- -

Disaster Assistance

-

538

Charges For Fees And Services Water Charges

10,046,328

9,933,378 10,125,568

9,987,370

10,552,447

10,657,968

Miscellaneous

Contributions & Donations

-

-

13,846

6,449

-

- -

Printed Materials

11

80

74

-

74

Miscellaneous Merchandise

2,143 2,000

10,759

12,138 534,242

10,760 675,357

12,138 768,332

10,919 781,209

Intra-City Charges

2,000 2,303

Other Miscellaneous Revenue

44,215

9,556

2,300

4,802

-

Other Financial Sources Sale Of Assets

10,148

6,119

22,828

-

-

-

Sub-Total Revenues

10,398,875 10,045,311

10,779,280

10,933,086

11,668,360

11,780,663

Transfers In:

1) Bond Oridance Transfers In

1,846,390 1,861,190

1,802,141 1,300,000

1,324,225 1,800,000

1,364,675 1,800,000

140,758

Capital Reserves

4,000,000

1,300,000

1,800,000

Miscellaneous Transfers In

1,710

3,121

253,442

2,500

2,500

2,500

Sub-Total Transfers In

5,848,100 3,164,311

3,355,583

3,126,725

3,167,175

1,943,258

Total Revenues & Transfers In

$ 16,246,975 13,209,622 $ $ 14,134,863 $ 14,059,811 $ 14,835,535 $ 13,723,921

Expenditures:

Water Administration

$ 1,740,431 $ 1,836,129 $ 1,862,423 $

1,875,688 $ 2,080,599 $ 2,125,179

Water Treatment Plant Ops Water Distribution System Water Customer Service

2,341,670 1,459,558 1,167,595 1,803,340

2,687,066 1,404,977 1,289,783 1,824,165

2,683,537 1,520,393 1,233,610 1,844,470 9,144,432 1,281,000 1,802,141 1,300,000 4,383,141

2,800,567 1,624,289 1,430,754 1,854,396 9,585,694 1,067,500 1,324,225 1,800,000 4,191,725

3,060,113 1,556,782 1,585,663 1,802,326 10,085,483 3,944,000 1,364,675 1,800,000 7,108,675

3,126,047 1,605,434 1,614,295 1,366,175 9,837,131

Water Debt Service

Sub-Total Expenditures

8,512,594 9,042,120

Transfers Out:

Capital Project Fund 1) Debt Service Funding

1,450,761

1,189,332

1,400,000

1,846,390 1,861,190

140,758

Capital Reserves

4,000,000

1,300,000

1,800,000 3,340,758

Sub-Total Transfers Out

7,297,151 4,350,522

Total Expenditures & Transfers Out

$ 15,809,744 13,392,642 $ $ 13,527,572 $ 13,777,419 $ 17,194,158 $ 13,177,889 $ 13,016,183 12,833,162 $ $ 13,440,452 $ 13,722,844 $ 11,364,221 $ 11,910,253

Fund Balance, June 30

Restricted / Committed /Assigned

6,204,725

6,388,413

6,365,084

6,567,413

3,985,762

3,160,345

Unassigned Balance

$ 6,811,458 6,444,750 $ $ 7,075,369 $

7,155,432 $ 7,378,459 $ 8,749,909

% of Revenues & Transfers In

42%

49%

50%

51%

50%

64%

1) Same Fund Transfers required by bond covenants

470