FY25 Proposed Budget

Expenditures: The fiscal year 2025 budgeted expenditures, not including debt service, are estimated to be 1.4% higher than the fiscal year 2024 revised expenditures. This is due to an increase in expenditures across all types except for Capital Outlay.

21 % of the Wastewater Fund’s expe nditures were for revenue bond principal and interest payments. All outstanding sewer revenue bonds were 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 and revenues are expected to increase in fiscal year 2024 as a result of additional transfer to establish a debt service reserve.

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