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Wastewater Utility Financial Plan and Rates Study <br />Executive Summary <br />Revenues, Expenditures and Fund Balance for Wastewater Fund 593 are summarized in the table below. <br />The approximate amount of revenues required from rates (treatment charges) for the five-year period, <br />FY20 through FY24, is $81.5 million. Another $7.4 million in revenues is projected from other sources. <br />Expenditures during the same period are projected to be approximately $91.6 million. The operating <br />fund balance is projected to decline from approximately $18.0 to $14.6 million during the five-year <br />period. The budgeted minimum operating reserve balance in FY24 is $5.7 million. Fund balance above <br />the budgeted minimum is required to pay for regulatory compliance capital projects planned for FY25- <br />FY29. <br />All Cash Flow in $millions <br />Actual <br />FY18 <br />Budget <br />FY19 <br />FY20 <br />Projected Five -Year Plan <br />FY21 FY22 FY23 <br />FY24 <br />FY20- <br />FY24 <br />REVENUES <br />Treatment Charges <br />$12.6 <br />$12.9 <br />13.5 <br />14.8 <br />16.2 <br />17.7 <br />19.4 <br />$81.5 <br />Other Revenues <br />0.6 <br />0.8 <br />0.8 <br />0.8 <br />0.8 <br />0.8 <br />0.8 <br />3.9 <br />General Fund Loan Repayment <br />0.5 <br />0.5 <br />0.5 <br />0.5 <br />0.6 <br />0.6 <br />0.6 <br />2.8 <br />Interest Income <br />0.2 <br />0.3 <br />0.2 <br />0.1 <br />0.1 <br />0.1 <br />0.1 <br />0.7 <br />Total Revenues <br />13.8 <br />14.5 <br />15.0 <br />16.2 <br />17.6 <br />19.2 <br />20.9 <br />88.9 <br />EXPENDITURES <br />Operating & Maintenance <br />10.0 <br />9.9 <br />10.2 <br />10.5 <br />10.9 <br />11.2 <br />11.5 <br />54.4 <br />Debt Service <br />2.8 <br />2.8 <br />2.8 <br />2.8 <br />2.8 <br />2.8 <br />2.8 <br />13.8 <br />Capital (cash) <br />3.6 <br />11.0 <br />5.5 <br />4.4 <br />5.5 <br />4.5 <br />3.5 <br />23.4 <br />Total Expenditures <br />16.3 <br />23.7 <br />18.5 <br />17.7 <br />19.1 <br />18.5 <br />17.8 <br />91.6 <br />NETTRANSFERS <br />(0.2) <br />(0.1) <br />(0.1) <br />(0.1) <br />(0.1) <br />(0.1) <br />(0.2) <br />(0.7) <br />Wastewater Fund Ending Balance <br />27.4 <br />18.0 <br />14.4 <br />12.7 <br />11.1 <br />11.6 <br />14.6 <br />(3.4) <br />Min. Op. Balance 180 (days cash O&M) <br />4.9 <br />4.9 <br />5.0 <br />5.2 <br />5.4 <br />5.5 <br />5.7 <br />Single Family Monthly Bill, $ <br />$34.71 <br />$35.75 <br />$37.00 <br />$40.50 <br />$44.30 <br />$48.60 <br />$53.20 <br />Single Family Monthly Bill, $ Diff <br />$0.68 <br />$1.04 <br />$1.25 <br />$3.50 <br />$3.80 <br />$4.30 <br />$4.60 <br />Single Family Monthly Bill, % Diff <br />2.0% <br />3.0% <br />3.5% <br />9.5% <br />9.4% <br />9.7% <br />9.5% <br />Debt Service Coverage Ratio <br />1.34x <br />1.59x <br />1.65x <br />2.00x <br />2.39x <br />2.83x <br />3.32x <br />ES -3 <br />11'H'1 I Nji iu viuruv IMI' ,^ a ^:' ci'd/ VIsc c4 ;oi'du I'd ci'i Vhis sh eV Is rvIilhliu; ;l Vo Yhc III 111V ,flmi'Is spc,iiia d l Yhc a rIG c4 Yhis ulorol11iiu;i^d, <br />