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Wastewater Utility Financial Plan and Rates Study Executive Summary <br /> <br /> ES-3 <br />Use of contents on this sheet is subject to the limitations specified at the end of this document. <br />Wastewater Fund 593 Revenues, Expenditures and Fund Balance <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 /> <br />Table ES-3. Projected Wastewater Fund 593 Revenues, Expenditures and Fund Balance <br /> <br /> <br /> <br />Actual Budget Projected Five-Year Plan FY20- <br />All Cash Flow in $millions FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY24 <br />REVENUES <br />Treatment Charges $12.6 $12.9 13.5 14.8 16.2 17.7 19.4 $81.5 <br />Other Revenues 0.6 0.8 0.8 0.8 0.8 0.8 0.8 3.9 <br />General Fund Loan Repayment 0.5 0.5 0.5 0.5 0.6 0.6 0.6 2.8 <br />Interest Income 0.2 0.3 0.2 0.1 0.1 0.1 0.1 0.7 <br />Total Revenues 13.8 14.5 15.0 16.2 17.6 19.2 20.9 88.9 <br />EXPENDITURES <br />Operating & Maintenance 10.0 9.9 10.2 10.5 10.9 11.2 11.5 54.4 <br />Debt Service 2.8 2.8 2.8 2.8 2.8 2.8 2.8 13.8 <br />Capital (cash)3.6 11.0 5.5 4.4 5.5 4.5 3.5 23.4 <br />Total Expenditures 16.3 23.7 18.5 17.7 19.1 18.5 17.8 91.6 <br />NET TRANSFERS (0.2) (0.1) (0.1) (0.1) (0.1) (0.1) (0.2) (0.7) <br />Wastewater Fund Ending Balance 27.4 18.0 14.4 12.7 11.1 11.6 14.6 (3.4) <br />4.9 4.9 5.0 5.2 5.4 5.5 5.7 <br />Single Family Monthly Bill, $$34.71 $35.75 $37.00 $40.50 $44.30 $48.60 $53.20 <br />Single Family Monthly Bill, $ Diff $0.68 $1.04 $1.25 $3.50 $3.80 $4.30 $4.60 <br />Single Family Monthly Bill, % Diff 2.0% 3.0% 3.5% 9.5% 9.4% 9.7% 9.5% <br />Debt Service Coverage Ratio 1.34x 1.59x 1.65x 2.00x 2.39x 2.83x 3.32x <br />Min. Op. Balance 180 (days cash O&M) <br />93