Budget Covers 2024

WATER AND SEWER DEBT SERVICE FUND Fiscal Year 2024 - 2025 TOTAL PROPOSED BUDGET $13,881,500

REVENUES Miscellaneous $180,000 1%

Development Charges $5,340,000 39%

Capital Assessments $3,030,000 22%

Capital Connections $5,331,500 38%

APPROPRIATIONS

Service Costs $2,682,632 19%

Interest $2,798,868 20%

Principal $8,400,000 61%

FY 24 APPROVED FY 25 PROPOSED CHANGE

The Water & Sewer Debt Service Fund provides appropriation authority for the payment of principal and interest on long term water and sewer bonds and loans used to finance the capital projects of the County-owned water & sewer system. The increase in funding for FY 25 is a result of the service cost payments adjusted to amounts due on outstanding debt. $12,585,000 $13,881,500 $1,296,500

16