FY 23 Approved Budget Book

WATER & SEWER

FINANCIAL NOTES:

FY 22

FY 23

CHANGE

EXPLANATION OF INCREASE/DECREASE - EXPENDITURES

20,179,390 23,106,801

2,927,411

PERSONAL SERVICES Increase is the net result of the FY 23 COLA of 7% and 3% merit salary increase as well as additional funds required for pension, workers' compensation, health benefits and additional funds for a 27th pay. CONTRACTUAL SERVICES Decrease is mainly the result of less funding required for Retiree's Insurance based on the actuarial, offset by increases in electricity, facility repairs, engineering services and water line rehabilitation

15,142,606 14,919,911

(222,695)

5,182,675 7,010,812

1,828,137

SUPPLIES AND MATERIALS Increase is the net result of chemicals and equipment repair parts based on actual expense history and the ever rising costs of goods

937,010

980,510

43,500

BUSINESS AND TRAVEL Increase in vehicle maintenance and fuel costs based on actual expense history, and additional funds for meals, lodging, transportation costs and training seminars to provide necessary certification training for continued success of our employees

162