FY 23 Approved Budget Book

WATER & SEWER DEBT SERVICE FUND

FINANCIAL NOTES:

FY 23 Approved Budget

20,725,000

FY 22 Approved Budget

21,464,000

$ decrease

(739,000)

% decrease

(3.44)%

FY 22

FY 23

CHANGE

EXPLANATION OF INCREASE/DECREASE - REVENUES

3,766,900 3,314,500

(452,400)

CAPITAL ASSESSMENTS: The decrease in capital assessments reflects a slight decrease in new petition projects and connections in the form of user benefit assessments

6,403,600 4,514,100

(1,889,500)

CAPITAL CONNECTIONS: FY 23 budget reflects estimated collections during FY 22

10,992,000 12,545,000

1,553,000

DEVELOPMENT CHARGES: Projected to reflect an increase in connection activity. FY 23 is based on FY 22 estimated receipts.

1,500

1,400

(100)

INVESTMENT INCOME: Investment income revenue is estimated to decrease for FY23

300,000

350,000

50,000

MISCELLANEOUS: FY 23 projection is based on actual receipt history for capital surcharges, Build America bond interest, and interest on unpaid area connection charges, benefit assessments, and user benefit assessments

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