FY 24 APPROVED BUDGET IN BRIEF

FY 2023 - 2024 WATER & SEWER DEBT SERVICE

REVENUES TOTAL APPROVED BUDGET $12,585,000

Development Charges $5,259,000 42%

Capital Connections $3,431,500 27%

Miscellaneous $340,000 3%

Capital Assessments $3,554,500 28%

APPROPRIATIONS TOTAL APPROVED BUDGET $12,585,000

Principal $8,431,766 67%

Service Costs $996,362 8%

Interest $3,156,872 25%

FY 23 APPROVED FY 24 APPROVED 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 decrease in funding for FY 24 is a result of the principal and interest payments adjusted to amounts due on outstanding debt. $20,725,000 $12,585,000 ($8,140,000)

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