FY 24 APPROVED OPERATING BUDGET

WATER & SEWER

FINANCIAL NOTES:

FY 23

FY 24

CHANGE EXPLANATION OF INCREASE/DECREASE - EXPENDITURES

23,106,801 21,891,914 (1,214,887) PERSONAL SERVICES

Decrease is the net result of the elimination of funds provided in FY 23 for the 27th pay offset by increases for pension and workers' compensation.

14,919,911 15,631,025 711,114 CONTRACTUAL SERVICES

Increase is mainly the result of additional funding required for Retiree's Insurance based on the actuarial, and increases in electricity, facility repairs, engineering services and water line rehabilitation

7,010,812 8,700,203 1,689,391 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

980,510

961,918 (18,592) 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

193