FY 24 APPROVED OPERATING BUDGET

WATER & SEWER DEBT SERVICE FUND

FINANCIAL NOTES:

FY 24 Approved Budget

12,585,000

FY 23 Approved Budget

20,725,000

$ decrease

(8,140,000)

% decrease

(39.28)%

FY 23

FY 24

CHANGE EXPLANATION OF INCREASE/DECREASE - REVENUES

3,314,500 3,431,500

117,000 CAPITAL ASSESSMENTS:

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

4,514,100 3,554,500 (959,600) CAPITAL CONNECTIONS:

FY 24 budget reflects estimated collections during FY 23

12,545,000 5,259,000 (7,286,000) DEVELOPMENT CHARGES:

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

1,400

10,000

8,600 INVESTMENT INCOME:

Investment income revenue is estimated to increase for FY24

350,000

330,000

(20,000)

MISCELLANEOUS: FY 24 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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