Utility Fund
319
Utility Fund
Utility Fund Summary
Where the Money Comes From (Utility Fund)
OTHER UTILITY CHARGES MISCELLANEOUS
0.6%
1.7%
SANITATION SALES
6.6%
INTEREST INCOME
0.1%
SEWER SALES
20.5%
WATER SALES-RESIDENTIAL
55.2%
WATER SALES-COMMERCIAL
15.3%
Where the Money Goes (Utility Fund)
SANITATION
5%
DEBT SERVICE
26%
WASTEWATER
18%
UTILITY BILLING
2%
320
WATER
49%
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Utility Fund
Utility Fund Summary
Utility Fund
$ Increase/
$ Increase/
2015
2016
2016
(Decrease)
% Increase/
2017
(Decrease)
% Increase/
Actual
Adopted
Amended
Adopted
-Decrease
Proposed
Adopted
-Decrease
REVENUES
Miscellaneous
$148,041
$160,000
$93,000
$11,031
$25,000
$25,000
$13,643,929
$14,004,460
$14,400,000
$3,669,450
$3,600,300
$3,800,000
Interest Income
Water Sales-residential
Water Sales-commercial
($67,000)
0.0%
$160,000
$0
0.0%
0.0%
$25,000
$0
0.0%
$395,540
2.8%
$14,800,000
$795,540
5.7%
$199,700
5.5%
$4,100,000
$499,700
13.9%
$0
Sewer Sales
$5,014,779
$5,008,000
$5,300,000
$292,000
5.8%
$5,500,000
$492,000
9.8%
Sanitation Sales
$1,713,291
$1,745,000
$1,745,000
$0
0.0%
$1,775,000
$30,000
1.7%
Other utility charges
$607,650
$394,000
$402,000
$8,000
2.0%
$464,000
$70,000
17.8%
$24,808,171
$24,936,760
$25,765,000
$828,240
3.3%
$26,824,000
$1,887,240
7.6%
$6,833,055
$6,919,455
$6,916,455
($3,000)
0.0%
$6,806,738
$470,390
$501,468
$496,944
($4,524)
-0.9%
$522,856
$21,388
4.3%
$12,902,427
$11,675,053
$12,599,270
$924,217
7.9%
$12,921,251
$1,246,198
10.7%
Wastewater
$4,250,539
$2,411,300
$4,483,411
$2,072,111
85.9%
$4,584,906
$2,173,606
90.1%
Sanitation
$1,221,062
$1,300,000
$1,280,000
-1.5%
$1,300,000
$0
0.0%
$25,677,473
$22,807,276
$25,776,080
13.0%
$26,135,751
$3,328,475
14.6%
Total Revenues
EXPENSES
Debt Service
Utility Billing
Water
Total Expenses
Net Revenues
($869,302)
Transfers In
$0
Developers Contributions
$0
$2,129,484
$0
$50,000
($11,080)
($20,000)
$2,968,804
($2,140,564)
$5,000,000
$50,000
$688,249
-1.6%
($1,441,235)
$1,300,000
$50,000
Transfers Out
($915,116)
($999,470)
($1,232,600)
Total Other Sources (Uses)
($915,116)
($949,470)
$3,817,400
$223,040
($1,126,960)
Beginning working capital
$5,023,299
$3,238,881
$3,238,881
$7,045,201
Ending fund balance
$3,238,881
$4,418,895
$7,045,201
$7,956,490
46
71
100
111
No. of days working capital
($112,717)
FY 2017 Highlights:
• The Utility Fund revenues are projected at $26,824,000 for an increase of $1,887,240. This is a 7.6% increase when
compared with the FY 2016 Adopted Budget.
• Personnel: The Utility Fund includes funding for the employees needed to manage and operate the City’s utility
system. This fund will cover its portion of employee pay adjustments and the increases in benefit costs as described in
the General Fund portion of this letter.
• Other expenditures: Funding has been requested for equipment and facility improvements that include the meter
replacement program ($425,250), water rate increase - City of Fort Worth ($250,000), Sewer treatment cost
increase - Trinity River Authority ($57,000), contract services - water peaking charges study ($40,000) and
chlorine sensors for water storage facilities ($92,440).
• The FY 2017 Proposed Utility Fund budget provides 111 days of working capital. This exceeds the City’s fund
balance policy for the Utility Fund, which states that the “…goal shall be to maintain a fund balance of 60 days of
working capital in the Utility Fund…with the optimum goal of 90 days of working capital.”
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321
Utility Fund
Utility Fund Summary
322
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