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<br />Utility Fund Revenues
<br />
<br />The Utility Fund revenues for fiscal year 1993-94 are currently estimated at $5,595,300, which Is $54,850, or 0.99%,
<br />greater than our original budget projection. The revenues, by revenue category, for the current fiscal year are shown
<br />below:
<br />
<br /> Original Projection Current Estimate
<br />Category 1993-94 1993-94 Variance Percent
<br />Water $ 2,638,000 2,667,400 29,400 1.11%
<br />Sewer 2,775,500 2,795,000 19,500 0.70%
<br />Other 126.950 132.900 5.950 4.69%
<br />Total Revenue $ 5,540,450 5,595,300 54,850 0.99%
<br />
<br />Water and sewer revenues are dependent on seasonal factors such as rainfall. The City did not experience a tropical
<br />stonn, hurricane or experience an extremely wet year and our revenues should be as originally planned.
<br />
<br />The revenues for the new fiscal year are projected at $5,657,900, which Is $117,450, or 2.12%, greater than they were
<br />In the current year. The revenues, by revenue category, for the new fiscal year are shown below:
<br />
<br /> Original Projection Projection
<br />Category 1993-94 1994-95 Change Percent
<br />Water $ 2,638,000 2,696,200 58,200 2.21%
<br />Sewer 2,775,500 2,830,000 54,500 1.96%
<br />Other 126.950 131.700 4.750 3.74%
<br />Total Revenue $ 5,540,450 5,657,900 117,450 2.12%
<br />
<br />There are no planned Increases In rates In the Utility Fund. The Increases are projected to be caused by the
<br />Increase In service customers caused by new construction In the City.
<br />
<br />Utility Fund Expenses
<br />
<br />The Utility fund expenses for fiscal year 93-94 are currently estimated at $5,438,846, which Is $383,180, or 6.58%,
<br />lower than our original budget The expenses, by division, for the current fiscal year are shown below:
<br />
<br /> Budget Current Estimate
<br />Division 1993-94 1993-94 Variance Percent
<br />Water Production $ 341,552 307,837 33,715 9.87%
<br />Water Distribution 457,704 416,995 40,709 8.89%
<br />Wastewater Collection 687,769 631,112 56,657 8.24%
<br />Wastewater Treatment 701,635 638,762 62,873 8.96%
<br />Utility Billing 439,366 420,640 18,726 4.26%
<br />Non.<:fepartmental 3.194.000 3.023.500 170.500 5.34%
<br />Total Expenses $ 5,822,026 5,438,846 383,180 6.58%
<br />
<br />The first four of the six dlvlsJon listed above are accounted for under the Public Works Department with the remaining
<br />two falling under the Finance Department. All divisions were under budget In the Personal Services category. As
<br />with the General Fund budgets, we studied the turnover trends and should be able to reduce this under budget
<br />amount In future years by reducing the amount needed to be budgeted for personal services.
<br />
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