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<br />Utility Fund Expenses
<br />
<br />The Utility fund expenses for fiscal year 94-95 are currently estimated at $5,657,596, which is $241.052, or 4.09%.
<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 1994-95 1994-95 Variance Percent
<br />Water Production $ 343,117 336,650 (6,467) -1.88%
<br />Water Distribution 456,409 391,189 (65,220) -14.29%
<br />Wastewater Collection 689,873 658,916 (30,957) -4.49%
<br />Wastewater Treatment 681,423 648.536 (32,887) -4.83%
<br />Utility Billing 445,153 430,305 (14,848) -3.34%
<br />Non-departmental 3.282.673 3.192.000 (90.673) -2.76%
<br />Total Expenses $ 5,898,648 5,657,596 (241,052) -4.09%
<br />
<br />The first four of the six division 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 as well In the
<br />Charges and Service categories. As with the General Fund budgets, we studied the turnover trends and should be
<br />able to reduce this under budget amount in future years by reducing the amount needed to be budgeted for
<br />personal services.
<br />
<br />The expenses for the new year are budgeted at $6,092.782, which Is $194,134, or 3.29% greater than the current
<br />fiscal year. The expenses. by department. for the' current fiscal year are shown below:
<br />
<br /> Budget Budget
<br />Division 1994-95 1995-96 Change Percent
<br />Water Production $ 343,117 367.431 24,314 7.09%
<br />Water Distribution 456,409 456,761 352 0.08%
<br />Wastewater Collection 689.873 723,202 33,329 4.83%
<br />Wastewater Treatment 681,423 707,201 25.778 3.78%
<br />Utility Billing 445,153 455,187 10,034 2.25%
<br />Non-departmental 3.282.673 3.383.000 100.327 3.06%
<br />Total Expenses $ 5,898,648 6.092,782 194,134 3.29%
<br />Utility Fund Overall Fund Condition
<br />
<br />The projected end-of-year working capital balance for the Utility Fund is $1.308,752 which is approximately 21.4%,
<br />or 78 days of budgeted expenses. While this is below the targeted balance of 90 to 120 days of working capital as
<br />called for in the City's Financial Management Policies, we believe it to be sufficient for the year. In all probability.
<br />the Utility Fund will again achieve the working capital target of 90 to 120 days in the 1996-97 Budget year.
<br />
<br />Other Enterprise Funds
<br />
<br />All enterprise funds meet or exceed the working capital targets outlined in the financial management plan. One item
<br />of Interest in these funds involves the Golf Course. The Golf Course will set aside $160,000 in the new year which
<br />will be added to $160,000 set aside In the current year to fund an expansion of its club house area.
<br />
<br />1-9
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