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<br />balance of $7.28 million which equals 40.2 percent of FY 2024/25 operating expenses.
<br />The City’s policy requires reserves equal to a minimum of 30.0 percent, a maximum of
<br />40.0 percent and a target of 35.0 percent.
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<br />Table 7. Sewer Operations and Maintenance Fund Overview
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<br />Repair and Replacement Funds
<br />As shown in Table 8 below, there is an overall decrease in the expenditure by $0.06
<br />million and an increase in the revenue budget by $0.10 million
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<br />FY 2024 Adopted Recommended Mid-Term
<br />Sewer (O&M) Modified Budget Budget Adjustments Budget
<br />Beginning Balance $7,605,048 $7,197,131 $7,197,131
<br />Revenues 16,529,500 17,222,500 $862,310 18,084,810
<br />Net Transfers 1,134,000 135,000 - 135,000
<br />Expenses
<br />DSRSD (11,330,000) (11,300,000) (370,000) (11,670,000)
<br />All other expenses (6,741,417) (6,123,410) (341,496) (6,464,906)
<br />Total Expenses (18,071,417) (17,423,410) (711,496) (18,134,906)
<br />Net Income (407,917) (65,910) 150,814 84,904
<br />Ending Balance $7,197,131 $7,131,221 $7,282,035
<br />FY 2025
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