CIP FY 24-28 9-7-23 FINAL Version - Flipbook - Page 23
Capital Improvements Plan
Table 4
Stormwater Utility
Funding
Actual
Actual
FY 20-21
FY 21-22
Budgeted Estimated Projected Projected Projected Projected
FY 22-23
FY 22-23
FY 23-24
FY 24-25
FY 25-26
Projected
FY 26-27
FY 27-28
Fund Balance, Beginning
of the Year
$ 662,649 $ 740,513 $ 568,306 $ 720,321 $ 707,546 $ 603,253 $ 547,191 $ 528,848 $ 718,604
Revenue
850,806 860,596
859,770
872,000
875,000
901,250
928,288
956,136
984,820
Interest Earnings
1,064
2,375
667
14,055
15,000
15,450
15,914
16,391
16,883
Other Revenue
2,510
1,000
100
200
206
212
219
225
Total Revenue
851,870 865,481
861,437
886,155
890,200
916,906
944,413
972,746 1,001,928
1,514,519 1,605,994
Total Funding Available
Less:
Operating Expenditures
Transfer Funds Out to Street
Impr.
CIP Projects
Total Expenses
Net Operating Income
(Loss)
Fund Balance, End of
Year
$
1,429,743
1,606,476 1,597,746 1,520,159 1,491,605
1,501,593
1,720,532
358,552
344,298
461,999
461,999
469,493
492,968
507,757
522,989
538,679
260,000
155,454
774,006
260,000
281,375
885,673
260,000
60,000
781,999
260,000
176,931
898,930
260,000
265,000
994,493
260,000
220,000
972,968
260,000
195,000
962,757
260,000
782,989
260,000
855,000
1,653,679
77,864
(20,192)
79,438
(12,775) (104,293)
(56,062)
(18,343)
189,756
(651,751)
740,513 $ 720,321 $ 647,744 $ 707,546 $ 603,253 $ 547,191 $ 528,848 $ 718,604 $
Notes:
1. Beginning Fund Balance in FY20-21 ties with CAFR FY 19-20 Year-end Balance
2. Revenue projections going forward include a 3% increase per year for FY 24/28
3. Expenditures projections going forward include a 5% increase per year for FY
23/25 (inflation)
4. Expenditures projections going forward include a 3% increase per year for FY
26/28 (inflation easing)
5. CIP Expenditures projections for 23/24, through 27/28 indicated according to the
estimated CIP projects
23
66,853