FY2016-17 Budget Final

reduction in working capital balance is due to an increase in the transfer from Fund 502 Public Utility Fund, an increase in Miscellaneous Bond Proceeds, an increase in Debt Service fees, and an increase in water-related capital projects. STORM DRAINAGE UTILITY FUNDS Storm Drainage Utility Fund Fund 522 The Storm Drainage Utility Fund receives funding on a monthly basis from residential and commercial users of the storm water system. This fund will begin FY 2017 with a working capital balance of $1,230,702 and will end the year with a working capital balance of $1,122,162, which represents an 8.8% decrease in working capital balance throughout the year. Though revenue transferred into this fund remains flat (level), there was an increase in Personnel expenses due to an across-the-board salary increase of 1% for all full-time employees, and an increase in Transfers to Other Funds for capital projects. Drainage Equipment Replacement Fund Fund 524 The Drainage Equipment Replacement Fund is utilized for replacing large equipment associated with Storm Drainage functions. No transfers into or appropriations are budgeted for FY 2017. This fund will begin FY 2017 with a FB of $0 and will end the year with a FB of $0, which represents a 0% change in FB throughout the year. Drainage Improvements Fund Fund 528 This fund will begin FY 2017 with a FB of $1,161,835 and will end the year with a FB of $1,164,335, which represents a 0.2% increase in FB throughout the year. SANITATION ENTERPRISE FUNDS Sanitation Enterprise Fund Fund 552 This fund will begin FY 2017 with a working capital balance of $1,977,627 and will end with a projected working capital balance of $2,009,921, which represents a 1.6% increase in working capital balance throughout the year.

Sanitation Equipment Replacement Fund Fund 553

This fund will begin FY 2017 with a working capital balance of $105,389 and will end the year with a projected working capital FB of $5,389, which represents a 94.9% decrease throughout the year. This decrease is due to the planned purchase of capitalized motor vehicles in FY 2017.

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