PUBLIC UTILITY FUNDS
Public Utility Fund Fund 502
This fund will begin FY 202 4 with a working capital balance of $ 9 , 6 60 , 85 7 and will end with a projected working capital balance of $ 9,717,889 , which represents a . 6 % increase in working capital balance over the year.
Water Meter Replacement Fund Fund 50 3
This fund will begin FY 202 4 with a FB of $ 1 , 358 , 533 and will end with a projected balance of $ 2,068 , 533 which represents a 5 2 . 3 % in crease in FB over the year. This fund is being built up to fund future water meter replacements and will carry a fund
balance for that eventuality . CIP - Water and Sewer Fund Fund 508
The CIP - Water and Sewer Fund, a capital projects fund, receives funding from the Public Utility Fund. In FY 202 4 the CIP - Water and Sewer Fund will begin with a working capital balance of $ 804,739 and is projected to end with a balance of $ 924,739 , which represents a n 13 % increase in the working capital balance over the year. The increase is contributed to transfers from other funds to cover costs for future 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 202 4 with a working capital balance of $ 1,824,692 and will end the year with a balance of $ 1 ,781,602 which represents a de crease of 2.4 % in working capital balance over the year. The increase contributes to a slight increase of expenditures for a drainage master plan and manual .
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