DeSoto FY21-FY22 Budget Book

PUBLIC UTILITY FUNDS

Public Utility Fund Fund 502

This fund will begin FY 202 2 with a working capital balance of $1 2 , 860 , 081 and will end with a projected working capital balance of $11, 455 , 291 , which represents a 10 . 9 % de crease in working capital balance throughout the year. This change in working capital balance is due to steady Water & Sewer rates against increasing costs. Utility Build Construction Fund 505 This fund will begin FY 202 2 with a FB of $ 3 ,01 9 , 297 and will end with a projected balance of $ 4 ,0 22 , 297 , which represents a 33 . 2 % decrease in FB throughout the year. This fund is being built up to fund future construction of a Public Utility building and will carry a fund balance unt il construction is completed . 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 2 the CIP - Water and Sewer Fund will begin with a working capital balance of $ 10 , 393 , 934 and is projected to end with a negative balance of $ 7 , 702 , 933, w hich represents a 25 . 9 % reduction in the working capital balance throughout the year. This reduction in the working capital balance is due to significant c apital o utlay s for replacement of water and sewer lines throughout the City. 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 2 with a working capital balance of $ 1,134 , 85 4 and will end the year with a balance of $1, 462 , 230 , which represents an increase of 28 . 8 % in working capital balance throughout the year. Though revenue transferred into this fund remains flat (level), budgeted expenditures a re less than budgeted revenues for FY202 2 .

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