Proposed FY2023-24 & Planning FY2024-25 Budget

DETAILS 522 STORM DRAINAGE UTILITY FUND CITY OF DESOTO

Actuals FY Actuals FY Budget FY Projected FY Proposed FY Planning FY

LINE ITEMS

2021

2022

2023

2023

2024

2025

31380 FUND BALANCE-BEGINNING

$927,013 $1,488,402 $1,606,866 $1,606,866

$1,804,524 $1,761,434

REVENUES 45460 DRAINAGE CHARGE 46060 INTEREST REVENUE

$ 1,604,123 $ 1,590,033 $ 1,580,000 $ 1,580,000 $

1,600,000 $ 1,600,000

$

2,968

$

9,454

$

1,000

$

1,000

$

25,000

$

25,000

TOTAL REVENUES

$ 1,607,091 $ 1,599,487 $ 1,581,000 $ 1,581,000 $

1,625,000 $ 1,625,000 3,429,524 $ 3,386,434

TOTAL AVAILABLE RESOURCES 2,257,610 $ $ 3,087,889 $ 3,167,698 $ 3,167,698 $

USES OF FUNDS 51020 GROUP INSURANCE-EMPLOYER 51050 FICA EXP.-EMPLOYER 51080 WORKER'S COMPENSATION

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

35,518 $ 13,898 $

39,278 $ 13,238 $

57,249 $ 23,831 $ 29,869 $ 19,000 $ 6,683 $

57,249 23,831 6,683 29,869 19,000 1,650

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

87,501 30,263 7,195 44,869

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

91,876 31,770 7,555 47,102

(448)

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

3,368

$ $ $ $ $ $ $ $ $ $ $ $

51110 TMRS-EMPLOYER

633

(300)

51140 SALARY & BENEFIT ADJUSTMENTS

-

-

-

-

51290 PIP INCENTIVE PROGRAM

2,176

1,541

1,650

$

1,650

1,650

51470 SALARIES

158,421 $

164,625 $

300,057 $

300,057 $

381,183 $

400,242

$

6,300

51530 SALARIES OVERTIME 51590 CERTIFICATION PAY

9,207

6,135

6,244

6,244

6,615

945 979

900

900

900

$

900

900 932

51650 LONGEVITY PAY

2,040

1,836

2,744

$

2,744

PERSONNEL

222,345 $

230,621 $

448,227 $

448,227 $

560,793 $

588,734

53040 OTHER EQUIPMENT

5

-

-

$ $ $ $

-

-

-

53340 OFFICE SUPPLIES/EQUIPMENT

1,030 2,407

5,309 2,474

6,000 5,000

6,000 5,000

6,000 5,000

6,000 5,000

53680 VEHICLE FUEL

53800 PROGRAM FOOD & REFRESHMENTS

-

-

-

-

900

900

SUPPLIES

3,442

7,783

11,000 $

11,000

11,900

11,900

52310 ADMIN COST REIMB TO 101 GEN FD

102,673 $

102,673 $

102,673 $

102,673 $

102,673 $

102,673

52230 POSTAGE

233

273

$

500

$

500

500

500

54050 REPAIR & MAINTENANCE 55090 PROFESSIONAL SERVICES

6,374 62,418

24,956 $

50,000 $ 323,750 $

50,000

50,000

50,000 300,000

4,040

$ $ $ $ $

110,000 $

300,000 $

55120 ADVERTISING

-

-

-

$ $ $ $

-

500

500

55125 PRINTING & BINDING

129 325 970

94

500 500

500 500

1,000

1,000

55230 MEMBERSHIPS & SUBSCRIPTIONS 55235 TRAINING AND TRAVEL EXPENSES 55415 OTHER CONTRACTUAL SERVICES

535

500

500

3,592

6,000

6,000 33,499

6,300 33,499

6,300 33,499

26,700 $

26,700 $

33,499 $

57770 BAD DEBT EXPENSE

-

$

-

$

-

$

-

-

-

SERVICES AND PROFESSIONAL FEES

199,821 $

162,862 $

517,422 $

303,672 $

494,972 $

494,972

50775 PAYING/ESCROW AGENT EXPENSES

- -

$ $

- -

$ $

350 350

$ $

350 350

$ $

500 500

$ $

500 500

599,925 $ 1,099,925 $ 599,925 $ 1,099,925 $

599,925 $ 599,925 $

59528 TRANS TO 528-DRAINAGE CAPITAL

599,925 $ 599,925 $

599,925 $ 599,925 $

599,925 599,925

TRANSFERS TO OTHER FUNDS

STORM DRAINAGE UTILITY FUND

$ 1,025,534 $ 1,501,191 $ 1,576,924 $ 1,363,174 $

1,668,090 $ 1,696,031

WORKING CAPITAL-ENDING 1,232,077 $ $ 1,586,698 $ 1,590,774 $ 1,804,524 $

1,761,434 $ 1,690,404

Minimum Reserve Requirement 16% Target Reserve Requirement 25% Maxium Reserve Requirement 30%

164,085 256,383 307,660

240,190 375,298 450,357

252,308 394,231 473,077

218,108 340,794 408,952

266,894 417,023 500,427

271,365 424,008 508,809

Over/(Under) Target Reserve Requirement Over/(Under) Minimum Reserve Requirement Over/(Under) Maxium Reserve Requirement

$1,067,991 975,693 $924,417

$1,346,508

$1,338,467

$1,586,417 1,463,731 $1,395,572

$1,494,540 1,344,412 $1,261,007

$1,419,039 1,266,396 $1,181,595

$

$

1,211,401 $

1,196,543 $

$

$

$1,136,341

$1,117,697

Note:

Revenues based on $6 Residential customers and $24 for Commercial customers

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