PUBLIC UTILITY FUNDS
Public Utility Fund Fund 502
This fund will begin FY 2021 with a working capital balance of $11,378,275 and will end with a projected working capital balance of $11,924,657, which represents a 4.7% increase in working capital balance throughout the year. This change in working capital balance is due to a slight increase in Water & Sewer Sales Revenue. Utility Build Construction Fund 505 This fund will begin FY 2021 with a FB of $2,015,779 and will end with a projected balance of $3,018,773, which represents a 99.7% decrease in FB throughout the year. This fund is being utilized for future construction of Public Utility building and will carry a FB until construction is complete. 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 2021 the CIP - Water and Sewer Fund will begin with a working capital balance of $8,153,860 and is projected to end with a negative balance of $5,487,712 which represents a 32.0% reduction in the working capital balance throughout the year. This reduction in the working capital balance is due to an increase in Capital Outlay for the 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 2021 with a working capital balance of $858,437 and will end the year with a balance of $1,099,925, which represents an increase of 24.7% in working capital balance throughout the year. Though revenue transferred into this fund remains flat (level), budgeted expenditures were less than revenues for FY2021.
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