PADRE DAM

Five Year Business Plan: Fiscal Year 2018-2022

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PADRE DAM MUNICIPAL WATER DISTRICT FIVE YEAR BUDGET FY '18‐FY '22 COMBINED OPERATIONS FY '18 FY '19 FY '20 FY '21 FY '22 TOTALS Revenue: Water Sales 28,095,809 $ 28,958,181 $ 29,847,242 $ 30,763,825 $ 31,708,789 $ 149,373,846 $ Infrastructure Access Charge 907,500 907,500 907,500 907,500 907,500 4,537,500 Energy Billings 1,175,799 1,175,799 1,175,799 1,175,799 1,175,799 5,878,995 CWA/Metro Recycled Water Credits 364,489 364,000 364,000 364,000 364,000 1,820,489 Padre Dam Sewer Processing Revenue 1,066,885 1,066,885 1,066,885 1,066,885 1,066,885 5,334,425 Sewer Revenues 15,500,935 15,965,963 16,444,941 16,938,290 17,446,438 82,296,566 System Charges 9,412,000 9,696,120 9,988,834 10,290,403 10,601,094 49,988,451 Park Fees 5,894,511 6,041,874 6,483,549 6,742,891 7,012,606 32,175,430 Property Tax Subvention 2,821,059 2,877,000 2,935,000 2,994,000 3,054,000 14,681,059 Other Revenues 994,064 1,024,000 1,054,000 1,085,000 1,117,000 5,274,064 Total Operating Revenues 66,233,050 $ 68,077,322 $ 70,267,750 $ 72,328,591 $ 74,454,112 $ 351,360,825 $ Direct Costs: Water Purchases 14,519,546 14,519,546 14,519,546 14,519,546 14,519,546 72,597,732 Infrastructure Access Charge 907,500 907,500 907,500 907,500 907,500 4,537,500 Energy Purchases 1,175,799 1,175,799 1,175,799 1,175,799 1,175,799 5,878,995 Sewer Metro Costs 3,919,897 3,919,897 3,919,897 3,919,897 3,919,897 19,599,484 Padre Sewer Treatment 1,066,885 1,066,885 1,066,885 1,066,885 1,066,885 5,334,425 Fish Stock/Propane/General Store 346,967 355,641 369,868 384,662 400,048 1,857,186 Total Direct Costs 21,936,594 $ 21,945,268 $ 21,959,495 $ 21,974,289 $ 21,989,675 $ 109,805,322 $ Revenues Available for Operating Expenses 44,296,456 $ 46,132,054 $ 48,308,255 $ 50,354,302 $ 52,464,437 $ 241,555,504 $ Operating Expenses Salary and Wages 12,676,136 13,146,791 13,769,428 14,354,119 14,926,634 68,873,108 Employee Benefits 8,118,602 9,049,618 10,198,876 11,249,234 12,468,902 51,085,231 Professional Services 5,146,876 3,555,598 3,651,972 3,173,145 3,000,502 18,528,094 Materials, Supplies, Vehicle & Building 4,912,518 5,037,487 5,054,418 4,659,699 4,547,282 24,211,405 Utilities 1,688,532 1,792,776 1,905,352 2,019,546 2,144,643 9,550,849 Administrative Expenses 1,656,641 1,712,503 1,645,102 1,672,104 1,744,990 8,431,341 Billing Credits (1,442,320) (1,720,360) (1,296,320) (1,151,410) (1,225,180) (6,835,590) Subtotal 32,756,985 $ 32,574,413 $ 34,928,828 $ 35,976,437 $ 37,607,774 $ 173,844,437 $ Depreciation/Amortization 7,510,217 8,134,951 8,802,895 9,139,539 9,460,021 43,047,623 Total Operating Expense 40,267,202 $ 40,709,364 $ 43,731,723 $ 45,115,976 $ 47,067,795 $ 216,892,060 $ Income / (Loss) from Operations 4,029,254 $ 5,422,689 $ 4,576,532 $ 5,238,326 $ 5,396,642 $ 24,663,443 $ Non‐Operating Activity: Interest Expense (1,954,438) (2,250,835) (2,105,327) (1,976,550) (1,843,323) (10,130,473) Interest Income (Non CEF) 150,000 150,000 130,000 120,000 110,000 660,000 Interest Income (CEF) 50,000 40,000 40,000 40,000 40,000 210,000 Total Non‐Operating Income/(Expense) (1,754,438) $ (2,060,835) $ (1,935,327) $ (1,816,550) $ (1,693,323) $ (9,260,473) $ Net Income/(Loss) 2,274,816 $ 3,361,854 $ 2,641,205 $ 3,421,776 $ 3,703,319 $ 15,402,970 $ Beginning Fund Balance 95,451,161 $ 80,499,791 $ 71,446,776 $ 71,733,556 $ 75,279,237 $ 95,451,161 $ Fund Balance Activity (14,951,370) $ (9,053,016) $ 286,780 $ 3,545,682 $ 483,940 $ (19,687,983) $ Ending Fund Balance 80,499,791 $ 71,446,776 $ 71,733,556 $ 75,279,237 $ 75,763,177 $ 75,763,177 $ Ensuring a Strong Future

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