Issue link: https://www.e-digitaleditions.com/i/850954
PADRE DAM MUNICIPAL WATER DISTRICT FIVE YEAR BUDGET FY '18‐FY '22 POTABLE WATER OPERATION FY '18 FY '19 FY '20 FY '21 FY '22 TOTALS Revenue: Water Sales 26,052,289 $ 26,832,921 $ 27,636,971 $ 28,465,142 $ 29,318,159 $ 138,305,483 $ 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 ‐ ‐ ‐ ‐ ‐ ‐ Padre Dam Sewer Processing Revenue ‐ ‐ ‐ ‐ ‐ ‐ Sewer Revenues ‐ ‐ ‐ ‐ ‐ ‐ System Charges 9,236,000 9,513,080 9,798,472 10,092,427 10,395,199 49,035,178 Park Fees ‐ ‐ ‐ ‐ ‐ ‐ Property Tax Subvention 2,821,059 2,877,000 2,935,000 2,994,000 3,054,000 14,681,059 Other Revenues 978,614 1,008,000 1,038,000 1,069,000 1,101,000 5,194,614 Total Operating Revenues 41,171,261 $ 42,314,300 $ 43,491,742 $ 44,703,868 $ 45,951,658 $ 217,632,829 $ 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 ‐ ‐ ‐ ‐ ‐ ‐ Padre Sewer Treatment ‐ ‐ ‐ ‐ ‐ ‐ Fish Stock/Propane/General Store ‐ ‐ ‐ ‐ ‐ ‐ Total Direct Costs 16,602,845 $ 16,602,845 $ 16,602,845 $ 16,602,845 $ 16,602,845 $ 83,014,227 $ Revenues Available for Operating Expenses 24,568,416 $ 25,711,454 $ 26,888,897 $ 28,101,023 $ 29,348,812 $ 134,618,601 $ Operating Expenses Salary and Wages 7,266,559 7,533,063 7,883,916 8,205,423 8,515,536 39,404,496 Employee Benefits 4,494,821 5,008,491 5,646,328 6,221,307 6,892,883 28,263,830 Professional Services 3,298,765 2,208,374 2,267,081 1,934,978 1,812,579 11,521,777 Materials, Supplies, Vehicle & Building 2,174,404 2,220,975 2,230,559 2,022,780 1,961,853 10,610,570 Utilities 132,332 141,133 150,862 160,979 172,314 757,620 Administrative Expenses 727,918 753,489 731,946 747,785 782,781 3,743,919 Billing Credits (1,106,201) (982,581) (1,068,982) (933,663) (987,088) (5,078,515) Subtotal 16,988,597 $ 16,882,944 $ 17,841,710 $ 18,359,588 $ 19,150,858 $ 89,223,696 $ Depreciation/Amortization 4,899,343 5,161,846 5,351,571 5,464,144 5,599,206 26,476,108 Total Operating Expense 21,887,940 $ 22,044,789 $ 23,193,280 $ 23,823,731 $ 24,750,063 $ 115,699,804 $ Income / (Loss) from Operations 2,680,476 $ 3,666,665 $ 3,695,617 $ 4,277,291 $ 4,598,749 $ 18,918,798 $ Non‐Operating Activity: Interest Expense (1,528,164) (1,790,613) (1,680,000) (1,588,367) (1,497,211) (8,084,355) Interest Income (Non CEF) 50,000 50,000 30,000 20,000 10,000 160,000 Interest Income (CEF) ‐ ‐ ‐ ‐ ‐ ‐ Total Non‐Operating Income/(Expense) (1,478,164) $ (1,740,613) $ (1,650,000) $ (1,568,367) $ (1,487,211) $ (7,924,355) $ Net Income/(Loss) 1,202,312 $ 1,926,052 $ 2,045,617 $ 2,708,924 $ 3,111,538 $ 10,994,442 $ Beginning Fund Balance 25,301,062 $ 24,574,644 $ 18,231,903 $ 20,443,284 $ 22,801,954 $ 25,301,062 $ Fund Balance Activity (726,418) (6,342,741) 2,211,381 2,358,670 1,511,690 (987,418) Ending Fund Balance 24,574,644 $ 18,231,903 $ 20,443,284 $ 22,801,954 $ 24,313,644 $ 24,313,644 $ Ensuring a Strong Future