Issue link: https://www.e-digitaleditions.com/i/850954
PADRE DAM MUNICIPAL WATER DISTRICT FIVE YEAR BUDGET FY '18‐FY '22 RECYCLED WATER OPERATION FY '18 FY '19 FY '20 FY '21 FY '22 TOTALS Revenue: Water Sales 2,043,520 $ 2,125,261 $ 2,210,271 $ 2,298,682 $ 2,390,629 $ 11,068,363 $ Infrastructure Access Charge ‐ ‐ ‐ ‐ ‐ ‐ Energy Billings ‐ ‐ ‐ ‐ ‐ ‐ 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 ‐ ‐ ‐ ‐ ‐ ‐ System Charges 176,000 183,040 190,362 197,976 205,895 953,273 Park Fees ‐ ‐ ‐ ‐ ‐ ‐ Property Tax Subvention ‐ ‐ ‐ ‐ ‐ ‐ Other Revenues ‐ ‐ ‐ ‐ ‐ ‐ Total Operating Revenues 3,650,894 $ 3,739,186 $ 3,831,518 $ 3,927,543 $ 4,027,409 $ 19,176,550 $ Direct Costs: Water Purchases ‐ ‐ ‐ ‐ ‐ ‐ Infrastructure Access Charge ‐ ‐ ‐ ‐ ‐ ‐ Energy Purchases ‐ ‐ ‐ ‐ ‐ ‐ Sewer Metro Costs ‐ ‐ ‐ ‐ ‐ ‐ Padre Sewer Treatment ‐ ‐ ‐ ‐ ‐ ‐ Fish Stock/Propane ‐ ‐ ‐ ‐ ‐ ‐ Total Direct Costs ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ ‐ $ Revenues Available for Operating Expenses 3,650,894 $ 3,739,186 $ 3,831,518 $ 3,927,543 $ 4,027,409 $ 19,176,550 $ Operating Expenses Salary and Wages 932,722 966,930 1,011,965 1,053,233 1,093,039 5,057,890 Employee Benefits 603,302 672,248 757,859 835,034 925,174 3,793,618 Professional Services 219,982 147,268 151,183 129,036 120,874 768,344 Materials, Supplies, Vehicle & Building 337,701 344,934 346,422 314,153 304,690 1,647,901 Utilities 222,899 237,723 254,111 271,151 290,243 1,276,127 Administrative Expenses 107,766 111,551 108,362 110,707 115,888 554,273 Billing Credits (251,943) (213,171) (202,648) (208,498) (221,195) (1,097,454) Subtotal 2,172,430 $ 2,267,484 $ 2,427,255 $ 2,504,817 $ 2,628,714 $ 12,000,700 $ Depreciation/Amortization 810,376 931,950 1,068,477 1,155,381 1,246,904 5,213,089 Total Operating Expense 2,982,806 $ 3,199,434 $ 3,495,733 $ 3,660,198 $ 3,875,618 $ 17,213,789 $ Income / (Loss) from Operations 668,088 $ 539,752 $ 335,785 $ 267,345 $ 151,792 $ 1,962,761 $ Non‐Operating Activity: Interest Expense (24,238) (25,367) (19,536) (13,337) (2,936) (85,414) Interest Income (Non CEF) 30,000 30,000 30,000 30,000 30,000 150,000 Interest Income (CEF) ‐ ‐ ‐ ‐ ‐ ‐ Total Non‐Operating Income/(Expense) 5,762 $ 4,633 $ 10,464 $ 16,663 $ 27,064 $ 64,586 $ Net Income/(Loss) 673,849 $ 544,385 $ 346,249 $ 284,009 $ 178,855 $ 2,027,347 $ Beginning Fund Balance 11,111,801 $ 11,550,428 $ 10,303,475 $ 10,646,369 $ 11,129,532 $ 11,111,801 $ Fund Balance Activity 438,627 $ (1,246,954) $ 342,894 $ 483,163 $ 457,656 $ 475,387 $ Ending Fund Balance 11,550,428 $ 10,303,475 $ 10,646,369 $ 11,129,532 $ 11,587,188 $ 11,587,188 $ Ensuring a Strong Future