12162008 Regular Meeting - Laserfiche WebLink

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Water/Wastewater Utility Fund The budgeted revenues for this fund are budgeted at nearly $25.3 Million. Charges from current services comprise approximately 95.52% of the total budgeted revenues for the year. The Water/Wastewater Utility Fund receives approximately $822,059 per year in other revenue sources such as water taps and debt service reimbursements from the Guadalupe -Blanco River Authority. Budgeted expenditures for the Water/Wastewater Utility Fund are approximately $31 Million. A management decision was made during the 2008 budget process to spend some of the City's Fund Balance Reserves through a one -time operating expenditure of $7.6 Million. The San Marcos Water /Wastewater Utility expenditures for the year are $35.7 Million. The largest expenditure category for this Fund stems from expenses related to Contracted Services and Debt Service payments. Debt Service expenditures occur in February and August each year. Budgeted personnel expenditures only comprise 17.02% of the total operating budget for the Water /Wastewater Utility Fund because a large portion of utility services are provided through a private contractor. Electric Utility Fund The anticipated revenues for this fund are budgeted at $52.6 Million. Charges from current services comprise approximately 97.3% of the total budgeted revenues for the year. The Electric Utility Fund is reimbursed by the Water Fund $750,000 per year for providing services related to Meter Reading and Utility Billing. Other Revenue is estimated at $189,416 for the year. The Electric Utility realized approximately $50.1 Million of its total operating revenues for the year. The Electric Utility Fund has established the Fiscal Year 2008 budgeted expenditures at approximately $51.5 Million. The San Marcos Electric Utility has expended $51.6 Million of its annual budgeted operating expenditures for the year. The majority of these expenditures are attributable to the purchase of electricity which is found in the contracted services line -item. Year -to -Date contracted services expenditures are currently at $37.8 Million. Drainage Utility Fund The anticipated revenues for this fund are predicted to exceed $1.29 Million. This revenue shortfall stems from a management decision to spend some of the City's Fund Balance Reserves through a one -time operating expenditure of $150,000. This management decision was approved during the FY 2008 annual budget process. The Drainage Utility Fund has already realized approximately $1.4 Million of its total budget revenue for the year which is a strong financial indicator for the utility. The Drainage Utility Fund has established the Fiscal Year 2008 budgeted expenditures at $1.38 Million. The San Marcos Drainage Utility has expended $1.5 Million of its annual budgeted operating expenditures for the year. One of the largest expenditure category for this fund stems from