Page 241 - Approved Annual Budget FY 2019-2020_Flat

City of McAllen, Texas
Water Fund
Working Capital Summary

Actual Adj. Budget Estimated Budget
17-18 18-19 18-19 19-20
RESOURCES
BEGINNING WORKING CAPITAL $ 5,432,164 $ 6,085,061 $ 6,364,255 $ 5,635,087
Revenues:
Residential Water Sales 10,900,711 13,354,613 10,604,051 14,371,367
Commercial Water Sales 5,866,055 6,193,436 5,533,398 6,499,482
Industrial Water Sales 404,538 520,287 404,538 541,053
Regional Water Sales 170,606 340,000 170,606 340,000
Misc. Operating Revenues 467,998 400,000 458,908 400,000
Tap Fees 437,100 450,000 279,150 450,000
Connect Fees 190,850 180,000 174,900 180,000
Reconnect Fees 222,140 190,000 201,750 190,000
Billing Charges 460,000 460,000 460,000 460,000
Reimbursements 138,352 35,500 42,632 35,500
Misc. Non-Operating Revenues 255,083 235,000 321,703 235,000
Interest Earned 102,386 78,355 302,563 84,526
Total Revenues 19,615,819 22,437,191 18,954,199 23,786,928
TOTAL RESOURCES $ 25,047,983 $ 28,522,252 $ 25,318,454 $ 29,422,015

Operating Expenses:
Administration and General/Benefits $ 1,415,812 $ 1,758,156 $ 1,720,096 $ 1,928,735
Employee Benefits/Contingency 54,500 (6,119) 40,500 270,075
Liability and Misc. Insurance 39,060 55,099 55,099 55,099
Water Treatment Plant 4,340,660 4,607,361 4,541,769 4,710,888
Cost of Raw Water 2,457,543 2,684,771 2,684,771 2,597,311
Water Laboratory 357,624 418,111 408,050 439,102
Transmission & Distribution 2,270,722 2,740,585 2,390,245 2,788,607
Water Meter Readers 945,457 1,024,058 962,299 1,104,560
Utility Billing 746,686 830,118 758,735 825,915
Customer Relations 934,717 1,083,367 1,062,464 1,090,978
Treasury Management 415,328 509,386 485,870 563,573
Total Operations 13,978,110 15,704,893 15,109,898 16,374,843
Non-operating Expense:
Transfers To Depreciation Fund 1,509,112 1,662,672 1,588,215 1,600,986
Transfers to Debt Service-2015 Issue 1,074,110 1,087,016 1,094,324 1,088,612
Transfers to Debt Service-2016 Issue 1,070,124 1,041,826 967,077 805,917

Transfers to Debt Service-2018 Issues - 532,724 356,513 527,040
Transfers to Capital Improvements 1,037,643 1,170,921 (299,079) 1,271,960
Other Non-operating expenses 75,414 472,651 626,698 207,352
TOTAL APPROPRIATIONS $ 18,744,513 $ 21,672,703 $ 19,443,646 $ 21,876,710

Revenues over/(under) Expenditures 871,306 764,488 (489,447) 1,910,218
Other Changes Affecting Working Capital 60,784 - (239,721) (261,514)
ENDING WORKING CAPITAL $ 6,364,255 $ 6,849,549 $ 5,635,087 $ 7,283,791

- 192 -