Page 234 - Budget Book FY2020-2021

City of McAllen, Texas
Water Fund
Working Capital Summary

Actual Adj. Budget Estimated Budget
18-19 19-20 19-20 20-21
RESOURCES
BEGINNING WORKING CAPITAL $ 6,364,255 $ 5,635,087 $ 7,483,742 $ 8,463,536
Revenues:
Residential Water Sales 10,705,875 14,371,367 13,033,146 14,428,560
Commercial Water Sales 5,542,633 6,499,482 6,814,176 6,508,437
Industrial Water Sales 341,217 541,053 398,694 541,053
Regional Water Sales 97,138 340,000 189,966 340,000
Misc. Operating Revenues 469,909 400,000 422,346 400,000
Tap Fees 288,200 450,000 265,525 450,000
Connect Fees 182,075 180,000 157,150 180,000
Reconnect Fees 194,600 190,000 170,025 190,000
Billing Charges 460,000 460,000 460,000 460,000
Reimbursements 45,826 35,000 14,480 35,000
Misc. Non-Operating Revenues 324,884 235,500 339,837 235,500
Interest Earned 399,671 84,526 244,641 84,635
Total Revenues 19,052,028 23,786,928 22,509,986 23,853,185
TOTAL RESOURCES $ 25,416,283 $ 29,422,015 $ 29,993,728 $ 32,316,721

Operating Expenses:
Administration and General/Benefits $ 1,921,899 $ 1,955,948 $ 1,822,243 $ 1,885,265
Employee Benefits/Contingency 48,000 123,477 3,500 219,182
Liability and Misc. Insurance 39,060 55,099 55,099 55,099
Water Treatment Plant 4,176,241 4,739,853 4,735,913 4,931,729
Cost of Raw Water 2,089,621 2,597,311 2,597,311 2,593,905
Water Laboratory 397,483 444,954 441,591 449,758
Transmission & Distribution 2,172,184 2,826,456 2,652,653 3,024,951
Water Meter Readers 919,879 1,120,102 1,024,516 1,120,368
Utility Billing 760,881 833,963 788,244 863,692
Customer Relations 943,727 1,108,154 1,120,942 1,078,085
Treasury Management 450,311 569,526 531,533 580,086
Total Operations 13,919,288 16,374,843 15,773,545 16,802,120
Non-operating Expense:
Transfers To Depreciation Fund 1,590,160 1,600,986 1,594,252 1,606,935
Transfers to Debt Service-2015 Issue 1,082,191 1,088,612 1,088,612 1,090,082
Transfers to Debt Service-2016 Issue 1,037,439 805,917 805,917 803,552
Transfers to Debt Service-2018 Issues 372,947 527,040 527,040 530,143
Transfers to Planned Debt Service - - - 220,917
Transfers to Capital Improvements 1,170,921 1,271,960 1,271,960 1,875,415
Other Non-operating expenses 593,632 207,352 207,352 101,370
TOTAL APPROPRIATIONS $ 19,766,578 $ 21,876,710 $ 21,268,678 $ 23,030,534
Revenues over/(under) Expenditures (714,550) 1,910,218 1,241,308 822,651
Other Changes Affecting Working Capital 1,834,036 (261,514) (261,514) (89,158)
ENDING WORKING CAPITAL $ 7,483,742 $ 7,283,791 $ 8,463,536 $ 9,197,029

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