2024 Draft Budget
Budget table here
| Actual Year Ending December 31, 2022 | Projected Year
Ending 2023
|
Budget Jan 1 - Dec 31 2024 | ||
| Ordinary Income/Expense | Increase %5 sales &Base Fees | |||
| Income | ||||
| 0-489 · Water disconnect/reconnect fee | $50 | $200 | ||
| Water Sales | ||||
| 0-461 · Metered Sales to Retail | 1,97,032.05 | $2,44,181 | $2,56,390 | 5% rate increase |
| 0-461-1 · Base Fees Retail | 2,04,892.41 | $2,41,614 | $2,53,695 | 5% rate increase |
| 0-461-2 · Sales - Retail | 59,351.00 | $1,48,180 | $1,55,589 | 5% rate increase |
| 0-461-3 · Premiums Retail | 59,351.00 | $148,180 | $155,589 | 5% rate increase |
| Total 0-461 · Metered Sales to Retail | 461,275 | $633,975 | $665,673 | |
| 0-462 · Metered Sales to Bulk Users | ||||
| 0-462-1 · Base Fees Bulk | 58,047.67 | $72,479 | $76,103 | 5% rate increase |
| 0-462-2 · Sales Bulk | 87,876.33 | $62,464 | $65,588 | 5% rate increase |
| 0-462-3 · Premiums Bulk | 0.00 | $31 | $32 | |
| Income | ||||
| Actual Year Ending December 31, 2022 | Projected Year | Budget Jan 1 - Dec 31 2024 | ||
|---|---|---|---|---|
| Ordinary Income/Expense | Increase %5 sales &Base Fees | |||
| Income | ||||
| 0-489 · Water disconnect/reconnect fee | $50 | $200 | ||
| Water Sales | ||||
| 0-461 · Metered Sales to Retail | ||||
| 0-461-1 · Base Fees Retail | 197,032.05 | $244,181 | $256,390 | 5% rate increase |
| 0-461-2 · Sales - Retail | 204,892.41 | $241,614 | $253,695 | 5% rate increase |
| 0-461-3 · Premiums Retail | 59,351.00 | $148,180 | $155,589 | 5% rate increase |
| Total 0-461 · Metered Sales to Retail | 461,275 | $633,975 | $665,673 | |
| 0-462 · Metered Sales to Bulk Users | ||||
| 0-462-1 · Base Fees Bulk | 58,047.67 | $72,479 | $76,103 | 5% rate increase |
| 0-462-2 · Sales Bulk | 87,876.33 | $62,464 | $65,588 | 5% rate increase |
| 0-462-3 · Premiums Bulk | 0 | $31 | $32 | |
| 0-462-4 LPWWA Base Fees | 50,731.38 | $58,097 | $61,002 | |
| 0-462-5 LPWWA Water Sales | 17,508.52 | $48,218 | $50,629 | |
| 0-462-6 LPWWA Sales Not Per-Gallon | 13,426.78 | |||
| Total 0-462 · Metered Sales to Bulk User | $227,591 | $241,289 | $253,354 | |
| Total Water Sales | 688,866 | $875,264 | $919,027 | |
| 0-500 · Late Fee Revenue | 4,721.00 | $7,771 | $5,000 | |
| 0-419 · Interest and Dividend Income | 39.56 | $387 | $750 | |
| 0-421 · Nonutility Income | 5,215.36 | $4,400 | $4,000 | |
| 0-485 · Meter Installation Fees transfer from operating reserve fund | 8,200.00 | $3,000 | $10,000 | |
| Total Income | 707,042 | $890,872 | $938,977 | |
| Expense | Cola CO 8% | |||
| OPERATING EXPENSES | ||||
| 1-609 GM_Employee Benefit_Company M | 2,465.70 | $2,855 | $4,568 | |
| 1-601 · Salaries & Wages - Employees | 182,990.17 | $176,209 | $200,000 | |
| 1-603 · Salaries & Wages - General Mgr | 81,200.00 | $65,185 | $81,200 | |
| 1-602 · Payroll Tax Expense | 20,519.10 | $19,651 | $21,512 | |
| 1-604 · Employee Benefits | 34,176.81 | $42,944 | $49,769 | |
| GM Relocation expense | 16,412.01 | $0 | ||
| 1-631 · Contractual Services - Engineer | 3,836.25 | $4,968 | $10,000 | |
| 1-632 · Contractual Services - Accounti | 18,524.74 | $25,453 | $30,000 | |
| 1-633 · Contractual Services - Legal | 4,130.00 | $5,300 | $7,500 | |
| 1-634 Contractual Services - Manageme | 3,400.00 | $0 | $0 | |
| 1-635 · Contractual Services - Other | 30,545.39 | $18,874 | $45,000 | Locates, Chris Kramer, Harris Eng |
| 1-637 · Contractual Services - Billing | 4,867.34 | $4,284 | $5,499 | |
| 1-679 · Board Stipend | 1,300.00 | $1,425 | $1,600 | |
| 1-606 · Bank Fees | 766.99 | $859 | $900 | |
| 1-605 · Dues | 2,852.64 | $2,908 | $1,000 | |
| 1-630 · Education and Certification | 2,030.05 | $3,084 | $3,000 | |
| 1-657 · Insurance - General Liability | 17,563.00 | $19,748 | $20,735 | |
| 1-658 · Insurance - Workman's Compens | 5,028.00 | $5,925 | $10,000 | |
| 1-625 · Permits- License- Fees | 465 | $581 | $581 | |
| 1-621 Office Supplies | 278.22 | $1,405 | $2,000 | |
| 1-622 · Postage & PO Box | 4,087.29 | $3,542 | $3,542 | |
| 1-615 · Purchased Utilities | ||||
| 1-690 · Septic Service | 490 | $663 | $1,000 | |
| 1-617 · Trash | 1,445.81 | $1,546 | $2,000 | |
| 1-614 · Telephone & Internet | 9,177.48 | $8,741 | $9,003 | |
| 1-613 · Electric | 43,328.03 | $50,083 | $45,000 | |
| 1-611 · Gas | 1,182.25 | $1,923 | $2,116 | |
| Total 1-615 · Purchased Utilities | 55,624 | $62,956 | $59,119 | |
| 1-642 · Rental of Equipment | 6,186.04 | $5,220 | $6,000 | |
| 1-645 · Repairs & Maint. | 32,838.57 | $24,618 | $50,000 | Buy more meters $225 buy 20 5000 |
| 1-652 · Snow Removal and Road Repairs | 0 | $2,367 | $3,000 | |
| 1-650 · Transportation Expense | 15,282.95 | $14,214 | $15,500 | |
| 1-651 Backhoe Expenses | 0 | $2,500 | $6,000 | Tires front -ServiceTruck all new |
| 1-620 · Materials and Supplies | 57,454.93 | $46,398 | $65,000 | |
| 1-618 · Chemicals | 32,848.99 | $37,004 | $37,000 | |
| Actual Year Ending | Projected Year | Budget Jan 1 - Dec | ||
| 1-619 · Testing | 3,750.00 | $3,872 | $4,000 | |
| 1-675 · Miscellaneous Expense | 1,242.19 | $155 | $200 | |
| 1-653 · Reservoir Weed Control | $3,450 | $5,000 | ||
| 1-670 Tank Inspections | $0 | |||
| 1-700 TTHM Compliance | ||||
| Total OPERATING EXPENSES | 642,666 | $607,955 | $749,225 | |
| 1-680 · Contingency | 0 | $0 | $20,000 | |
| Other Utility Operating Expense | ||||
| 1-666 · Ditch Assessment | 2,970.00 | $3,713 | $2,970 | |
| 1-671 Pipeline Operating Expense | 30,025.14 | $15,991 | $33,000 | |
| 1-672 ALP OMR | 10,652.43 | $11,469 | $12,616 | |
| Total Other Utility Operating Expense | 43,648 | $3,713 | $48,586 | |
| Total Expense | 686,314 | $639,607 | $817,811 | |
| Net Ordinary Income | 20,729 | $259,265 | $121,167 | |
| Other Income/Expense | ||||
| Other Income | ||||
| Other Income | ||||
| 0-486 · Water Royalty Fees | 74,513.01 | $72,747 | $72,747 | |
| 0-501 · Acquisition Surcharge | 235,894.84 | $253,478 | $253,620 | less 20 Trappers Crossing taps |
| 0-691 Other Grant Revenue | 43,200.00 | $0 | $100,000 | |
| DOLA Grant | ||||
| 0-503 Tap Sales | 76,770.00 | $43,980 | $59,120 | (4) Increase tap fee to $14,900 |
| 0-504 Tap Reservation Fees | 180 | $173 | $180 | |
| F150 Insurance Claim | 14,256.07 | |||
| Employee Contributions to Health Insurance | $0 | |||
| Total Other Income | 444,814 | $370,377 | $485,667 | |
| Total Other Income | ||||
| Other Expense | ||||
| Other Expenses | ||||
| 0-403 · Depreciation Expense | 104,915.00 | $100,000 | $100,000 | |
| 0-417 · Royalty Fees Paid Out | -0.48 | $47,167 | $47,167 | |
| 0-622 · DWRF Bond - Interest | 16,650.89 | $14,766 | $14,494 | |
| 0-624 · PRVB Bond Interest | $0 | |||
| 0-627 CWCB Loan Interest | 95,378.50 | $93,353 | $93,353 | |
| Employee Family Insurance | $0 | $0 | ||
| Capital Improvement Plan update | $25,000 | |||
| Rate Study | $15,000 | |||
| Total Other Expenses | 216,944 | $255,286 | $295,014 | |
| Net Other Income | 227,870 | $115,091 | $190,653 | |
| Net Income | 248,599 | $374,356 | $311,820 | |
| All Funds | Acquisition and Capital Improvements | Water Royalty Fund | Operating Reserve Fund | |
| January 1, 2022 Balance | 522,634 | $54,039 | $16,635 | $451,960 |
| Projected 2022 Net Income | 199,356 | -$10,963 | $5,580 | $204,739 |
| December 31, 2022 Balance | 721,990 | $43,076 | $22,215 | $656,699 |
| Projected 2023 Net Income | -110,980 | -$28,752 | $0 | -$82,228 |
| December 31, 2023 Balance | 611,010 | $25,287 | $22,215 | $563,508 |