Text Box: TOWN OF CARY UTILITY FUND SUMMARY
Actual Actual Actual Estimated Budget Expansion Projected
FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 % inc/dec FY 2008 FY 2008 % inc/dec
REVENUES REVENUES
Water Fees - Retail 13,266,103 15,028,471 17,316,873 20,343,678 21,764,494 20,343,678 Water Fees - Retail
Water Wholesale Service 723,217 721,292 596,629 105,084 110,921 105,084 Water Wholesale Service
Bulk Water/Hydrants 44,436 66,262 209,013 209,073 195,700 166,345 Bulk Water/Hydrants
Water Capacity-RDU/Morris./Chatham 671,949 669,956 718,558 304,174 293,346 258,548 Water Capacity-RDU/Morris./Chatham
Raw Water Sales 58,002 69,729 96,199 89,889 104,295 64,091 Raw Water Sales
Total Charges for Services-Water 14,830,924 16,564,187 18,852,436 21,051,898 22,468,756     20,937,746 Total Charges for Services-Water
Sewer Fees - Retail 11,247,159 13,460,761 17,124,204 19,029,689 22,771,244 19,029,689 Sewer Fees - Retail
Sewer Wholesale Service 682,572 967,939 757,715 --- --- --- Sewer Wholesale Service
Morrisville WW Capacity Charges 439,301 466,537 73,183 --- --- --- Morrisville WW Capacity Charges
Total Charges for Services-Sewer 12,402,782 14,928,987 17,955,102 19,029,689 22,771,244     19,029,689 Total Charges for Services-Sewer
Connection Fees 147,614 217,079 388,928 401,540 381,463 363,682 Connection Fees
New Account Service Charge 28,776 98,126 159,772 201,931 181,738 185,608 New Account Service Charge
Utility Inspection Fees 227,813 369,134 1,086,455 854,604 769,144 621,799 Utility Inspection Fees
Reconnection Fees 31,518 46,014 61,394 45,349 33,497 46,169 Reconnection Fees
Pretreatment Program Fees 85,484 85,603 95,688 73,756 69,648 69,061 Pretreatment Program Fees
FOG Fees --- 21,050 47,617 49,650 49,650 46,800 FOG Fees
Sewer Extension Permits 3,425 10,700 16,400 16,000 15,200 17,468 Sewer Extension Permits
Late Payment Charge 26,606 167,085 167,480 171,393 171,393 162,626 Late Payment Charge
Returned Check Charge 5,375 4,515 6,375 5,150 5,150 5,150 Returned Check Charge
Reinstallment Fees 3,930 5,644 10,699 22,383 15,000 12,550 Reinstallment Fees
Total Other Operating Revenues 560,541 1,024,950 2,040,808 1,841,756 1,691,883     1,530,913 Total Other Operating Revenues
Total Operating Revenues 27,794,247 32,518,124 38,848,346 41,923,343 46,931,883     41,498,348 Total Operating Revenues
Federal Grant Proceeds 40,040 --- --- --- --- --- Federal Grant Proceeds
Interest Earnings 961,328 1,019,707 1,526,185 1,795,713 1,562,605 1,115,852 Interest Earnings
Gain on Investments (324,962) 72,993 (106,536) --- --- --- Gain on Investments
Proceeds from Sale of Assets 44,680 9,764 7,771 10,000 10,000 10,000 Proceeds from Sale of Assets
Miscellaneous Revenues 48,841 16,866 20,402 15,000 32,800 20,230 Miscellaneous Revenues
Total Non-Operating Revenues 769,927 1,119,330 1,447,822 1,820,713 1,605,405     1,146,082 Total Non-Operating Revenues
TOTAL REVENUES 28,564,174 33,637,454 40,296,168 43,744,056 48,537,288     ######## TOTAL REVENUES
EXPENDITURES EXPENDITURES
Finance - Customer Accounting 1,141,859 1,219,056 1,418,964 1,910,976 1,869,389 -2.18% --- 1,869,389 -2.18% Finance - Customer Accounting
Public Works & Utilities Administration 667,376 703,052 759,242 938,552 1,618,140 72.41% 679 1,618,819 72.48% Public Works & Utilities Administration
Admin. Costs Paid to General Fund 1,556,140 1,573,208 1,585,952 1,635,350 2,148,098 31.35% --- 2,148,098 31.35% Admin. Costs Paid to General Fund
Water Conservation 282,636 256,858 226,386 351,668 364,581 3.67% --- 364,581 3.67% Water Conservation
Pretreatment 218,760 227,627 272,132 342,004 363,010 6.14% --- 363,010 6.14% Pretreatment
Field Operations 4,082,776 4,253,827 4,645,781 5,841,924 7,255,999 24.21% --- 7,255,999 24.21% Field Operations
Utility Systems Maintenance 1,472,457 1,523,630 1,868,900 2,177,270 2,672,228 22.73% 223,508 2,895,736 33.00% Utility Systems Maintenance
North Cary WRF 2,843,392 3,386,456 4,685,933 5,857,431 6,862,607 17.16% 9,000 6,871,607 17.31% North Cary WRF
South Cary WRF 2,237,127 2,450,411 2,803,453 3,363,729 3,421,871 1.73% --- 3,421,871 1.73% South Cary WRF
Cary/Apex Water Plant 4,808,946 4,813,870 4,502,315 4,966,968 5,124,884 3.18% 50,281 5,175,165 4.19% Cary/Apex Water Plant
Western Wake WRF --- --- --- --- 103,561 103,561 Western Wake WRF
Reimbursement from Apex (780,765) (734,539) (876,090) (1,075,916) (1,118,839) 3.99% --- (1,118,839) 3.99% Reimbursement from Apex
Total Departmental Expenditures 18,530,704 19,673,456 21,892,968 26,309,956 30,685,529 16.63%   30,968,997 17.71% Total Departmental Expenditures    
NON-DEPARTMENTAL NON-DEPARTMENTAL
Department Allocation Accounts --- --- --- (50,000) (50,000) --- (50,000) 0.00% Department Allocation Accounts
Long-term Debt Principal Payment 5,613,934 5,638,233 6,096,084 6,647,064 6,971,586 --- 6,971,586 4.88% Long-term Debt Principal Payment
Interest Expense 4,331,238 4,899,158 4,569,096 4,566,873 5,301,991 --- 5,301,991 16.10% Interest Expense
Bond Issuance Costs & Expenses 392,222 66,653 8,002 700,000 700,000 --- 700,000 0.00% Bond Issuance Costs & Expenses
Bond Proceeds (372,670) --- --- --- --- --- --- 0.00% Bond Proceeds
Total Non-Departmental Expenditures 9,964,724 10,604,044 10,673,182 11,863,937 12,923,577   --- 12,923,577 8.93% Total Non-Departmental Expenditures    
TOTAL EXPENDITURES 28,495,428 30,277,500 32,566,150 38,173,893 43,609,106     ######## TOTAL EXPENDITURES
TRANSFERS OUT (IN) TRANSFERS OUT (IN)
Transfer to General Fund, net --- --- 149,932 --- --- Transfer to General Fund, net
   Transfer to Sewer Projects --- --- --- --- 3,008,809 3,008,809 Transfer to Sewer Projects
   Transfer to Water Projects --- (100,000) (231,461) --- 281,360 281,360 Transfer to Water Projects
   Transfer to Open Space 1,000,000 1,000,000 1,100,000 1,000,000 1,000,000 Transfer to Open Space
Transfer to Utility Capital Reserve Fund --- --- --- --- 1,091,499 Transfer to Utility Capital Reserve Fund
Payment to Other Govt's / Morrisville Debt --- --- 339,775 370,950 354,425 Payment to Other Govt's / Morrisville Debt
Transfer to Ins., Sm Claims, & Worker's Comp --- --- 34,579 123,428 205,583 Transfer to Ins., Sm Claims, & Worker's Comp
Total Other Revenues (Expenditures) 1,000,000 900,000 1,392,825 1,494,378 5,941,676     3,290,169 Total Other Revenues (Expenditures)
TOTAL EXPENDITURES & TRANSFERS 29,495,428 31,177,500 33,958,975 39,668,271 49,550,782     ######## TOTAL EXPENDITURES & TRANSFERS
 
BALANCES BALANCES
Beginning Fund Balance 24,256,225 23,324,971 25,784,925 36,503,786 40,579,571 40,579,571 Beginning Fund Balance
   Total Revenues 28,564,174 33,637,454 40,296,168 43,744,056 48,537,288 42,644,430 Total Revenues
Beg. Fund Balance plus Revenues 52,820,399 56,962,425 66,081,093 80,247,842 89,116,859     83,224,001 Beg. Fund Balance plus Revenues
Total Expenditures & Transfers 29,495,428 31,177,500 33,958,975 39,668,271 49,550,782 47,182,743 Total Expenditures & Transfers
Morrisville Fund Balance Addition
Related to Merger		 --- --- 4,381,668 --- --- Morrisville Fund Balance Addition
Related to Merger
ENDING FUND BALANCE 23,324,971 25,784,925 36,503,786 40,579,571 39,566,077     ######## ENDING FUND BALANCE
Appropriation to (from) Fund Balance (931,254) 2,459,954 10,718,861 4,075,785 (1,013,494) (4,538,313) Appropriation to (from ) Fund Balance