Text Box: TOWN OF CARY UTILITY FUND SUMMARY
Actual Actual Estimated Adopted
FY 2006 FY 2007 FY 2008 FY 2009
REVENUES REVENUES
Water Fees - Retail 17,316,873 20,618,645 21,764,494 20,864,930 Water Fees - Retail
Water Wholesale Service 596,629 96,823 754,432 117,963 Water Wholesale Service
Bulk Water/Hydrants 209,013 200,733 195,700 156,560 Bulk Water/Hydrants
Water Capacity-RDU/Morris./Chatham 718,558 301,477 278,434 285,391 Water Capacity-RDU/Morris./Chatham
Raw Water Sales 96,199 101,769 104,295 111,534 Raw Water Sales
Subtotal Charges for Services-Water 18,937,272 21,319,448 23,097,355 21,536,378 Subtotal Charges for Services-Water
Sewer Fees - Retail 17,124,204 21,310,253 22,771,244 25,696,200 Sewer Fees - Retail
Sewer Wholesale Service 757,715 --- --- --- Sewer Wholesale Service
Morrisville WW Capacity Charges 73,183 --- --- --- Morrisville WW Capacity Charges
Subtotal Charges for Services-Sewer 17,955,102 21,310,253 22,771,244 25,696,200 Subtotal Charges for Services-Sewer
Connection Fees 388,928 399,498 500,000 400,000 Connection Fees
New Account Service Charge 159,772 210,199 181,738 200,000 New Account Service Charge
Utility Inspection Fees 1,086,455 891,928 627,897 502,318 Utility Inspection Fees
Reconnection Fees 61,394 47,103 52,726 45,000 Reconnection Fees
Pretreatment Program Fees 95,688 85,484 69,648 65,000 Pretreatment Program Fees
FOG Fees 47,617 52,280 55,000 50,000 FOG Fees
Sewer Extension Permits 16,400 15,000 15,000 15,000 Sewer Extension Permits
Late Payment Charge 167,480 169,062 171,393 163,000 Late Payment Charge
Returned Check Charge 6,375 7,348 5,150 5,150 Returned Check Charge
Re-installment Fees 10,699 25,983 25,000 20,000 Re-installment Fees
Cross Connection Program Fees --- --- 315,000 360,000 Cross Connection Program Fees
Total Other Operating Revenues 2,040,808 1,903,884 2,018,552 1,825,468 Subtotal Other Operating Revenues
Subtotal Operating Revenues 38,933,182 44,533,585 47,887,151 49,058,046 Subtotal Operating Revenues
Interest Earnings 1,526,185 1,948,527 2,499,273 1,625,141 Interest Earnings
Gain on Investments (106,536) 296,027 --- --- Gain on Investments
Proceeds from Sale of Assets 7,771 52,949 10,000 10,000 Proceeds from Sale of Assets
Miscellaneous Revenues 20,402 27,147 100,812 70,000 Miscellaneous Revenues
Subtotal Non-Operating Revenues 1,447,822 2,324,650 2,610,085 1,705,141 Subtotal Non-Operating Revenues
TOTAL REVENUES 40,381,004 46,858,235 50,497,236 50,763,187 TOTAL REVENUES
EXPENDITURES EXPENDITURES
Finance - Customer Accounting 1,418,962 1,689,399 1,911,639 2,157,357 Finance - Customer Accounting
Public Works & Utilities Administration 759,241 899,936 1,618,140 1,856,056 Public Works & Utilities Administration
Admin. Costs Paid to General Fund 1,585,952 1,758,778 2,353,681 2,133,223 Admin. Costs Paid to General Fund
Water Conservation 226,388 312,051 569,805 844,182 Water Conservation
Pretreatment 272,132 335,277 363,010 385,669 Pretreatment
Field Operations 4,645,781 5,577,817 7,672,999 8,171,976 Field Operations
Utility Systems Maintenance 1,868,900 2,088,004 2,712,708 3,053,075 Utility Systems Maintenance
North Cary WRF 4,685,933 4,910,783 6,887,823 6,665,867 North Cary WRF
South Cary WRF 2,803,453 3,015,843 3,464,057 3,675,506 South Cary WRF
Cary/Apex Water Plant 4,502,315 4,839,519 5,134,010 5,809,369 Cary/Apex Water Plant
Western Wake WRF --- --- --- --- Western Wake WRF
Reimbursement from Apex (876,090) (909,524) (1,118,839) (1,122,988) Reimbursement from Apex
Subtotal Departmental Expenditures 21,892,967 24,517,883 31,569,033 33,629,292 Subtotal Departmental Expenditures
NON-DEPARTMENTAL NON-DEPARTMENTAL
Department Allocation Accounts --- --- (50,000) (75,000) Department Allocation Accounts
Long-term Debt Principal Payment 6,096,084 6,647,064 6,919,691 6,939,484 Long-term Debt Principal Payment
Interest Expense 4,569,096 4,732,116 5,275,527 5,324,853 Interest Expense
Bond Issuance Costs & Expenses 8,002 525,820 100,000 150,000 Bond Issuance Costs & Expenses
Bond Proceeds --- (258,903) --- --- Bond Proceeds
Subtotal Non-Departmental Expenditures 10,673,182 11,646,097 12,245,218 12,339,337 Subtotal Non-Departmental Expenditures
TOTAL EXPENDITURES 32,566,149 36,163,980 43,814,251 45,968,629 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 --- Transfer to Sewer Projects
   Transfer to Water Projects (231,461) --- 281,360 --- Transfer to Water Projects
   Transfer to Open Space 1,100,000 1,000,000 6,000,000 1,000,000 Transfer to Open Space
Transfer to Utility Capital Reserve Fund --- --- 1,091,499 1,973,555 Transfer to Utility Capital Reserve Fund
Payment to Other Govt's / Morrisville Debt 339,775 370,950 354,425 342,425 Payment to Other Govt's / Morrisville Debt
Transfer to Ins., Sm Claims, & Worker's Comp 34,579 --- 205,583 221,333 Transfer to Ins., Sm Claims, & Worker's Comp
Total Other Revenues (Expenditures) 1,392,825 1,370,950 10,941,676 3,537,313 Total Other Revenues (Expenditures)
TOTAL EXPENDITURES & TRANSFERS 33,958,974 37,534,930 54,755,927 49,505,942 TOTAL EXPENDITURES & TRANSFERS
BALANCES BALANCES
Beginning Fund Balance 25,166,669 35,970,367 45,293,673 41,034,982 Beginning Fund Balance
   Total Revenues 40,381,004 46,858,235 50,497,236 50,763,187 Total Revenues
Beg. Fund Balance plus Revenues 65,547,673 82,828,603 95,790,909 91,798,169 Beg. Fund Balance plus Revenues
Total Expenditures & Transfers 33,958,974 37,534,930 54,755,927 49,505,942 Total Expenditures & Transfers
Morrisville Fund Balance Addition
Related to Merger		 4,381,668 --- --- Morrisville Fund Balance Addition
Related to Merger
ENDING FUND BALANCE 35,970,367 45,293,673 41,034,982 42,292,227 ENDING FUND BALANCE
Appropriation to (from) Fund Balance 10,803,698 9,323,305 (4,258,691) 1,257,245 Appropriation to (from ) Fund Balance