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| TOWN OF CARY |
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| UTILITY FUND SUMMARY |
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Actual |
Actual |
Actual |
Estimated |
Recommended |
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FY 2005 |
FY 2006 |
FY 2007 |
FY 2008 |
FY 2009 |
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| REVENUES |
|
REVENUES |
| Water Fees - Retail |
15,028,471 |
17,316,873 |
20,618,645 |
21,764,494 |
20,864,930 |
Water Fees - Retail |
| Water Wholesale Service |
721,292 |
596,629 |
96,823 |
754,432 |
117,963 |
Water Wholesale Service |
| Bulk Water/Hydrants |
66,262 |
209,013 |
200,733 |
195,700 |
156,560 |
Bulk Water/Hydrants |
| Water
Capacity-RDU/Morris./Chatham |
669,956 |
718,558 |
301,477 |
278,434 |
285,391 |
Water Capacity-RDU/Morris./Chatham |
| Raw Water Sales |
69,729 |
96,199 |
101,769 |
104,295 |
111,534 |
Raw Water Sales |
| Total Charges for
Services-Water |
16,555,710 |
18,937,272 |
21,319,448 |
23,097,355 |
21,536,378 |
Total Charges for Services-Water |
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| Sewer Fees - Retail |
13,460,761 |
17,124,204 |
21,310,253 |
22,771,244 |
24,050,949 |
Sewer Fees - Retail |
| Sewer Wholesale Service |
967,939 |
757,715 |
--- |
--- |
--- |
Sewer Wholesale Service |
| Morrisville WW Capacity
Charges |
466,537 |
73,183 |
--- |
--- |
--- |
Morrisville WW Capacity Charges |
| Total Charges for
Services-Sewer |
14,895,237 |
17,955,102 |
21,310,253 |
22,771,244 |
24,050,949 |
Total Charges for Services-Sewer |
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| Connection Fees |
217,079 |
388,928 |
399,498 |
500,000 |
400,000 |
Connection Fees |
| New Account Service Charge |
98,126 |
159,772 |
210,199 |
181,738 |
200,000 |
New Account Service Charge |
| Utility Inspection Fees |
369,134 |
1,086,455 |
891,928 |
627,897 |
502,318 |
Utility Inspection Fees |
| Reconnection Fees |
46,014 |
61,394 |
47,103 |
52,726 |
45,000 |
Reconnection Fees |
| Pretreatment Program Fees |
85,603 |
95,688 |
85,484 |
69,648 |
65,000 |
Pretreatment Program Fees |
| FOG Fees |
21,050 |
47,617 |
52,280 |
55,000 |
50,000 |
FOG Fees |
| Sewer Extension Permits |
10,700 |
16,400 |
15,000 |
15,000 |
15,000 |
Sewer Extension Permits |
| Late Payment Charge |
167,085 |
167,480 |
169,062 |
171,393 |
163,000 |
Late Payment Charge |
| Returned Check Charge |
4,515 |
6,375 |
7,348 |
5,150 |
5,150 |
Returned Check Charge |
| Re-installment Fees |
5,644 |
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 |
1,024,950 |
2,040,808 |
1,903,884 |
2,018,552 |
1,825,468 |
Total Other Operating Revenues |
| Total Operating Revenues |
32,475,897 |
38,933,182 |
44,533,585 |
47,887,151 |
47,412,795 |
Total Operating Revenues |
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| Interest Earnings |
1,019,707 |
1,526,185 |
1,948,527 |
2,499,273 |
1,625,141 |
Interest Earnings |
| Gain on Investments |
(114,941) |
(106,536) |
296,027 |
--- |
--- |
Gain on Investments |
| Proceeds from Sale of Assets |
9,764 |
7,771 |
52,949 |
10,000 |
10,000 |
Proceeds from Sale of Assets |
| Miscellaneous Revenues |
16,866 |
20,402 |
27,147 |
100,812 |
70,000 |
Miscellaneous Revenues |
| Total Non-Operating Revenues |
931,396 |
1,447,822 |
2,324,650 |
2,610,085 |
1,705,141 |
Total Non-Operating Revenues |
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| TOTAL REVENUES |
33,407,293 |
40,381,004 |
46,858,235 |
50,497,236 |
49,117,936 |
TOTAL REVENUES |
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| EXPENDITURES |
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EXPENDITURES |
| Finance - Customer Accounting |
1,219,056 |
1,418,962 |
1,689,399 |
1,911,639 |
2,157,357 |
Finance - Customer Accounting |
| Public Works & Utilities
Administration |
703,052 |
759,241 |
899,936 |
1,618,140 |
1,856,056 |
Public Works & Utilities Administration |
| Admin. Costs Paid to General
Fund |
1,573,208 |
1,585,952 |
1,758,778 |
2,353,681 |
2,133,223 |
Admin. Costs Paid to General Fund |
| Water Conservation |
256,858 |
226,388 |
312,051 |
508,680 |
844,182 |
Water Conservation |
| Pretreatment |
227,627 |
272,132 |
335,277 |
363,010 |
385,669 |
Pretreatment |
| Field Operations |
4,253,827 |
4,645,781 |
5,577,817 |
7,672,999 |
8,151,976 |
Field Operations |
| Utility Systems Maintenance |
1,523,630 |
1,868,900 |
2,088,004 |
2,712,708 |
3,053,075 |
Utility Systems Maintenance |
| North Cary WRF |
3,386,456 |
4,685,933 |
4,910,783 |
6,887,823 |
6,665,867 |
North Cary WRF |
| South Cary WRF |
2,450,411 |
2,803,453 |
3,015,843 |
3,464,057 |
3,675,506 |
South Cary WRF |
| Cary/Apex Water Plant |
4,813,870 |
4,502,315 |
4,839,519 |
5,134,010 |
5,555,120 |
Cary/Apex Water Plant |
| Western Wake WRF |
--- |
--- |
--- |
--- |
--- |
Western Wake WRF |
| Reimbursement from Apex |
(734,539) |
(876,090) |
(909,524) |
(1,118,839) |
(1,122,988) |
Reimbursement from Apex |
| Total Departmental
Expenditures |
19,673,456 |
21,892,967 |
24,517,883 |
31,507,908 |
33,355,043 |
Total Departmental Expenditures |
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| NON-DEPARTMENTAL |
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NON-DEPARTMENTAL |
| Department Allocation Accounts |
--- |
--- |
--- |
(50,000) |
(75,000) |
Department Allocation Accounts |
| Long-term Debt Principal
Payment |
5,638,233 |
6,096,084 |
6,647,064 |
6,919,691 |
6,939,484 |
Long-term Debt Principal Payment |
| Interest Expense |
4,711,224 |
4,569,096 |
4,732,116 |
5,275,527 |
5,324,853 |
Interest Expense |
| Bond Issuance Costs &
Expenses |
66,653 |
8,002 |
525,820 |
100,000 |
150,000 |
Bond Issuance Costs & Expenses |
| Bond Proceeds |
--- |
--- |
(258,903) |
--- |
--- |
Bond Proceeds |
| Total Non-Departmental
Expenditures |
10,416,110 |
10,673,182 |
11,646,097 |
12,245,218 |
12,339,337 |
Total Non-Departmental Expenditures |
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| TOTAL EXPENDITURES |
30,089,566 |
32,566,149 |
36,163,980 |
43,753,126 |
45,694,380 |
TOTAL EXPENDITURES |
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| TRANSFERS OUT (IN) |
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TRANSFERS OUT (IN) |
| Transfer to Capital Projects |
--- |
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Transfer to Capital Projects |
| 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 |
(100,000) |
(231,461) |
--- |
281,360 |
--- |
Transfer to Water Projects |
| Transfer to Open Space |
1,000,000 |
1,100,000 |
1,000,000 |
1,000,000 |
1,000,000 |
Transfer to Open Space |
| Transfer to Utility Capital
Reserve Fund |
--- |
--- |
--- |
1,091,499 |
1,114,817 |
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 |
| Reimbursement to General Fund |
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Reimbursement to General Fund |
| Sewer Acreage Fee Reimbursement. |
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Sewer Acreage Fee Reimbursement. |
| Transfer to Ins., Sm Claims,
& Worker's Comp |
--- |
34,579 |
--- |
205,583 |
221,333 |
Transfer to Ins., Sm Claims, & Worker's Comp |
| Other Trans. to (from) GF |
--- |
--- |
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--- |
--- |
Other Trans. to (from) GF |
| Total Other Revenues
(Expenditures) |
900,000 |
1,392,825 |
1,370,950 |
5,941,676 |
2,678,575 |
Total Other Revenues (Expenditures) |
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| TOTAL EXPENDITURES &
TRANSFERS |
30,989,566 |
33,958,974 |
37,534,930 |
49,694,802 |
48,372,955 |
TOTAL EXPENDITURES & TRANSFERS |
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| BALANCES |
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BALANCES |
| Beginning Fund Balance |
21,930,088 |
24,347,815 |
35,151,513 |
44,474,818 |
43,461,324 |
Beginning Fund Balance |
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| Total Revenues |
33,407,293 |
40,381,004 |
46,858,235 |
50,497,236 |
49,117,936 |
Total Revenues |
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| Beg. Fund Balance plus
Revenues |
55,337,381 |
64,728,819 |
82,009,748 |
94,972,054 |
92,579,260 |
Beg. Fund Balance plus Revenues |
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| Total Expenditures &
Transfers |
30,989,566 |
33,958,974 |
37,534,930 |
49,694,802 |
48,372,955 |
Total Expenditures & Transfers |
Morrisville
Fund Balance Addition
Related to Merger |
--- |
4,381,668 |
--- |
--- |
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Morrisville Fund Balance
Addition
Related to Merger |
| ENDING
FUND BALANCE |
24,347,815 |
35,151,513 |
44,474,818 |
45,277,252 |
44,206,305 |
ENDING FUND BALANCE |
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| Appropriation to (from) Fund
Balance |
2,417,727 |
10,803,698 |
9,323,305 |
802,434 |
744,981 |
Appropriation to (from ) Fund Balance |
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