Adopted Budget 2015-2016

Infrastructure - Water Resources Fund

BUDGET SUMMARY

2013-14

2014-15

2015-16

2016-17

Actual

Budget

Adopted

Projected

Expenditures:

Personnel Costs

19,141,930 67,895,131

20,533,027 85,705,141

21,348,807 98,493,589 1,119,000

22,182,760 91,981,034 1,130,500

Maintenance & Operations

Capital Outlay

295,239

893,792

Total

87,332,299

107,131,960

120,961,396

115,294,294

Total FTE Positions

322.375

331.625

331.675

331.675

Revenues:

Water and Sewer Services

87,401,636

89,977,697

101,754,104

108,063,567

Assessments

292,022

50,000

50,000

50,000

Capacity Use Fees

1,924,904 1,143,591

2,000,000 1,100,000

2,000,000 1,100,000

2,000,000 1,100,000

Industrial Waste Control Water Line Connections

153,401

150,000

150,000

150,000

All Other

3,329,868 11,102,720

2,448,519 11,405,744

2,582,519 13,324,773

2,647,519 1,283,208

Appropriated Fund Balance

Total

105,348,142

107,131,960

120,961,396

115,294,294

BUDGET HIGHLIGHTS

 The Water Resources FY 15-16 Budget is increasing by $13,829.436, or 12.9%.  The FY 15-16 Budget does include a rate increase for Water Resources. The rate increases by 5.5% for residents inside city limits, and 8% for residents outside city limits. This rate increase will result in a $2.12 increase per month for city residents and a $7.33 increase per month for non-city residents (average residential bill is calculated at 6 units; 1 unit = 748 gallons).  The TZ Osborne (TZO) improvements to meet the Jordan Lake rules are proceeding slower than initially estimated, spreading the impact of debt service costs over the next 5 years. Approximately $95 million in Revenue Bonds are planned to be issued between 2016 and 2019 to fund the TZO improvements.  Please see the graph on the next page for average rate comparisons with comparable water/sewer utilities in the State of North Carolina. In addition, the graph shows a comparison of each North Carolina city/ regional utility’s outside city rate vs inside city rate. The graph legend explains the shades of the graph bars when it comes to its relationship between outside city rates vs. inside city rates. A dial is also included showing affordability of the rates based on the Median Household Income (MHI) and percentage spent annually on water bills for 5,000 gallons.

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Adopted FY 2015-16 Budget