Wastewater
Fund Summary - Fund 420
Fund Description / Budget Highlights
Fund Activity
FY 19-20 FY 20-21 FY 21-22 FY 22-23
Actual Actual Projection Proposed
Beginning Available Fund Balance 27,296,000$ 13,452,000$ Revenues
Charges for Services 5,719,257$ 5,769,396$ 6,054,000 6,013,000 Interest Income 501,741 4,537 120,000 40,000
Bond Proceeds - - - -
Miscellaneous Revenues - - - -
6,220,998 5,773,933 6,174,000 6,053,000
Transfers In - - - -
6,220,998 5,773,933 6,174,000 6,053,000
Expenditures
Salary and Benefits 668,089 662,073 711,000 686,419 Contractual Services 535,157 546,102 400,000 570,000 Utilities 80,528 85,647 85,000 85,343
Maintenance & Repairs 42,883 43,627 46,000 48,638 Sewer Plant Operating Expenses 1,761,811 2,075,082 1,760,000 1,750,000 Other Expenses 12,584 8,559 14,000 6,130
Cost Allocation 287,445 280,371 313,000 291,477
Capital Outlay 3,010,075 5,595 5,000 6,000
Capital Projects 84,536 1,158,482 13,700,000 751,000 Capital Outlay - Pinole (Hercules' Share) 740,000 750,000 Debt Service 723,631 1,193,797 2,244,000 2,033,000 7,206,739 6,059,335 20,018,000 6,978,007
Transfer Out - - - -
7,206,739 6,059,335 20,018,000 6,978,007
Changes in restricted reserves (1,149,440) (2,989,000) Net Annual Activity (985,741) (1,434,842) (13,844,000) (3,914,007) Ending Available Fund Balance 27,296,000$ 13,452,000$ 9,537,993$ Debt Service Coverage Ratio 1.45 1.74 1.27 1.29
Operating & Maintenance Reserve (180 days) 860,000
Capital Reserve (Equal to annual system depreciation) 529,000 Debt Service Reserve (Equivalent to 1-year of debt service) 1,600,000 This fund accounts for wastewater treatment to the cities of Hercules and Pinole and for the maintenance of the City's sewer lines and related facilities. It is a self-supporting activity which provides services on a user charge basis to residences and businesses.
PRELIMINARY DRAFT