ENTERPRISE FUND
Attachment 7
Wastewater - Operations
Fund Summary - Fund 420
Fund Description / Budget Highlights
Fund Activity
FY 20-21 FY 21-22 FY 22-23 FY 23-24
Actual Actual Projection Proposed
Beginning Available Fund Balance 11,715,650$ 11,078,650$ Revenues
Charges for Services 5,769,396 $ 5,852,278$ 6,013,000 5,993,734 Interest Income 92,327 59,089 40,000 75,000 Rate Stabilization Fund - - - 563,051 Miscellaneous Revenues - - - - 5,861,723 5,911,367 6,053,000 6,631,785 Transfers In - - - - 5,861,723 5,911,367 6,053,000 6,631,785 Expenditures
Salary and Benefits 662,073 653,521 710,000 763,159 Contractual Services 546,102 266,054 570,000 433,341 Utilities 85,647 68,264 85,000 87,902 Maintenance & Repairs 43,627 11,288 49,000 50,096 Sewer Plant Operating Expenses 2,075,082 2,117,981 1,910,000 2,506,100 Other Expenses 8,559 7,394 6,000 6,314 Cost Allocation 280,371 280,194 291,000 307,886 Capital Outlay 5,596 20,615 6,000 6,180 Capital Improvement Projects (CIP) 1,158,482 88,571 - - Capital Outlay - Pinole (Hercules' Share) 1,030,000 652,691 Debt Service 1,193,797 1,612,509 2,033,000 2,064,156 6,059,336 5,126,391 6,690,000 6,877,825 Transfer Out - - - 132,000 6,059,336 5,126,391 6,690,000 7,009,825 Changes in restricted reserves (4,804,051)
Net Annual Activity (197,613) 784,976 (637,000) (5,182,091) Ending Fund Balance 25,243,250
Move to Fund 421 (Sewer Capital) (13,527,600)
Ending Available Fund Balance 11,715,650$ 11,078,650$ 5,896,559$ Debt Service Coverage Ratio 1.45 1.46 1.20 1.20 Operating & Maintenance Reserve (180 days) 1,039,000
Capital Reserve (Equal to annual system depreciation) 1,002,000 Debt Service Reserve (Equivalent to 1-year of debt service) 2,200,000 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.
Attachment 7
Wastewater - Capital Projects
Fund Summary - Fund 421
Fund Description / Budget Highlights
Fund Activity
FY 20-21 FY 21-22 FY 22-23 FY 23-24
Actual Actual Projection Proposed
Beginning Available Fund Balance 751,000 $ - $
Revenues
Charges for Services - $ - $ - - Interest Income - - - - Bond Proceeds - - - - Miscellaneous Revenues - - - - - - - -
Transfers In - - - 132,000 - - - 132,000 Expenditures
Salary and Benefits - - - - Contractual Services - - - - Utilities - - - - Maintenance & Repairs - - - - Sewer Plant Operating Expenses - - - - Other Expenses - - - - Cost Allocation - - - - Capital Outlay - - - - Capital Improvement Projects (CIP) - - 751,000 132,000 Debt Service - - - - - - 751,000 132,000 Transfer Out - - - - - - 751,000 132,000 Changes in restricted reserves
Net Annual Activity - - (751,000) - Ending Fund Balance -
Move from Fund 420 (Operations) 13,527,600
Less: Encumbrances (1,127,600)
Less: Capital Projects Carryover (11,649,000)
Ending Available Fund Balance 751,000$ -$ -$ 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.
Attachment 7