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ENTERPRISE REVENUES <br /> <br />The City charges fees for various water <br />department services. Services provided <br />include water service installation and <br />mpa/rs, back flow inspections, and <br />hydrant use. This revenue is also used to <br />support the Water utility operations. <br /> <br />The fiscal 2005 budget for the Water <br />Enterprise Account is expected to be <br />$24.1 million, an increase of $914,776 <br />over last year's approved budget. To <br />finance this budget $20.7 million in user <br />fees, $2.t million in out of town <br />revenues, $1.7 million in miscellaneous <br />revenues, to include state <br />reimbursements for the construction of <br />the filtration plant, and $410,000 in <br />water utility reserve revenues will be <br />used. Included in this recommended rate <br />is the prorated debt service of $470,206 <br /> <br />to be used to support $5.1 million in <br />water enterprise capital investments for <br />fiscal 2005, a very modest wage <br />adjustment and $200,000 for a revenue <br />contingency. <br /> <br />The city's water utility has experienced a <br />stabilization of its financial condition. <br />Conservative revenue estimates and <br />proper budgeting allows this utility - for <br />the most part - to break even each year. <br />This managerial practice provides the <br />financial flexibility needed to stabilize <br />rates and avoid sharp increases caused by <br />overestimation of billable usage, unusual <br />weather patterns, or unforeseen and <br />unbudgeted expenses. The <br />recommended rate increase is necessary <br />to maintain the enterprise in a strong <br />financial position. <br /> <br />Actual Sewer Revenues vs. Budgeted Sewer Revenues <br /> FY 93 - FY 65 <br /> <br />19.0 <br /> <br />17.0 <br /> <br />15.0 <br /> <br />13.0 <br /> <br />11.0 <br /> <br /> FY FY FY FY FY FY FY FY FY FY FY FY FY <br /> 93 94 95 96 97 98 99 00 0t 02 03 04 05 <br /> <br />CITY OF WORCESTER FISCAL 2005 ANNUAL BUDGET <br /> <br />Page 2 <br /> <br /> <br />