Stormwater Fund
Operating revenues are $5.58 million or 88% of the $6.33 million dollar budget, compared to prior year revenues of $5.68 million at 91% of the $6.22 million dollar budget. Operating revenues decrease from the prior year by ($104,552) or 1.8% due to timing of collections. There was no fee increase in the current fiscal year. Operating expenses of $1.69 million are 43% of the $3.92 million dollar budget compared to the prior year of $1.49 million at 41% of the $3.66 million dollar budget. Operating expenses increase $200,514 or 13.5% due mainly to repairs/maintenance for a hydraulic pump in the current year and an increase in Payment in Lieu of Taxes. Debt Service includes repayment on the 2016 and 2018 Bonds that funded stormwater capital improvement projects and a lease payment on a street sweeper.
This fund does not receive a General Fund subsidy.
As of March 31, 2021, revenues exceed expenses by $3.14 million dollars.