Stormwater Improvement / Equipment Replacement
The primary function of this fund is to account for expenses in replacement of stormwater capital equipment and capital improvements required to maintain the storm sewer system.
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| Actual | Actual | Actual | Actual | Budget | |
|---|---|---|---|---|---|
| 2022 | 2023 | 2024 | 2025 | 2026 | |
| ($) | ($) | ($) | ($) | ($) | |
| Revenue | |||||
| Grants | - | 985,000 | - | - | - |
| Total Revenue | - | 985,000 | - | - | - |
| Expenditures | |||||
| Capital Equipment | |||||
| Stormwater Vehicles | 75,000 | 35,000 | 271,490 | - | - |
| Total Capital Equipment | 75,000 | 35,000 | 271,490 | - | - |
| Capital Projects | |||||
| Storm Sewer Repair | 130,000 | 1,223,562 | - | - | - |
| Contingency | - | - | - | - | - |
| Total Capital Projects | 130,000 | 1,223,562 | - | - | - |
| Total Expenditures | 205,000 | 1,258,562 | 271,490 | - | - |
| Excess (Deficiency) of Revenues over Expenditures |
(205,000) | (273,562) | (271,490) | - | - |
| Other Financing Sources and Uses: | |||||
| Transfers In | |||||
| From Stormwater Fund | 200,000 | 200,000 | 250,000 | - | 250,000 |
| Total Other Financing Sources and Uses | 200,000 | 200,000 | 250,000 | - | 250,000 |
| Net Change in Fund Balance | (5,000) | (73,562) | (21,490) | - | 250,000 |
| Cash Balance, Jan. 1 | 179,390 | 379,390 | 1,187,802 | 119,338 | 119,338 |
| Add: Receipts | 200,000 | 1,185,000 | 250,000 | - | 250,000 |
| Less: Disbursements | - | (376,588) | (1,318,464) | - | (110,000) |
| Cash Balance, Dec. 31 | 379,390 | 1,187,802 | 119,338 | 119,338 | 259,338 |
| Less: Outstanding Encumbrances | (275,000) | (1,156,974) | (110,000) | (110,000) | - |
| Unencumbered Fund Balance, Dec. 31 | 104,390 | 30,828 | 9,338 | 9,338 | 259,338 |