PSWID Approved Budget Report – 2023-2024
by PSWID | Aug 9, 2023 | Budget
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| PINE-STRAWBERRY WATER IMPROVEMENT DISTRICT APPROVED 6/29/2023 |
| FINAL BUDGET (CASH BASIS) FOR 2023/2024 |
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| REVENUE (CASH IN) |
FY 2023/2024 |
| Cash Carry Forward – Reserve Fund |
254,110.00 |
| Capital Project Carryforward |
300,000.00 |
| SUBTOTAL: CARRY OVER |
554,110.00 |
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| Property Tax Levies |
966,015.38 |
| Customer Sales-Includes Board Approved 3% Rate Increase |
2,550,000.00 |
| Miscellaneous Revenues |
230,000.00 |
| WIFA Design Loan |
1,335,000.00 |
| USDA/WIFA Funded CIP Construction Loan |
16,000,000.00 |
| Potential Grants/Non-Revenue Funds |
500,000.00 |
| Sales Tax on Revenues |
168,300.00 |
| SUBTOTAL: CASH IN FLOWS |
21,749,315.38 |
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| TOTAL REVENUE |
22,303,425.38 |
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| EXPENSES (CASH OUT) |
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| Operations |
450,000.00 |
| Field Labor & Benefits |
630,000.00 |
| Administrative – ALL (including labor & benefits) |
555,000.00 |
| Administrative Professional Fees |
80,000.00 |
| Capital Projects/Repairs |
935,045.31 |
| Infrastructure Repairs |
350,000.00 |
| Equipment Replacement |
300,000.00 |
| WIFA Design Loan |
1,335,000.00 |
| USDA/WIFA Funded CIP Construction Loan |
16,000,000.00 |
| Potential Grants/Non-Revenue Funds |
500,000.00 |
| Debt Service/Buuilding & Land Lease |
24,000.00 |
| Debt Service/Loan-WIFA – Principal & Interest |
436,307.87 |
| Debt Service/USDA Loan – Interst Only |
41,912.20 |
| Debt Service/WIFA USDA Design Loan-Interst Only |
25,000.00 |
| Debt Service/WIFA USDA Construction Loan – Interst Only |
218,750.00 |
| Sales Tax on Revenues |
168,300.00 |
| SUBTOTAL: OPERATIONS & CAPITAL EXPENSES |
22,049,315.38 |
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| TOTAL EXPENSES |
22,049,315.38 |
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| Cash Carry Forward – Reserve Fund |
254,110.00 |
| SUBTOTAL: RESERVE FUNDS |
254,110.00 |
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| TOTAL EXPENSES INCLUDING RESERVES |
22,303,425.38 |
