TETON VILLAGE WATER & SEWER DISTRICT BUDGET Approved
7/10/2024
Budget For FY
2024 ‐ 2025
ACTUAL 2022 ‐ 2023
FISCAL YEAR TO DATE
BUDGET 2023 ‐ 2024
FINAL 2024 ‐ 2025
2023 ‐ 2024
User Fees: Water Use Fees‐Residential & Multi Family Water Use Fees ‐ Commercial Sub Total ‐ Water Use Fees
$ $ $
188,563 143,943 332,506
$ $ $
179,408 $ 153,655 $ 333,063 $
181,734 148,203 329,937
$ $ $
161,891 159,041 320,932
Water P & E Base Fees‐Residential Water P & E Base Fees‐ Commercial Sub Total ‐Water P & E Base Fees Total ‐ Water Fees
$ $ $ $
23,517 15,571 39,088 371,594
$ $ $ $
23,214 15,649 38,863 371,926
$ $ $ $
23,684 15,722 39,406 369,343
$ $ $ $
24,219 15,722 39,941 360,873
Sewer Use Fees‐Residential Sewer Use Fees‐Commercial Sub Total‐Sewer Use Fees
$ $ $
287,654 586,294 873,948
$ $ $
256,246 $ 622,874 $ 879,120 $
254,068 580,067 834,135
$ $ $
253,312 677,424 930,736
Sewer P & E Base Fees‐Residential Sewer P & E Base Fees ‐ Commercial Sub Total‐Sewer P & E Base Fees Total ‐ Sewer Fees
$ $ $ $
80,661 125,332 205,993 1,079,941
$ $ $ $
$ $ $ $
81,547 126,564 208,111 1,042,246
$ $ $ $
83,119 126,564 209,683 1,140,419
Readiness to Serve Fees Water P & E‐Residential‐RTS Water P & E Commercial‐RTS Sub Total‐ RTS Water P&E Base Fees
$ $ $
2,520 2,496 5,016
$ $ $
2,923 $ 2,496 $ 5,419 $
3,002 2,496 5,498
$ $ $
2,470 2,496 4,966
Sewer P & E Residential‐RTS Sewer P & E Commercial‐RTS Sub Total ‐ RTS Sewer P&E Base Fees Total ‐ RTS Fees
$ $ $ $
8,188 21,466 29,654 34,670
$ $ $ $
9,337 21,216 30,553 35,972
$ $ $ $
9,608 21,466 31,074 36,572
$ $ $ $
8,003 21,466 29,468 34,434
Connection Fees Total ‐ Connection Fees
$
76,013
$
‐
$
228,342
$
‐
Excess Use Fees Less Customer Discounts
$
(1,050)
$
(1,500) $
(1,270)
$
(1,500)
$
1,561,168
$
1,490,656 $
1,675,233
$
1,534,226
Property Mill Levy
$
3.5 mills 1,449,162
$
2.75 mills 1,476,898 $
1,474,011
$
2.75 mills 1,574,372
Grants/Loans: SRF Loan CW#0193 Grant : ARPA‐1174 Sub Total‐Grants/Loans
$ $ $
‐ ‐ ‐
$ $ $
3,244,341 $ 711,319 $ 3,955,659 $
1,922,812 719,724 2,642,536
$ $ $
2,229,118 702,913 2,932,031
$ $
38,796 11,148
$ $
$ $
‐ 224,339
$ $
5,000 $ 16,800 $ $ 1,800 $ 206,424 $
74,935 16,800 9,684 13,718 353,279
$ $ $ $ $
5,000 16,800 12,367 1,800 250,000
Employee & ISD/AC Rent Reserves Decrease ‐ Plant Expansion Review Fees
$
33,014
$
1,000
$ $ $
38,750 $ 3,244,341 $ 1,000 $
38,536 1,970,882 2,250
$ $ $
45,421 1,137,057 1,000
Water Meter Sales Snow Making Water Sales Sub Total ‐ Other Income
$ $ $
‐ 1,517 309,814
$ $ $
‐ $ ‐ $ 3,514,114 $
21,805 2,872 2,495,077
$ $ $
‐ ‐ 1,469,445
TOTAL REVENUE
$
3,320,144
$
10,437,327 $
8,286,857
$
7,510,074
TOTAL REVENUE (Excl Loans or Reserve Decrease)
$
3,320,144
$
3,237,328 $
3,673,439
$
3,440,986
TOTAL USE FEES
Other Income: Finance & Violation Charges TVA Rent Income District Reimbursments Miscellaneous Income & LVE Interest Income
80,821 124,318 205,139 1,084,258
TETON VILLAGE WATER & SEWER DISTRICT BUDGET Approved
7/10/2024
Budget For FY
2024 ‐ 2025
ACTUAL 2022 ‐ 2023
FISCAL YEAR TO DATE
BUDGET 2023 ‐ 2024
FINAL 2024 ‐ 2025
2023 ‐ 2024
SALARIES Salaries ‐ Admin Reimbursement ‐ Salaries Admin Sub Total Salaries Admin
$ $ $
156,789 (11,487) 145,302
$ $ $
178,196 $ (20,000) $ 158,196 $
171,443 (13,680) 157,763
$ $ $
191,462 (20,000) 171,462
Salaries ‐ Dir PW W&S Reimbursement ‐ Salaries Dir PW Sub Total Salaries Dir PW
$ $ $
143,330 (24,661) 118,669
$ $ $
168,719 $ (22,000) $ 146,719 $
155,123 (27,720) 127,403
$ $ $
174,815 (22,000) 152,815
Salaries ‐ Other W&S
$
556,310
$
648,883 $
592,000
$
713,478
On Call Scheduled Overtime Merit Increases & Bonuses (Incl Taxes @44.20%) Temporary Services Labor Sub Total Labor
$ $ $ $ $
9,016 6,345 ‐ ‐ 829,297
$ $ $
9,486 10,725 10,044 ‐ 886,652
$ $ $
10,220 8,000 20,000
$
10,220 $ 8,000 $ 25,000 $ $ 997,018 $
$
1,075,975
BENEFITS & TAXES Reimbursement Benefits & Taxes
$
(16,536)
$
(18,564) $
(17,052)
$
(18,564)
Benefits CFY Prp FY Vehicle Allowance Vision Care Employee Health ,Dedctbl Rmb & Life Ins Long‐term Disability (Hartford) Retirement 14.94% 14.94% Ski Pass Reimbursement Sub Total Benefits
$ $ $ $ $ $ $
‐ 897 158,413 9,628 127,801 7,172 303,911
$ $ $ $ $ $
2,700 236,881 10,554 155,853 18,000 423,988
$ $ $ $ $ $ $
‐ 850 206,208 9,014 137,074 8,270 361,416
$ $ $ $ $ $
2,700 272,825 10,718 167,026 10,000 463,269
Taxes Sub Total Taxes
$
71,434
$
89,670 $
77,667
$
94,590
Sub Total Employee Benefits
$
358,809
$
495,094 $
422,031
$
539,295
$
1,188,106
$
1,492,111 $
1,308,683
$
1,615,270
$
187,964
$
233,800 $
171,697
$
231,100
$ $
27,835 ‐
$ $ $ $ $
‐ ‐ 2,823 16,156 18,979
18,000 12,000
‐ 101,478
12,000 10,000 32,000 54,000
$ $
$ $
$ $ $ $
$
30,000
$
289,442
$
287,800 $
190,676
$
261,100
SEWER Sub Total ‐ Expenses
$
371,866
$
506,000 $
350,110
$
467,800
Capital Expenditures: Sewer Phase 4 Sewer Plant Upgrade New Truck Landscaping ‐ Bowman Rd Sub Total ‐ Capital Expenditures
$ $ $ $
126,002 27,835 27,977 181,814
$
5,881,483 ‐ 70,537 5,952,020
$ $
4,445,940 42,000
$ $
7,200,000 $ $ 67,500 $ 7,267,500 $
$
4,487,940
$
553,680
$
7,773,500 $
6,302,130
$
4,955,740
ADMINISTRATION Sub Total ‐ Expenses
$
76,787
$
96,110 $
62,577
$
99,125
Capital Expenditures : Admin District Apartments & Bowman Rd Connection District Apartment Roofing District Office ‐Document Storage FYE25 Sub Total ‐ Capital Expenditures
$ $ $ $
‐ ‐ ‐ 12,450
$ $
5,958 8,885 ‐ 14,843
$
20,000
$
41,000 $ 9,000 $ $ 50,000 $
$ $
10,000 30,000
$
89,237
$
146,110 $
77,420
$
129,125
TOTAL SALARIES & BENEFITS WATER Sub Total ‐ Water Expenses Capital Expenditures : Water New Truck Hydrant Replacements Shooting Star Pressure Sensor No Shadows Rd ‐ Main Loop Sub Total ‐ Capital Expenditures
TOTAL ‐ WATER DEPARTMENT
TOTAL SEWER DEPARTMENT
TOTAL ADMINISTRATION DEPARTMENT
TETON VILLAGE WATER & SEWER DISTRICT BUDGET Approved
7/10/2024
Budget For FY
2024 ‐ 2025
FIXED EXPENSES Insurance: Plant Buildings Equipment ‐ Machinery & Office General Liability Surety Bonds Vehicles Officers & Directors E & O Sub Total ‐ Insurance
ACTUAL 2022 ‐ 2023
$ $ $ $ $ $ $
31,839 250 15,076 700 4,030 2,655 54,550
FISCAL YEAR TO DATE
BUDGET 2023 ‐ 2024
FINAL 2024 ‐ 2025
2023 ‐ 2024
$ $ $ $ $ $ $
39,251 250 15,076 700 5,669 2,655 63,601
$ $ $ $ $ $ $
39,251 250 15,076 700 5,669 2,655 63,601
$ $ $ $ $ $ $
43,944 250 13,697 700 4,999 1,917 65,507
$ $
38,898 $ 8,495 $
38,457 8,936
$ $
42,936 4,457
$
47,393 $
47,393
$
47,393
$ $ $
‐ ‐ ‐
$ $
‐ ‐
$ $
‐ ‐
$
‐
$
‐
$ $
10,054 $ 773 $
10,104 724
$ $
9,875 149
150,399 16,746
$ $
159,169 16,746
Phase 4 WWTP Expansion ‐ CWSRF 193 ‐ (repayment a/o substantial completion or initiation of operations ‐ within 1 year) Principal $ ‐ $ 190,069 $ ‐ Interest $ ‐ $ ‐ Sub Total ‐ Debt Service‐Sewer $ 368,946 $ 376,811 $ 177,973
$
185,939
‐ ‐ ‐
$ $ $
‐ ‐ ‐
Debt Service‐Water Water System Expansion DWSRF‐081 $738,820 ‐ Final Payment 8‐15‐30 Principal $ 37,896 Interest $ 9,497 202‐26 Water Main Replacement ‐ Rachel & Michael Principal Interest Sub Total ‐ Debt Service‐ Water $ 47,393 Debt Service‐Sewer WWTP Expansion CWSRF‐026 $2,853,676 ‐ Final Payment 12‐1‐22 Principal $ Interest $
177,783 4,420
Phase IA WWTP Expansion CWSRF‐057 $168,792 ‐ Final Payment 1‐1‐25 Principal $ 9,886 Interest $ 942 Phase 2 WWTP Expansion ‐ CWSRF‐091 $2,742,366 ‐ Final Payment 6‐15‐30 Principal $ 146,321 Interest $ 29,594
$
$ $
147,991 $ 27,924 $
Debt Service‐Administration Principal Interest Sub Total ‐ Debt Service‐Administration
$ $ $
‐ ‐ ‐
$ $ $
‐ ‐ ‐
$
416,339
$
424,205 $
225,366
$
233,332
Contingency Fund
$
‐
$
50,000 $
‐
$
50,000
Reserves Increase
$
200,000
$
200,000
$
200,000
$
670,889
$
737,806 $
288,967
$
548,839
$
2,791,354
$
10,437,327 $
8,167,876
$
7,510,074
TOTAL ‐ DEBT SERVICE
TOTAL FIXED EXPENSES TOTAL OPERATING EXPENSES OPERATING SURPLUS/(DEFICIT) EXPENSES (Excl CapEx paid by Reserves or Loan)
$ $ $
$
528,790
$
0 $
118,981
$
0
$
2,665,352
$
3,237,327 $
2,286,393
$
3,064,134
$ $
$3,440,986 3,064,134 376,852
Budget Totals w/o Income and Expenses realted to reserves or loans TOTAL REVENUE (Excl Loans or Reserve Decrease) EXPENSES (Excl CapEx paid by Reserves or Loan) OPERATING SURPLUS/(DEFICIT)
$ $
$3,320,144 2,665,352 654,792
$ $
$3,237,328 3,237,327 $ 1 $
$3,673,439 2,286,393 1,387,046