TVWSD Draft for Budget Hearing

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