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OPERATING AND CAPITAL BUDGET - Fayette County Government

OPERATING AND CAPITAL BUDGET - Fayette County Government

Water System Fund The

Water System Fund The primary mission of the Water System Fund is to serve as a funding mechanism for the provision of potable water to the residents of the County. To cover the costs of building reservoirs, treating raw water, and distributing the finished product through miles of pipe, service fees are charged. These charges are based on the size of a customer’s water meter plus a volume charge applied to the monthly water consumption. In addition, connection fees varying by water meter size are charged to new customers connecting to the system. In March 2009, the County implemented a two-step rate increase for the system. The first step was a 10% rate increase that took effect in March 2009 and the second step was a 5% rate increase that took effect in January 2010. Prior to implementing this increase, the County had not adjusted its water service rate schedules since 1991. The major revenue source for the Water System Fund is derived from Charges for Services. For FY 2011, it is estimated at 99.8% of total revenue. As a result of the rate increase, charges for services are expected to increase by 7.0% when compared to the FY 2010 actual amount. Three Year Comparison of Principal Revenue Sources REVENUE FY 2009 ACTUAL FY 2010 BUDGET FY 2010 ACTUAL* FY 2011 BUDGET Charges for Services $ 12,526,948 $ 13,405,282 $ 13,502,601 $ 14,335,624 Interest Earnings 124,700 175,000 28,079 34,500 Total Revenues $ 12,651,648 $ 13,580,282 $ 13,530,680 $ 14,370,124 *Year-end projection. Percentage Contribution of Revenue Sources Interest Earnings 0.2% FY 2011 BUDGET Charges for Services 99.8% Charges for Services Interest Earnings II - 22

ANALYSIS OF MAJOR REVENUE SOURCES AND TRENDS All Funds The table below provides a consolidated look at the revenue comparisons for all budgeted funds. For FY 2011, estimated total revenue is the lowest in the last five years. The General Fund, the Fire Services fund, and the EMS fund have been affected by a decrease in the net taxable digest that will result in lower Property Tax revenues. In the contrary, the Water System fund will increase its revenue as a result of the first water service rates increase since 1991. For FY 2011, revenues for the Emergency 911 fund will decrease mainly due to lower intergovernmental revenues. Three Year Comparison of Funds Revenues REVENUE FY 2009 ACTUAL FY 2010 BUDGET FY 2010 ACTUAL* FY 2011 BUDGET General Fund $ 44,392,132 $ 44,383,880 $ 44,842,751 $ 41,987,495 Emergency 911 Fund 2,371,060 2,235,195 2,247,144 2,154,280 Fire Services Fund 7,528,102 7,589,800 7,515,218 7,055,900 EMS Fund 3,356,435 3,234,700 3,416,216 3,175,500 Water System Fund 12,651,648 13,580,282 13,530,680 14,370,124 All Other Funds 5,364,140 1,220,000 3,035,429 1,117,262 Total Revenues *Year-end projection. $ 75,663,517 $ 72,243,857 $ 74,587,438 $ 69,860,561 EMS Fund 4.5% Fire Services Fund 10.1% Emergency 911 Fund 3.1% Percentage Contribution of Funds Revenues Water System Fund 20.6% FY 2011 BUDGET II - 23 All Other Funds 1.6% General Fund 60.1% General Fund Emergency 911 Fund Fire Services Fund EMS Fund Water System Fund All Other Funds

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