FY 2011-12 Adopted Budget - City of Oviedo
FY 2011-12 Adopted Budget - City of Oviedo
FY 2011-12 Adopted Budget - City of Oviedo
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
REVENUE TRENDS<br />
MAJOR REVENUE SOURCES<br />
Annual water sales reflect the impact <strong>of</strong> changes in consumption and utility rates. On the consumption side, there<br />
has been a 5% decline in total consumption between <strong>FY</strong> 08 (1.45 mgd) and <strong>FY</strong> 11 (1.38 mgd) as the average usage<br />
per residential customer declined . This decline in consumption was attributed to an increase in reuse water for<br />
irrigation purposes, lack <strong>of</strong> community growth caused by the recession and more emphasis on water conservation<br />
measures. Despite the decline in consumption, revenues remained relatively stable during the 3 year period<br />
between <strong>FY</strong> 08 and <strong>FY</strong> 10 as rate increases and inflation adjustments compensated for the consumption decline.<br />
For the 5 year period in the chart below, the annualized rate increases were as follows: <strong>FY</strong> 07: 8.7%, <strong>FY</strong> 08: 2.5%,<br />
<strong>FY</strong> 09: 15.3%, <strong>FY</strong> 10: 0% and <strong>FY</strong> 11: 1.1%. The <strong>FY</strong> <strong>12</strong> budget estimate <strong>of</strong> $5,092,408 was based on an inflation<br />
adjustment <strong>of</strong> 2% against <strong>FY</strong> 11 revenues <strong>of</strong> $4.9 million.<br />
Trend↑ ↔<br />
Water and Irrigation Sales<br />
Revenue Trends<br />
$5,500,000<br />
$4,340,485<br />
$4,496,567<br />
$4,254,813<br />
$4,992,556 $5,092,408<br />
$5,000,000<br />
$4,500,000<br />
$4,000,000<br />
$3,500,000<br />
<strong>FY</strong> 07-08<br />
Actual<br />
<strong>FY</strong> 08-09<br />
Actual<br />
<strong>FY</strong> 09-10<br />
Actual<br />
<strong>FY</strong> 10-11<br />
Actual<br />
<strong>FY</strong> 11-<strong>12</strong><br />
<strong>Budget</strong><br />
Wastewater revenues increased modestly during the 3 year period between <strong>FY</strong> 08 and <strong>FY</strong> 10 as rate increases and<br />
growth in the customer base compensated for the slight consumption decline. For the 4 year period in the chart<br />
below, the annualized rate increases were as follows: <strong>FY</strong> 08: 2.5%, <strong>FY</strong> 09: 15.3%, <strong>FY</strong> 10: 0% and <strong>FY</strong> 11: 1.1%.<br />
The spike in wastewater revenues for <strong>FY</strong> 11 represents the acquisition on September 15, 2010 <strong>of</strong> the former<br />
privately-owned Alafaya Utility system. Of the $5.86 million revenue for <strong>FY</strong> 11, $4.55 million is related to the<br />
Alafaya system that serves approximately 7,500 customers - all <strong>of</strong> whom are <strong>City</strong> water customers. Wastewater<br />
revenue for <strong>FY</strong> 11-<strong>12</strong> shows a modest increase <strong>of</strong> 2% from actual sales in <strong>2011</strong>.<br />
Trend ↔ ↑<br />
Wastewater Sales<br />
Revenue Trends<br />
$7,000,000<br />
$6,000,000<br />
$5,000,000<br />
$4,000,000<br />
$3,000,000<br />
$2,000,000<br />
$1,000,000<br />
$0<br />
<strong>FY</strong> 07-08<br />
Actual<br />
$954,530<br />
$1,053,287 $1,228,984<br />
<strong>FY</strong> 08-09<br />
Actual<br />
<strong>FY</strong> 09-10<br />
Actual<br />
$5,860,751 $5,977,466<br />
<strong>FY</strong> 10-11<br />
Actual<br />
<strong>FY</strong> 11-<strong>12</strong><br />
<strong>Budget</strong><br />
61
Change language