Stormwater Drainage Fund

Fiscal Year 2022 – 2023 Budget

A Municipal Drainage Utility System and consequently the Stormwater Drainage Fund was created in November 2011 by Council approval of Ordinance 1087. The Stormwater Drainage Fund’s purpose is to protect the public health and safety of the Town’s residents from the loss of life and property caused by surface water overflows, surface water stagnation, and pollution arising from on point source runoff with boundaries of the Town of Little Elm.

STORMWATER DRAINAGE FUND SUMMARY

Actual Amended Budget Estimated Budget Adopted Budget Planning Years

2020 - 2021 2021 - 2022 2021 -2022 2022 - 2023 2023 - 2024 2024 - 2025 2025 - 2026 2026 - 2027

BEGINNING FUND BALANCE $1,254,515 $1,168,120 $1,168,120 $1,182,514 $1,234,618 $1,450,858 $1,584,384 $1,654,303

REVENUES

Rates, Fees, and Charges $690,000 $699,717 $733,232 $745,285 $760,191 $760,191 $760,191 $760,191 Intergovernmental Revenue 1,456 - - - - - - - Interest Earnings 7,469 10,000 7,666 10,000 10,000 10,000 10,000 10,000 Miscellaneous 24,000 31,968 31,968 - - - - -

TOTAL REVENUES $722,925 $741,685 $772,865 $755,285 $770,191 $770,191 $770,191 $770,191

TOTAL FUNDS AVAILABLE $1,977,440 $1,909,805 $1,940,986 $1,937,799 $2,004,809 $2,221,049 $2,354,575 $2,424,494

EXPENDITURES

Storm Drainage Operations $376,094 $471,609 $452,667 $512,469 $512,660 $520,373 $538,980 $540,264 Storm Drainage Capital Projects 405,249 323,128 287,828 150,000 - 75,000 120,000 -

TOTAL EXPENDITURES $781,342 $794,737 $740,495 $662,469 $512,660 $595,373 $658,980 $540,264

Transfers Out 27,977 17,977 17,977 40,712 41,292 41,292 41,292 41,292

TOTAL TRANSFERS $27,977 $17,977 $17,977 $40,712 $41,292 $41,292 $41,292 $41,292

TOTAL EXPENDITURES INCL. TRANSFERS $809,319 $812,714 $758,472 $703,181 $553,952 $636,665 $700,272 $581,556

NET INCOME/NET CHANGE ($86,394) ($71,029) $14,393 $52,105 $216,239 $133,526 $69,919 $188,636

ENDING FUND BALANCE $1,168,120 $1,097,092 $1,182,514 $1,234,618 $1,450,858 $1,584,384 $1,654,303 $1,842,939