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Adopted FY 2015-16 Budget
Infrastructure - Water Resources Fund
BUDGET HIGHLIGHTS
The Water Resources FY 15-16 Budget is increasing by $13,829.436, or 12.9%.
The FY 15-16 Budget does include a rate increase for Water Resources. The rate increases by 5.5% for
residents inside city limits, and 8% for residents outside city limits. This rate increase will result in a $2.12
increase per month for city residents and a $7.33 increase per month for non-city residents (average
residential bill is calculated at 6 units; 1 unit = 748 gallons).
The TZ Osborne (TZO) improvements to meet the Jordan Lake rules are proceeding slower than initially
estimated, spreading the impact of debt service costs over the next 5 years. Approximately $95 million in
Revenue Bonds are planned to be issued between 2016 and 2019 to fund the TZO improvements.
Please see the graph on the next page for average rate comparisons with comparable water/sewer utilities
in the State of North Carolina. In addition, the graph shows a comparison of each North Carolina city/
regional utility’s outside city rate vs inside city rate. The graph legend explains the shades of the graph
bars when it comes to its relationship between outside city rates vs. inside city rates. A dial is also included
showing affordability of the rates based on the Median Household Income (MHI) and percentage spent
annually on water bills for 5,000 gallons.
BUDGET SUMMARY
2013-14
2014-15
2015-16
2016-17
Actual
Budget
Adopted
Projected
Expenditures:
Personnel Costs
19,141,930
20,533,027
21,348,807
22,182,760
Maintenance & Operations
67,895,131
85,705,141
98,493,589
91,981,034
Capital Outlay
295,239
893,792
1,119,000
1,130,500
Total
87,332,299
107,131,960
120,961,396
115,294,294
Total FTE Positions
322.375
331.625
331.675
331.675
Revenues:
Water and Sewer Services
87,401,636
89,977,697
101,754,104
108,063,567
Assessments
292,022
50,000
50,000
50,000
Capacity Use Fees
1,924,904
2,000,000
2,000,000
2,000,000
Industrial Waste Control
1,143,591
1,100,000
1,100,000
1,100,000
Water Line Connections
153,401
150,000
150,000
150,000
All Other
3,329,868
2,448,519
2,582,519
2,647,519
Appropriated Fund Balance
11,102,720
11,405,744
13,324,773
1,283,208
Total
105,348,142
107,131,960
120,961,396
115,294,294