|McGrath adopted the FY11 operating budget with Ordinance 11-01. It is balanced and realistic with revenues and expenditures well defined for the utility department.
The water utility revenues total $335,500 and the expenses total $297,218 for a surplus of $38,282. The water utility has a Repairs and Maintenance line item within the Water Utility Expenses. The surplus is due to an increase of service line hookups and additional customers to the service line.
The sewer utility revenue totals $50,000 and the expenses total $79,847 for a deficit of $29,847. The deficit is due to a Village Safe Water (VSW) upgrade that has been prolonged and the sewer facility has been extended beyond its useful life with major repairs from the city while waiting for VSW to complete the project. The sewer utility has a high Repairs and Maintenance line item within the expenses that explains the majority of the deficit. Repair and Maintenance is projected to be $15,000.
The washeteria revenue totals $22,000 with the expenses of $21,658, for a surplus of $342. The washeteria has a Repairs and Maintenance line item within the washeteria expenses.
It has been stated that the excess revenue from the water utility and fund transfers from the General Fund, if needed, will be utilized to cover the costs of the sewer utility.|