NCS000444_MS4 Annual Report (2023-24 FY)_20240823

Stormwater Utility Fund Revenues
FY 2020-21 FY 2021-22 FY 2022 FY 2022-2023 FY 23 FY 2023-2024 FY 2024-2025
Line Item Description Budget Budget Actual Budget Actual Budget Budget Explanations/Comments
Fees 0.00 337,919.00 312,116.99 392,919.00 397,270.63 395,571.09 287,120.00 Stormwater Fees-$2 reduction/ERU($4.75)
Fund Balance Appropriated 0.00 27,703.35 for Stormwater Repairs
Stormwater Merchandise 57.00 500.00 200.00
•
Totals 0.00 $337,919 $312,117 $392,919 $397,328 $423,774 $ 287,320.00

Stormwater
FY 22 FY 22 FY 23 FY 23 FY 2023-2024 FY 2024-2025
Acct Description Budget Actual Budget Actual Budget Budget Explanations/Comments
Salaries&Wages;Reclassify existing staff percentages away from SW fund;15%UB
Salaries $ 88,173 $ 72,448 $ 170,630 139,551.40 $ 209,573 $ 103,345 employee;15%PW Director;50/50 Streets Position;Stormwater Admin
FICA $ 6,745 $ 5,448 $ 13,053 10,420.64 $ 16,032 $ 7,906 Employer FICA(7.65%of wages)
Health Insurance $ 21,060 $ 16,195 $ 40,000 21,952.80 $ 34,894 $16,232 Health,Dental,Vision,Life,AD
Retirement $ 10,008 $ 8,006 $ 20,646 16,885.83 $ 26,930 $ 14,055 13.6%of salaries is retirement.Increase from 12.10%
401(K) $ 4,409 $ 2,996 $ 8,532 6,977.40 $ 10,479 $ 5,167 5%of salaries is 401(K)expense _
Professional Services $ 50,000 $ 7,861 $ 32,302 0.00 $ 5,000 $ 30,426 Engineering,Mapping of infrastructure/outfalls,SWMP/CIP;BRIC App
BMP#'s 5 Utility Mailers,No.6 Target Audiences,No.8,etc.,Utility bills*update
Postage $ 500 $ 3,514 $ 5,000 5,673.98 $ 7,000 $ 9,325 desciption and verify with USPS
Travel&Training $ 1,750 $ - $ 3,100 419.30 $ 1,000 $ 1,000 Swater Finance and Budgeting,Other training and travel;$260 SCM*
Main.&Repairs $ 15,000 $ _618 $ 15,774 2,020.00 $ 24,122 $ 21,007 Grates,Pipes,Boxes,Repairs;In house repairs _
Checking Acct Expense $ 1,500 $ 76 $ 1,500 0.00 $ 250 $ 50 BB&T Fees for Utility Fund _
Automotive Supplies(Fuel) $ 3,500 $ - $ 4,000 530.82 $ 2,000 $ 800 Auto fuel;(Using 35%of PW Fuel*);wash
Supplies $ 8,500 $ 1,952 $ 10,501 10,524.17 $ 10,500 $ 9,500 10 Spill Kits($550),Educational Materials,Promo materials for events*
Contracted Services $ - $ 25,000 3,638.48 $ 14,000 $ 8,002 monthly misc.Verizon allocation?
Dues&Subscriptions $ 1,350 $ 1,610 $ 2,169 2,124.25 $ 2,250 $ 1,650 Permit Fee($860)and Regional SW Partnership Dues($825)
Insurance&Bonds $ 1,948 120.77 $ 6,835 $ 9,000 WC and Prop Liability
33%of Trailer$892.08,25%Mini Excavator$3,345.31,Hydraulic Excavator 50%cost
Capital Outlay $ 1,181 $ 2,220 0.00 $ 12,043 $7,805.71
Leaf Vac 100%($14,506.69),Backhoe 50%($7456.09),F-750 Dump Truck 40%
($4,500.17),Jet Vac 40%($4,316),Push Cam 50%($1272.68)Bronco?,+$13,320.81
Prin.Maturities $ 31,547 $ 28,936 $ 36,081 36,671.35 $ 38,721 46,110.00 for 2024 debt,$1,764.50 for 2023 debt
Leaf Vac($557.03),Backhoe 50%($317.07),F-750 Dump Truck 40%($210),Jet Vac
40%($166),Push Cam 50%($28.06)Bronco?,$2,484.04 for 2024 interest,($175.81)
Interest on Debt $ 2,730 $ 2,450 $ 2,481 2,835.30 $ 2,145 $ 3,746 for 2023 interest
Anticipated Fund Balance
Transfer $ 157,731 0.00
Totals $246,771 $312,971 $392,989 $ 260,346 $ 423,774 $ 287,320

08/23/2024 Expense and Revenue Analysis Report Page: 1 of 1
Town of Lowell
Disp Acct Encum Month To Date QTR To Date Year to Date
Account 90 STORMWATER
Account Type Expenses
90-9000-0200 SALARIES &WAGES $0.00 $16,648.01 $51,048.08 $200,240.91
90-9000-0400 PROFESSIONAL SERVICES $0.00 $0.00 $0.00 $0.00
90-9000-0500 FICA EXPENSE $0.00 $1,262.89 $3,866.96 $15,105.11
90-9000-0600 HEALTH INSURANCE $0.00 $2,617.65 $7,805.56 $29,073.17
90-9000-0700 RETIREMENT $0.00 $2,139.27 $6,559.67 $25,730.86
90-9000-0800 401(K) $0.00 $728.55 $2,370.53 $9,756.03
90-9000-1100 TELEPHONE & POSTAGE $0.00 $361.53 $1,611.67 $6,265.91
90-9000-1400 TRAVEL &TRAINING $0.00 $0.00 $0.00 $786.75
90-9000-1600 MAIN. & REPAIRS $0.00 $0.00 $4,272.39 $4,272.39
90-9000-1900 CHECKING ACCT EXPENSE $0.00 $16.14 $95.74 $161.98
90-9000-3100 AUTOMOTIVE SUPPLIES (FU $0.00 $0.00 $34.64 $315.24
90-9000-3300 SUPPLIES $0.00 $229.01 $1,591.27 $8,261.46
90-9000-4500 CONTRACTED SERVICES $0.00 $54.71 $309.69 $1,859.42
90-9000-5300 DUES &SUBSCRIPTIONS $0.00 $0.00 $0.00 $1,610.00
90-9000-5400 INSURANCE & BONDS $0.00 $0.00 $0.00 $7,075.64
90-9000-7400 CAPITAL OUTLAY - STORMW $0.00 $310.52 $3,957.03 ($6,822.65)
90-9000-8100 PRIN. MATURITIES - BONDS $0.00 $1,113.93 $8,222.98 $41,312.61
90-9000-8200 INTEREST ON BONDS $0.00 $63.62 $432.85 $3,186.35
90-9000-9000 TRANSFER TO STORMWATE $0.00 $0.00 $0.00 $0.00
Account Summary Expenses $0.00 $25,545.83 $92,179.06 $348,191.18
Account Type Revenues
90-3290-0000 MRS INTEREST-INVESTMEN $0.00 $0.42 $3,294.08 $9,809.12
90-3713-0000 STORMWATER REVENUE $0.00 $33,515.93 $101,146.49 $403,392.72
90-3750-1600 STORMWATER MERCHANDIS $0.00 $0.00 $26.60 $125.30
90-3990-0000 FUND BAL. APPROPRIATED $0.00 $0.00 $0.00 $0.00
Account Summary Revenues $0.00 $33,516.35 $104,467.17 $413,327.14
Revenues Over/Under Expenses $0.00 $7,970.52 $12,288.11 $65,135.96