HomeMy Public PortalAboutFY24 Finance Committee Budget Presentation- MayAdjustment to FY24
Preliminary Budget
May 03, 2023
Finance Committee
Meeting
FY24 Preliminary Balanced Budget
FY24 Total Revenue
($$s in millions)
Wastewater User Charges $470.1
Revenue Bonds 278.0
Stormwater Taxes 36.2 38.2
OMIC Taxes 10.2 10.7
Investment and Other Income 14.6 14.5
Fund Balance 138.7 144.8
Total District Revenue $947.8 $956.3
FY24 Total Expense
($$s in millions)
Operating Budget 246.8 $250.2
CIRP 561.5 566.7
Debt Service 139.4
Total District Expenses $947.8 $956.3
2Note: Fund Balance ‐ A positive number represents the use of fund balance as a
revenue source while a negative number reflects an increase in fund balance.
Revised
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CIRP
Adjustments
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FY24 CIRP
Revised Program Summary
Type of Project Preliminary Revised Change Preliminary Revised Change
Wastewater Engineering 53 53 0 58.0$ 58.2$ 0.2$
Wastewater Construction 51 55 4 458.6$ 484.6$ 26.0$
Stormwater Engineering 9 9 0 3.2$ 3.2$ -$
Stormwater Construction 24 24 0 19.7$ 19.7$ -$
New Project Appropriations
Subtotal: 137 141 4 539.5$ 565.8$ 26.2$
Wastewater Continued 2 1 -1 21.6$ 0.6$ (21.0)$
Stormwater Continued 2 2 0 0.3$ 0.3$ -$
Continued Project Appropriations
Subtotal: 4 3 -1 22.0$ 1.0$ (21.0)$
Project Appropriation Totals:141 144 3 561.5$ 566.7$ 5.2$
Number Budget
$$ in millons
Type of Project Preliminary Revised Change Preliminary Revised Change
Wastewater Engineering 53 53 0 58.0$ 58.2$ 0.2$
Wastewater Construction 51 55 4 458.6$ 484.6$ 26.0$
Stormwater Engineering 9 9 0 3.2$ 3.2$ -$
Stormwater Construction 24 24 0 19.7$ 19.7$ -$
New Project Appropriations
Subtotal: 137 141 4 539.5$ 565.8$ 26.2$
Wastewater Continued 2 1 -1 21.6$ 0.6$ (21.0)$
Stormwater Continued 2 2 0 0.3$ 0.3$ -$
Continued Project Appropriations
Subtotal: 4 3 -1 22.0$ 1.0$ (21.0)$
Project Appropriation Totals:141 144 3 561.5$ 566.7$ 5.2$
Number Budget
$$ in millons
FY24 Budget Meeting
Schedule
FY24 SBOP and Preliminary Budget Finance Committee Meeting
Review (including CIRP) April 4, 2023; 8:00 a.m.
Publication of Public Hearing Notice May 04, 2023
(The notice will be published in the St. Louis Post-Dispatch,
St. Louis American, St. Louis Business Journal,
and on the MSD Internet Site)
FY24 Budget Follow-up Discussion Finance Committee Meeting
May 02, 2023; Time: 8:00 a.m.
• Budget Introduction Board of Trustee Meeting
May 11, 2023; 5:00 p.m.
• Public Hearing After Board of Trustee Meeting
(Finding of Fact Committee)
May 11, 2023; 6:00 p.m.
• Budget Adoption Board of Trustee Meeting
June 08, 2023; 5:00 p.m.
* All meetings held Virtual or at 2350 Market Street, Room 109.
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