HomeMy Public PortalAboutFY25 Finance Committee Budget Presentation - MayAdjustment to FY25
Preliminary Budget
May 09, 2024
Finance Committee
Presentation
FY25 Preliminary Balanced Budget
FY25 Total Revenue
($$s in millions)
Wastewater User ChargesStormwater User Charges $516.37.4
Revenue Bonds 227.2
Stormwater Taxes 38.8
OMIC Taxes 10.7
Investment and Other
Income
25.0
Fund Balance 342.6 336.2
Total District Revenue $1161.6
FY25 Total Expense
($$s in millions)
Operating Budget 260.1 $260.0
CIRP 612.7 606.3
Debt Service 295.2 295.3
Total District Expenses $1161.6
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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FY25 Total Revenue Preliminary Budget
Book Net Change Final Budget
WW User Charges (1)$516.3 $0.0 $516.3
SW User Charges 7.4 0.0 7.4
Revenue Bonds 227.2 0.0 227.2
Taxes 49.5 0.0 49.5
Investment Income and Other 25.0 0.0 25.0
Fund Balances 342.6 (6.4)336.2
Total District Revenue $1,168.0 $(6.4)$1,161.6
FY25 Total Expenses
Operating Budget $260.1 $(0.1)$260.0
Debt Service 295.2 0.1 295.3
CIRP 612.7 (6.4)606.3
Total District Expense $1,168.0 $(6.4)$1,161.6
(1) Includes sewer service charges from the Wastewater Revenue Fund net of the bad debt provision and late charges from the General Fund.
CIRP
Adjustments
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FY25 CIRP
Revised Program Summary
Type of Project Preliminary Revised Change Preliminary Revised Change
Wastewater Engineering 57 59 2 68.2$ 67.1$ (1.1)$
Wastewater Construction 42 44 2 444.7$ 437.5$ (7.2)$
Stormwater Engineering 7 7 0 4.4$ 4.4$ -$
Stormwater Construction 21 21 0 36.7$ 39.6$ 2.9$
New Project Appropriations
Subtotal:127 131 4 554.0$ 548.6$ (5.4)$
Wastewater Continued 7 6 -1 58.7$ 57.1$ (1.6)$
Stormwater Continued 0 1 1 -$ 0.6$ 0.6$
Continued Project Appropriations
Subtotal:7 7 0 58.7$ 57.7$ (1.0)$
Project Appropriation Totals:134 138 4 612.7$ 606.3$ (6.4)$
FY25 CIRP
Number Budget
Revised Program Summary
FY25 Budget Meeting Schedule
FY25 SBOP and Preliminary Budget Finance Committee Meeting
Review (including CIRP) April 2, 2024 ; 8:00 a.m.
• Publication of Public Hearing Notice April 17, 2024
(The notice will be published in the St. Louis Post-Dispatch,
St. Louis American, St. Louis Business Journal,
and on the MSD Internet Site)
• FY25 Budget Follow-up Discussion Finance Committee Meeting
April 30, 2024; Time: TBD.
• Budget Introduction Board of Trustee Meeting
May 09, 2024; 5:00 p.m.
• Public Hearing After Board of Trustee Meeting
(Finding of Fact Committee) May 09, 2024; 6:00 p.m.
• Budget Adoption Board of Trustee Meeting
June 13, 2024; 5:00 p.m.
* All meetings held at 2350 Market Street, Room 109.
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