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Consolidated Utility Fund <br />The Consolidated Utility Fund is a combination of the Water Utility Fund, Wastewater Utility Fund, and Storm <br />Water Utility Fund. <br />Incorporating the revenue assumptions, the operating expenditure targets, interfund transfer projections, and the <br />Capital Improvements Plan into the long-term financial planning model results in the following graph, which <br />summarizes a history and six -year projection of revenue, expenditures, and reserves (defined as working capital) <br />for the Utility Fund <br />50.000..000 <br />45,400,400 <br />40.000,400 <br />35.000..000 <br />30..000..000 <br />25..000..000 <br />20..000..000 <br />15..000..000 <br />10..000..000 <br />5..000..000 <br />Consolidated Utility Fund <br />r <br />Ihih1h1F <br />ri wi 11 1 <br />IIism I 1 1 i i i 1 l <br />2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 <br />Revenue - Expend itures Wor king Cap ital -Minimurrr <br />The City's Reserve Policy for the Utility Funds states, <br />The minimum working capital for the Water, Wastewater, and Storm Water Utility Funds shall be <br />maintained at or above 25% of current operating expenses, as measured on the City's budgetary basis. <br />For purpose of this policy, operating expenses are defined as all budgetary -basis expenses, excluding <br />interfund transfers and capital outlay. <br />The Consolidated Utility Fund reserves are expected to remain well above the 25% minimum level defined by <br />policy. In addition, all the individual utility funds are expected to remain in full compliance with the reserve policy. <br />16 <br />