2022 06 21 City Council

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Budget Assumptions
Gas Division

Cash is anticipated to increase by $35,000 by the end of the budget year.

The Gas Division currently holds no debt. We do not expect this to change in FY 2023.
Investments in plant are expected to be $805,000. This includes $250,000 in capital
projects and $430,000 in continuous items.

Net revenue before extraordinary is budgeted to be a loss of $75,000.

Total revenue is budgeted to be the consistent with year-end projections for FY 2022.
Total operating and maintenance expenses are expected to be $8.0 million for the
coming fiscal year.

Operating activities are expected to generate $840,000 in cash, and investments in plant
are budgeted to be $805,000. As stated above, total cash flow is expected to be
basically a break-even scenario with an expected increase of $35,000 and an ending
cash balance of $6.0 million.

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