2023 6 20 City Council Agenda Packet

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Budget Assumptions
Fiber Division

Total assets are expected to increase because of infrastructure additions that will be
necessary to add new customers. This can be seen in the increase in total fixed assets.

Revenue is expected to increase over FY 2023 year-end projections

Operating and maintenance expenses are expected to increase due to expansion of
infrastructure/equipment needed to serve a larger customer base resulting from the
completion of the McMinn County project

Net income is budgeted at roughly $91,000.

Operating activities are budgeted to generate $138,000, and $25,000 is expected to be
invested in plant. Total cash is expected to increase $113,000 with an ending estimated
cash balance of $473,000.

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