Target Pending
Utility Fund - Liquidity
Finance

Metric Definition

The Utility Fund (UF) Unrestricted Cash as a percent of the UF Operations and Maintenance (O&M) expenditures.

Target Definition

The “Target” UF >= 50%; “Close to Target” UF >= 30%; anything less “Needs Improvement”.

Organizational Effect

Reestablishing the UF Cash required, water and sewer rate increases of 37.5% over the last 3 years while reducing O&M and capital expenditures (e.g. above and below ground utility infrastructure; equipment).

As of June 2, 2024, current data is not available

Target Data

The City Council and staff defines the target in relation to national and state benchmarks.

Significance

UF above the established targets enable the City government to fund O&M and capital requirements when revenue is down and costs may be up due to national, state, and/or local state of emergency or other City specific situations.

Chart

Chart

Combination chart with 3 data series.
Utility Fund Balance (Chart Type: Column) Plot Bands 2020 UF: 30.80% Target UF: 50.00% Floor UF: 30.00% 2021 UF: 74.30% Target UF: 50.00% Floor UF: 30.00% 2022 UF: 129.60% Target UF: 50.00% Floor UF: 30.00% 2023 UF: No Value Target UF: No Value Floor UF: No Value
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Range: 0 to 150.
End of interactive chart.