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At the July 12, 2018 Public Hearing and Budget Workshop, City Council will discuss Coppell's Water and Sewer Fund, the second largest fund in the City's budget.
The Water and Sewer Fund is classified as an Enterprise Fund because the costs of providing services are funded through user charges. In this instance, the money collected from residents and businesses in the form of utility payments is used to pay the rates charged by Trinity River Authority (TRA) for wastewater treatment service and Dallas Water Utilities (DWU) for water purchased by Coppell. A portion of the revenue from utility payments is also used for the maintenance and upkeep of the City's water and wastewater system.
"We currently have crews that go out and read water meters," said Kim Tiehen, Assistant Director of Finance. "We use the meter reads to generate the utility bills, and then we use the revenue from the bills to buy water from DWU, pay TRA to treat our wastewater, and do any necessary infrastructure maintenance. Almost all – 97% – of the money in the Water and Sewer Fund comes from water and sewer sales revenue. Interest income, water meter sales and water and sewer impact fees generate the remaining three percent."
According to Tiehen, approximately 59% of the expenses incurred by the Water and Sewer Fund go to purchase water and treat wastewater. Personnel costs make up approximately nine percent of the expenditures, and the remainder of the cost is associated with maintenance of the water and sewer infrastructure.
"We are very proud of how far we're able to stretch the utility funds collected from residents and businesses. Our drinking water always meets – and frequently exceeds – all federal requirements, and we are able to keep all of our systems maintained and functioning at the standards we strive for" Tiehen added.
About the City of Coppell Budget:
The City of Coppell continues to see positive economic indicators in all areas of finance, including the recently reaffirmed AAA bond rating, growth in the tax base and surging sales tax receipts primarily due to thriving distribution centers and business parks. Expenditures, revenues, and reserves have been managed efficiently and proactively for many years, resulting in appropriate fund balances and a strong financial position.
"The City of Coppell is in a great financial position," said Mayor Karen Hunt. "City staff continue to do a fantastic job managing our public monies. We are very fortunate to live, work, and play in a city that places a high value on community and quality of life while focusing on maintaining what we have built."
The City of Coppell works diligently to be fiscally responsible and transparent, and the City continuously receives accolades from outside agencies regarding its financial planning and prudent budgeting practices. The City strongly encourages residents to get involved, attend public meetings and provide feedback on the proposed budget.
For more information about the FY2018-2019 budget, contact the Finance Department at 972-304-3691 or visit coppelltx.gov/budget.