Water Serv Financial Update handout 2025-11-05
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City of Glendale, Water Services
Fiscal Year 2026 Financial Report
As of September 30, 2025
FY2024
FY2025
FY2026
Budget
Actual
YTD Fav
Actual
Actual
Budget
3 months
3 months
(Unfavorable)
Revenue
Rate Revenue
Water Sales
59,841,291
62,794,551
63,795,796
20,797,429
20,598,791
(198,639)
Water Sales - Non-taxable
5,298,209
5,838,783
5,000,000
1,630,000
1,855,225
225,225
Water Sales - Hydrant
614,701
450,827
600,000
195,600
141,769
(53,831)
Water Sales - Other
136,574
124,518
168,447
54,914
10,963
(43,951)
Total Water Rate Revenue
65,890,775
69,208,679
69,564,243
22,677,943
22,606,747
(71,196)
Sewer User Fee Revenue
41,746,560
45,182,206
45,304,964
11,280,936
12,039,673
758,737
Effluent Revenue
613,277
635,598
490,120
122,040
122,280
240
Sewer - Other
88,039
86,592
80,000
19,920
25,081
5,161
Total Sewer Rate Revenue
42,447,876
45,904,396
45,875,083
11,422,896
12,187,033
764,138
Total Water & Sewer Rate Revenu
108,338,651
115,113,075
115,439,326
34,100,839
34,793,781
692,942
Other Revenue & Sources
Collection Fees
726,298
769,261
750,000
244,500
207,183
(37,317)
Late Fees - Water
136,967
144,593
150,000
48,900
39,987
(8,913)
Late Fees - Sewer
88,437
91,901
80,000
26,080
25,149
(931)
Water Development Impact
4,051,699
2,798,726
1,855,831
605,001
194,238
(410,763)
Sewer Development Impact
2,357,444
2,480,920
1,891,733
616,705
180,867
(435,838)
Interest Income - Water
1,730,879
970,572
873,695
284,824
96,694
(188,130)
Interest Income - Sewer
224,971
1,003,207
600,000
195,600
96,675
(98,925)
Staff and Admin Chargeback
82,000
82,000
82,000
26,732
20,500
(6,232)
Expense Reimbursement
232,203
295,068
150,443
49,044
65,020
15,975
Rental Income - Other
144,842
212,390
246,978
80,515
37,611
(42,904)
Miscellaneous Revenue
4,036,595
6,014,684
3,461,600
900,000
926,425
26,425
Bond Proceeds
35,412,018
50,442,590
55,000,000
-
-
-
Pyramid Peak O&M - Peoria
2,604,161
3,194,091
3,500,000
1,141,000
712,876
(428,124)
Capital Outlay Reimbursement
3,973,052
2,534,565
2,875,702
718,926
314,726
(404,199)
Budget Transfer In
833,315
849,083
868,388
-
-
-
Total Other Revenue & Sources
56,634,881
71,883,652
72,386,370
4,937,827
2,917,952
(2,019,875)
Total Revenues & Sources
164,973,532
186,996,727
187,825,696
39,038,666
37,711,733
(1,326,933)
Water System Statistics
Number of Active Accounts
64,802
65,347
66,000
64,439
65,241
Water consumption billed (1,000 gals)
12,295,971
13,943,740
13,942,000
4,545,092
2,583,295
YTD Consumption per acct (1,000 gals)
189.7
213.4
211.2
70.5
39.6
Rate Revenue $ per 1,000 gallons
5.19
$
4.95
$
4.98
$
4.98
$
8.75
$
Wastewater System Statistics
Number of Active Accounts
60,291
60,799
61,000
59,734
60,712
Sewer volume billed (1,000 gals)
6,545,793
6,946,450
6,971,000
1,735,779
1,242,388
Rate Revenue $ per 1,000 gallons
6.38
$
6.50
$
6.50
$
6.50
$
9.69
$
DRAFT
Z:\Budget & Financial Services\Reports\Financial\FY2026\Financials\FY26 Financial Report 2025-09-30 10/28/2025
City of Glendale, Water Services
Fiscal Year 2026 Financial Report
As of September 30, 2025
FY2024
FY2025
FY2026
Budget
Actual
YTD Fav
Actual
Actual
Budget
3 months
3 months
(Unfavorable)
DRAFT
Total Revenues & Sources
164,973,532
186,996,727
187,825,696
39,038,666
37,711,733
(1,326,933)
Expenditures by Category
Operating Expenses
Wages and Salaries
18,708,776
20,370,317
23,615,393
5,903,848
4,760,792
1,143,057
Overtime
905,865
1,072,246
953,703
238,426
210,965
27,461
Benefits
10,328,935
9,455,914
10,853,126
2,713,282
1,568,380
1,144,902
Total Salaries & Benefits
29,943,576
30,898,478
35,422,223
8,855,556
6,540,136
2,315,419
-
Raw Water Supply
6,142,334
6,454,185
8,854,000
2,213,500
1,271,994
941,506
Chemicals & GAC
8,190,885
9,402,157
10,753,000
2,688,250
2,270,036
418,214
Line Supplies
2,213,634
2,276,159
2,587,800
646,950
659,023
(12,073)
Professional Services
3,891,776
4,399,833
4,390,120
1,097,530
1,332,196
(234,666)
SROG (91st Ave WWTP)
3,982,725
4,191,108
5,592,489
1,398,122
585,015
813,107
Electricity
3,399,639
3,605,901
4,129,000
1,032,250
1,114,701
(82,451)
Utilities - Other
523,673
496,154
425,700
106,425
137,920
(31,495)
Equipment Maintenance
4,377,886
3,801,949
6,042,000
1,510,500
944,353
566,147
Equipment Replacement
398,053
225,875
282,708
70,677
52,445
18,232
Vehicle Maintenance & Fuel
1,001,212
1,472,792
1,549,260
387,315
361,958
25,357
Total Operating & Maintenance
34,121,817
36,326,112
44,606,077
11,151,519
8,729,640
2,421,879
-
Information Tech Replacement
2,614,660
2,524,029
2,974,998
743,749
743,750
(0)
General Risk Mgt, W/C Prem
2,880,240
2,515,789
2,500,567
625,142
312,571
312,571
Indirect Staff Engin & Admin
5,490,694
5,490,694
5,490,694
1,372,674
5,033,136
(3,660,463)
Total Veh, Insur & Gen Allocation
10,985,594
10,530,512
10,966,259
2,741,565
6,089,457
(3,347,892)
Total Operating Expenses
75,050,987
77,755,102
90,994,559
22,748,640
21,359,234
1,389,406
Non-Operating (Income) Expense
Capital Outlay
55,320,184
50,646,180
86,744,965
8,478,275
5,860,247
2,618,028
Debt Service
26,093,750
27,001,323
31,677,500
7,919,375
1,300
7,918,075
Budget Transfer Out
-
-
-
-
-
-
Total Non-Operating
81,413,934
77,647,502
118,422,465
16,397,650
5,861,547
10,536,103
Contingency
2,000,000
Total Expenditures
156,464,921
155,402,604
211,417,024
39,146,290
27,220,781
11,925,509
Over (under) Cost Recovery
8,508,611
31,594,123
(23,591,328)
(107,624)
10,490,952
10,598,575
Ending Fund Balance
53,897,041
85,491,164
61,899,836
85,383,540
95,982,116
Senior Debt Coverage (Target >1.85)
2.76
All Debt Coverage (Target >1.5x)
1.69
Days Cash on Hand (Target >250)
281
Fund Balance (Target >50% of Oper Exp)
64%
Fund Balance (Target >1x Debt Serv)
2.1
Z:\Budget & Financial Services\Reports\Financial\FY2026\Financials\FY26 Financial Report 2025-09-30 10/28/2025