The 2025 budget proposes an approximate revenue of $7.5M with expenses totaling $6.7M resulting in a surplus of $840,000 and an increase in the district’s reserves from $24.4M to $25.2M. The district does not receive any property tax revenue from district customers. The monthly service fee is proposed to stay at $12 per 3/4” meter.
The district has five main sources of revenue.
- System Development Fees – $1.2M (58.8%) – The projected tap fee and participation fee revenue will be generated from the Santa Fe Park South development.
- Projected Service Charge – $2.3M (29.8%) – The service fee will remain at $12 per 3/4″ meter in 2025. The district does not receive any property tax revenue from its customers.
- Investment Income – $732,470 (9.7%) – The average yield on district investments in 2025 is projected to be 3%. The district relies on investment income to contribute to the offset and funding of general operations.
- Other Income – $113,260 (1.5%) – The office lease income consists of a partner district’s share of operating, maintenance and repair expenses for the administrative office and garage facility located at 8739 W. Coal Mine Avenue. Platte Canyon Water & Sanitation District is contractually obligated to pay 30% of all building costs including projected routine maintenance and repair costs and minor capital improvements. Miscellaneous income consists primarily of fire hydrant use fees which are assessed for use of district owned fire hydrants.
- Contract Service Fees – $15,000 (0.2%) – These fees consist of a biennial charge to the City of Littleton in the amount of $7,500 to transport a set amount of wastewater flow from the City through two of the district’s main wastewater interceptors.
Total expenses for 2025 are budgeted at $6.7M.
The 2025 budgeted amount for administration, operations, and maintenance is $2.7M and includes the following:
- Water and sewer operating and maintenance costs consist of maintenance materials and the district’s share of labor, equipment, and overhead costs incurred by their contract operations partner district (Platte Canyon Water & Sanitation District).
- Occasionally, the district requires emergency and remedial maintenance services such as excavation work and street restoration. Those are performed by outside contractors.
- Building maintenance expenses include costs for landscaping, janitorial, heating and air condition maintenance, elevator maintenance, painting of interior and exterior of building, and other general repairs and maintenance of the office building.
Capital Projects and Expenses – $4M
- There are two water main replacement projects and one sewer main upsizing project scheduled for 2025. Project details can be found in the district’s Capital Master Plan.
