Overview
- From FY2017-18 through FY2020-21, MNWD revenues grew at a moderate annual average rate (3-6%), above historic long-term inflation (3%).
- During that period, annual average expenditures grew at a moderate rate (3-6%), a growth rate less than growth in revenues.
- MNWD’s unrestricted net position declined from FY2019-20 to FY2020-21 due to an investment in capital assets.
- The FY2022-23 MNWD budget shows revenue growth that exceeds expenditures, and an increase in net position.
Annual Change in Revenues
FY17-18 through FY20-21
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Annual Change in Expenditures
FY17-18 through FY20-21
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Reserves as % of Expenditures
FY2020-21
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