HomeMy Public PortalAboutORD 09/04ORDINANCE NO. 009/4
AN ORDINANCE OF THE TOWN COMMISSION OF THE TOWN OF GULF
STREAM, PALM BEACH COUNTY, FLORIDA, ADOPTING THE WATER
FUND BUDGET FOR THE TOWN OF GULF STREAM FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 2009 AND ENDING ON SEPTEMBER 30,
2010.
NOW THEREFORE, BE IT ORDAINED BY THE TOWN COMMISSION OF THE TOWN
OF GULF STREAM, FLORIDA THAT:
SECTION 1. The proposed expenditures in the final budget of the Water Fund are
$865,000 and the proposed revenues in the final budget for the Water Fund are
$865,000.
SECTION 2. The final budget, attached hereto as Exhibit A, is approved and shall
become effective at the beginning of the 2009 — 2010 fiscal year, and the taxing
authority funds may be expended commencing on October 1, 2009.
SECTION 3. Funds of the 2008 — 2009 final budget not expended during the
current fiscal year 2008 — 2009 may be used and expended during subsequent year(s)
according to the provisions in Resolution No. 94 -19.
SECTION 4. All other Ordinances of the Town of Gulf Stream, Florida or parts
thereof which conflict with this or any part of this Ordinance are hereby repealed.
SECTION 5. This Ordinance shall take effect immediately upon its passage.
PASSED AND ADOPTED in a regular, adjourned session on first reading this 11th
day of September, 2009, and for a second and final reading on this 23rd day of
September, 2009.
14V OR
ATTEST:
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Town of Gulf Stream
Water Fund
FINAL
BUDGET
10/1/2008
9/30/2009
REVENUES:
ACTUAL
AS OF
5/31/2009
i-rx G►; b.
fi .A
TENTATIVE
BUDGET
10/1/2009
9/30/2010
Water Sales Revenue $850,000 $620,400 $865,000
Interest Income 0 0 0
Desig. for Sub. Years 0 0 0
Total Water Sales Revenue $850,000 $620,400 $865,000
EXPENSES:
Cost of Purchased Water:
Meter Charge
$42
$51
$88
Capacity Charge
19,000
14,808
22,000
Commodity Charge
490,000
333,297
490,000
Total Purchased Water
509,042
348,156
$512,088
Contractual Services:
Meter Reading
$3,500
$2,277
$3,500
Turn On & Turn Off
250
0
250
Repairs /Capital
145,000
109,446
155,362
Field Visits
7,000
4,257
7,000
Meetings and Reports
1,500
933
1,500
Sampling Compliance
3,500
$560
3,000
Total Contractual
160,750
$117,473
$170,612
Administrative Expenses:
Postage, Printing & Stationery
$500
$283
$400
Billing Software /Equipment
1,500
850
1,500
Engineering/GIS Mapping
7,000
3,896
6,500
Management Fees
65,000
43,333
65,000
Contingency /Bad Debt
0
0
2,000
Total Administrative Expenses
$74,000
48,362
$75,400
Operating Transfers /Other Non - Operating
Depreciation Expense
$12,000
$8,000
$12,000
Renewal & Replacement Reserve
21,808
23,545
65,000
Debt Service Payment
52,500
21,360
0
Payment In Lieu of Taxes
19,900
13,267
29,900
Total Operating Transfer Out/Other
106,208
66,172
$106,900
Total Water System Expenses
$850,000
$580,163
$865,000
Net Revenue(Loss)
0
40,237
0
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