HomeMy Public PortalAboutORD 03/12ORDINANCE NO. 03/12
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, 2003 AND ENDING ON SEPTEMBER 30,
2004.
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
$639,000 and the proposed revenues in the final budget for the Water Fund are
$639,000.
SECTION 2. The final budget, attached hereto as Exhibit A, is approved and shall
become effective at the beginning of the 2003 — 2004 fiscal year, and the taxing
authority funds may be expended commencing on October 1, 2003.
SECTION 3. Funds of the 2002 — 2003 final budget not expended during the
current fiscal year 2002 — 2003 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thereof which conflict with this or any part of this Ordinance are hereby repealed.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 loth
day of September, 2003, and for a second and final reading on this 23'"' day of
September, 2003.
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ATTEST:
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TOWN COMMISSION
REVENUES:
Water Sales Revenue
Interest Income
Desig. for Sub. Years
Total Water Sales Revenue
EXPENSES:
Cost of Purchased Water:
Meter Charge
Capacity Charge
Commodity Charge
Total Purchased Water
Contractual Services:
Meter Reading
Turn On & Turn Off
Repairs /Capital
Field Visits
Meetings and Reports
Sampling Compliance
Total Contractual
Administrative Expenses:
Postage, Printing & Stationery
Billing Software /Equipment
Engineering/GIS Mapping
Management Fees
Contingency /Bad Debt
Total Administrative Expenses
Operating Transfers /Other Non - Operating
Depreciation Expense
Renewal & Replacement Reserve
Working Capital ( *)
Payment In Lieu of Taxes
Total Operating Transfer Out/Other
Total Water System Expenses
Net Revenue(Loss)
Town of Gulf Stream
Water Fund
ADOPTED ACTUAL
FINAL
BUDGET AS OF
BUDGET
10/1/2002
10/1/2003
9/30/2003 4/30/2003
9/30/2004
$525,000
$292,158
$594,000
6,000
2,293
5,000
15,100
0
40,000
$546,100
$294,451
$639,000
$42
$36
$42
15,220
8,676
15,220
319,000
244,528
419,200
$334,262
$253,240
$434,462
$67,638
$31,955
$3,500
$1,728
$3,500
1,000
20
1,000
45,000
49,096
50,000
2,500
1,776
3,500
700
0
700
0
$3,074
4,000
$52,700
$55,694
$62,700
$500
1,000
20,000
70,000
$199
$500
575
1,000
13,063
10,000
50,000
70,000
$10,850
$10,850
$10,850
21,370
1,205
22,000
15,518
7,588
19,900
19,900
19,900
$67,638
$31,955
$60,338
$546,100
$404,726
$639,000
0
(110,275)
0
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