HomeMy Public PortalAboutORD 02/04ORDINANCE NO. 02/4
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 FISCAL YEAR
COMMENCING ON OCTOBER 1, 2002 AND ENDING ON SEPTEMBER 30,
2003.
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
$546,100 and the proposed revenues in the final budget for the Water Fund are $546,100.
SECTION 2. The final budget, attached hereto as Exhibit A, is approved and shall
become effective at the beginning of the 2002 -2003 fiscal year, and the taxing authority
funds may be expended commencing on October 1, 2002.
SECTION 3. Funds of the 2001 -2001 final budget not expended during the current
fiscal year 2001 -2002 may be used and expended during subsequent fiscal 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thereof which conflict with this or any part of this Ordinance are hereby repealed.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, 2002, and for a second and final reading on this 24th day of September,
2002.
MAYOR
ATTEST:
D
TOWN CLERK j
r
TOWN COMMISSION
n
Town of Gulf Stream
Water Fund
EXPENSES:
Cost of Purchased Water:
Meter Charge
ADOPTED
ACTUAL
FINAL
Capacity Charge
BUDGET
ASOF
BUDGET
Commodity Charge
10/1/2001
169,228
10/1/2002
Total Purchased Water
9/30/2002
5/31/2002
9/30/2003
REVENUES:
700
0
700
Water Sales Revenue
$525,000
$406,761
$525,000
Interest Income
6,000
2,532
6,000
Desig. for Sub. Years
0
0
15,100
Total Water Sales Revenue
$531,000
$409,293
$546,100
EXPENSES:
Cost of Purchased Water:
Meter Charge
$42
$26
$42
Capacity Charge
15,220
6,164
15,220
Commodity Charge
328,900
169,228
319,000
Total Purchased Water
$344,162
$175,418
$334,262
Contractual Services:
Meter Reading
$3,500
$2,256
$3,500
Turn On & Turn Off
1,000
0
1,000
Repairs /Capital
35,000
48,176
45,000
Field Visits
2,500
2,257
2,500
Meetings and Reports
700
0
700
Sampling Compliance
0
$450
$91,500
Total Contractual
$42,700
$53,139
$52,700
Administrative Expenses:
Postage, Printing & Stationery
$500
$16
$500
Billing Software /Equipment
1,000
0
1,000
Engineering /GIS Mapping
5,000
10
20,000
Management Fees
70,000
70,000
70,000
Contingency/Bad Debt
0
$67,338
$67,638
Total Administrative Expenses
$76,500
$70,026
$91,500
Operating Transfers /Other Non - Operating
Depreciation Expense
$10,850
$10,850
$10,850
Renewal & Replacement Reserve
21,370
36,588
21,370
Working Capital ( *)
15,518
15,518
Payment In Lieu of Taxes
19,900
19,900
19,900
Total Operating Transfer Out/Other
$67,638
$67,338
$67,638
Total Water System Expenses
$531,000
$365,921
$546,100
Net Revenue(Loss)
0
43,372
0
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