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HomeMy Public PortalAboutORD 00/04ORDINANCE NO. 00/4 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, 2000 AND ENDING ON SEPTEMBER 30, 2001. 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 $531,000 and the proposed revenues in the final budget for the Water Fund are $531,000. SECTION 2. The final budget, attached hereto as Exhibit A, is approved and shall become effective at the beginning of the 2000 -2001 fiscal year, and the taxing authority funds may be expended commencing on October 1, 2000. SECTION 3. Funds of the 1999 -2000 final budget not expended during the current fiscal year 1999 -2000 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of the Town of Gulf Stream, Florida or parts thereof which conflict with this or any part of this Ordinance are hereby repealed.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 13th day of September, 2000, and for a second and final reading on this 26th day of September, 2000. MAYOR /TEST: OWN CLERK TOWN COMMISSION Town of Gulf Stream Water Fund ADOPTED ACTUAL FINAL BUDGET AS OF BUDGET 10/01/1999 10/01/2000 09/30/2000 04/30/2000 09/30/2001 REVENUES: Water Sales Revenue $496,750 $382,112 $525,000 Interest Income 8,331 6,000 Total Water Sales Revenue $496,750 $390,443 $531,000 EXPENSES: Cost of Purchased Water: Meter Charge $42 $34 $42 Capacity Charge 15,220 10,597 15,220 Commodity Charge 328,900 213,494 328,900 Total Purchased Water $344,162 $224,125 $344,162 Contractual Services: Meter Reading $2,900 $2,154 $3,500 Turn On & Turn Off 1,000 0 1,000 Repairs /Capital 35,000 62,659 35,000 Field Visits 2,500 10,028 2,500 Meetings and Reports 700 4,383 700 Sampling Compliance 0 $199 Total Contractual $42,100 $79,423 $42,700 Administrative Expenses: Postage, Printing & Stationery $500 $110 $500 Billing Software /Equipment 1,000 350 1,000 Engineering /GIS Mapping 5,000 929 5,000 Management Fees 39,850 39,850 70,000 Contingency /Bad Debt 0 Total Administrative Expenses $46,350 $41,239 $76,500 Operating Transfers /Other Non - Operating Depreciation Expense $10,850 $10,850 $10,850 Renewal & Replacement Reserve 21,370 21,370 Working Capital ( *) 12,018 15,518 Payment In Lieu of Taxes 19,900 19,900 19,900 Total Operating Transfer Out /Other $64,138 $30,750 $67,638 Total Water System Expenses $496,750 $375,537 $531,000 Net Revenue(Loss) 0 0 Page 7