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thereof which conflict with this or any part of this Ordinance are hereby repealed.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
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