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HomeMy Public PortalAboutORD 06/07ORDINANCE NO. 06/07 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, 2006 AND ENDING ON SEPTEMBER 30, 2007. 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 $805,000 and the proposed revenues in the final budget for the Water Fund are $805,000. SECTION 2. The final budget, attached hereto as Exhibit A, is approved and shall become effective at the beginning of the 2006 — 2007 fiscal year, and the taxing authority funds may be expended commencing on October 1, 2006. SECTION 3. Funds of the 2005 — 2006 final budget not expended during the current fiscal year 2005 — 2006 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of the Town of Gulf Stream, Florida or parts thereof which conflict with this or any part of this Ordinance are hereby repealed.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 8th day of September, 2006, and for a second and final reading on this 20th day of September, 2006. r ': VC�4 MAYOR A ST: TOWN COMMISSION Town of Gulf Stream Water Fund FINAL BUDGET 10/1/2005 9/30/2006 REVENUES: ACTUAL AS OF 7/31/2006 FINAL BUDGET 10/1/2006 9/30/2007 Water Sales Revenue $702,450 $642,426 $805,000 10% Increase Interest Income 3,000 4,709 0 Desig. for Sub. Years 0 0 0 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 Debt Service Payment* Payment In Lieu of Taxes Total Operating Transfer Out/Other Total Water System Expenses Net Revenue(Loss) $705,450 $647,135 $805,000 $42 $38 $42 15,220 14,424 17,400 425,000 396,617 473,000 440,262 $411,079 $490,442 $3,500 $2,576 $3,500 500 0 250 85,000 133,483 62,908 6,500 7,564 6,500 1,500 6 1,500 3,500 $1,185 3,500 100,500 144,814 $78,158 $500 $0 $500 2,000 575 1,500 15,000 4,710 7,500 65,000 65,000 65,000 0 82 $70,2 85 74,500 $10,850 $10,850 $12,000 38,650 21,947 15,000 12,788 115,000 19,900 19,900 19,900 82,188 52,697 161,900 $705,450 $678,875 $805,000 0 (31,740) 0 Page 7