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thereof which conflict with this or any part of this Ordinance are hereby repealed.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