HomeMy Public PortalAboutORD 05/05ORDINANCE NO. 05/05
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, 2005 AND ENDING ON SEPTEMBER 30,
2006.
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
$705,450 and the proposed revenues in the final budget for the Water Fund are
$705,450.
SECTION 2. The final budget, attached hereto as Exhibit A, is approved and shall
become effective at the beginning of the 2005 — 2006 fiscal year, and the taxing
authority funds may be expended commencing on October 1, 2005.
SECTION 3. Funds of the 2004 — 2005 final budget not expended during the
current fiscal year 2004 — 2005 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thereof which conflict with this or any part of this Ordinance are hereby repealed.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,
day of September, 2005, and for a second
September, 2005.
MAYOR
ATTEST
adjourned session on first reading this 9th
and final reading on this 21St day of
TOWN COMMISSION
Town of Gulf Stream
Water Fund
ADOPTED ACTUAL
FINAL
BUDGET ASOF
BUDGET
10/1/2004
10/1/2005
9/30/2005 4/30/2005
9/30/2006
REVENUES:
Water Sales Revenue
$669,000
$350,381
$702,450
Interest Income
5,000
1,326
3,000
Desig. for Sub. Years
0
0
0
Total Water Sales Revenue
$674,000
$351,707
$705,450
EXPENSES:
Cost of Purchased Water:
Meter Charge
$42
$24
$42
Capacity Charge
15,220
9,131
15,220
Commodity Charge
425,000
225,318
425,000
Total Purchased Water
$440,262
234,473
$440,262
Contractual Services:
Meter Reading
$3,500
$1,932
$3,500
Turn On & Turn Off
1,000
0
500
Repairs /Capital
65,000
69,959
85,000
Field Visits
3,500
2,807
6,500
Meetings and Reports
700
460
1,500
Sampling Compliance
3,000
$894
3,500
Total Contractual
$76,700
76,052
$100,500
Administrative Expenses:
Postage, Printing & Stationery
$500
$0
$500
Billing Software /Equipment
1,000
575
2,000
Engineering/GIS Mapping
25,000
7,423
15,000
Management Fees
65,000
65,000
65,000
Contingency /Bad Debt
0
Total Administrative Expenses
$91,500
$72,998
$82,500
Operating Transfers /Other Non - Operating
Depreciation Expense
$10,850
$10,850
$10,850
Renewal & Replacement Reserve
22,000
15,263
38,650
Working Capital ( *)
12,788
12,788
Payment In Lieu of Taxes
19,900
19,900
19,900
Total Operating Transfer Out/Other
$65,538
$46,013
$82,188
Total Water System Expenses
$674,000
$429,536
$705,450
Net Revenue(Loss)
0
(77,829)
0
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