HomeMy Public PortalAboutORD 04/07ORDINANCE NO. 04/07
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, 2004 AND ENDING ON SEPTEMBER 30,
2005.
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
$674,000 and the proposed revenues in the final budget for the Water Fund are
$674,000.
SECTION 2. The final budget, attached hereto as Exhibit A, is approved and shall
become effective at the beginning of the 2004 — 2005 fiscal year, and the taxing
authority funds may be expended commencing on October 1, 2004.
SECTION 3. Funds of the 2003 — 2004 final budget not expended during the
current fiscal year 2003 — 2004 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thereof which conflict with this or any part of this Ordinance are hereby repealed.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 17th
day of September, 2004, and for a second and final reading on this 22nd day of
September, 2004.
MAYOR
ATTEST:
1�
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TOWN CLERK
r
TOWN COMMISSION
Town of Gulf Stream
Water Fund
PRELIMINARY
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
Working Capital ( *)
Payment In Lieu of Taxes
Total Operating Transfer Out/Other
Total Water System Expenses
Net Revenue(Loss)
$42
ADOPTED
ACTUAL
PROPOSED
7,574
BUDGET
AS OF
BUDGET
425,000
10/1/2003
200,841
10/1/2004
9/30/2004
4/30/2004
9/30/2005
REVENUES:
1,000
0
1,000
Water Sales Revenue
$594,000
$341,607
$669,000
Interest Income
5,000
1,166
5,000
Desig. for Sub. Years
40,000
0
0
Total Water Sales Revenue
$639,000
$342,773
$674,000
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
Working Capital ( *)
Payment In Lieu of Taxes
Total Operating Transfer Out/Other
Total Water System Expenses
Net Revenue(Loss)
$42
$23
$42
15,220
7,574
15,220
419,200
193,244
425,000
434,462
200,841
440,262
$3,500
$3,524
$3,500
1,000
0
1,000
50,000
49,064
65,000
3,500
2,299
3,500
700
173
700
4,000
$710
3,000
62,700
$55,770
$76,700
$500
$290
$500
1,000
575
1,000
10,000
6,453
25,000
70,000
70,000
65,000
0
81,500
77,318
$91,500
$10,850
$22,000
$10,850
21,370
22,934
22,000
15,518
12,788
19,900
19,900
19,900
67,638
64,834
65,538
$646,300
$398,763
$674,000
(7,300)
(55,990)
0
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