HomeMy Public PortalAboutORD 11/06ORDINANCE NO. 011/6
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, 2011 AND ENDING ON SEPTEMBER 30,
2012.
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
$961,900 and the proposed revenues in the final budget for the Water Fund are
$961,900.
SECTION 2. The final budget, attached hereto as Exhibit A, is approved and shall
become effective at the beginning of the 2011 — 2012 fiscal year, and the taxing
authority funds may be expended commencing on October 1, 2011.
SECTION 3. Funds of the 2010 — 2011 final budget not expended during the
current fiscal year 2010 — 2011 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thereof which conflict with this or any part of this Ordinance are hereby repealed.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 15th
day of September, 2011, and for a second and final reading on this 22nd day of
September, 2011.
MAYOR
ATTEST:
P W,
ENNINE
TOWN COMMISSION
Town of Gulf Stream
Water Fund
EXPENSES:
Cost of Purchased Water:
Meter Charge
FINAL
ACTUAL
$88
FINAL
Capacity Charge
BUDGET
AS OF
$22,000
BUDGET
Commodity Charge
10/1/2010
477,640
PROJECTED
10/1/2011
Total Purchased Water
9/30/2011
8/31/2011
9/30/2011
9/30/2012
REVENUES:
2,000
0
2,000
2,000
Water Sales Revenue
$899,600
$822,293
$950,000
$961,900
Interest Income
0
0
0
0
Desig. for Sub. Years
0
0
0
0
Field Visits
7,000
Total Water Sales Revenue
$899,600
$822,293
$950,000
$961,900
EXPENSES:
Cost of Purchased Water:
Meter Charge
$88
$71
$88
$88
Capacity Charge
22,000
20,868
$22,000
25,000
Commodity Charge
498,000
477,640
$519,000
528,000
Total Purchased Water
$520,088
$498,579
$541,088
$553,088
Contractual Services:
2,000
0
2,000
2,000
Meter Reading
$3,500
$3,605
$3,700
$3,500
Turn On & Turn Off
250
114
$114
250
Repairs /Capital
189,962
160,281
$180,000
219,262
Field Visits
7,000
5,478
$7,000
7,000
Meetings and Reports
1,500
1,820
1,800
2,000
Sampling Compliance
3,000
$1,110
$2,000
3,000
Total Contractual
$205,212
$172,408
$194,614
$235,012
Administrative Expenses:
Postage, Printing & Stationery
$400
$448
$470
$400
Billing Software/Equipment
1,500
949
$949
1,500
Engineering /GIS Mapping
6,500
180
6,500
6,500
Management Fees
65,000
59,583
65,000
65,000
Contingency/Bad Debt
2,000
0
2,000
2,000
Total Administrative Expenses
$75,400
$61,160
$74,919
$75,400
Operating Transfers /Other Non - Operating
Depreciation Expense
$12,000
$11,000
$12,000
$12,000
Renewal & Replacement Reserve
56,500
44,896
55,000
56,500
Debt Service Payment
0
0
Payment In Lieu of Taxes
29,900
27,408
29,900
29,900
Total Operating Transfer Out/Other
$98,400
$83,304
$96,900
$98,400
Total Water System Expenses
Net Revenue(Loss)
$899,100 $815,451 $907,521
500 6,842 42,479
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$961,900
0