HomeMy Public PortalAboutORD 07/04ORDINANCE NO. 07/04
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, 2007 AND ENDING ON SEPTEMBER 30,
2008.
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
$897,500 and the proposed revenues in the final budget for the Water Fund are
$897,500.
SECTION 2. The final budget, attached hereto as Exhibit A, is approved and shall
become effective at the beginning of the 2007 — 2008 fiscal year, and the taxing
authority funds may be expended commencing on October 1, 2007,
SECTION 3. Funds of the 2006 — 2007 final budget not expended during the
current fiscal year 2006 — 2007 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thereof which conflict with this or any part of this Ordinance are hereby repealed.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 14th
day of September, 2007, and for a second and final reading on this 25th day of
September, 2007.
ATTEST: ' 7
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TOWN COMMISSION
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ATTEST: ' 7
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TOWN COMMISSION
Town of Gulf Stream
Water Fund
EXPENSES:
Cost of Purchased Water:
Meter Charge
FINAL
ACTUAL
FINAL
Capacity Charge
BUDGET
AS OF
BUDGET
Commodity Charge
10/1/2006
275,941
10/1/2007
Total Purchased Water
9/30/2007
4/30/2007
9/30/2008
REVENUES:
1,500
0
1,500
Water Sales Revenue
$805,000
$447,195
$897,500
Interest Income
0
925
0
Desig. for Sub. Years
0
0
0
Total Water Sales Revenue
$805,000
$448,120
$897,500
EXPENSES:
Cost of Purchased Water:
Meter Charge
$42
$31
$42
Capacity Charge
17,400
11,692
19,000
Commodity Charge
473,000
275,941
520,000
Total Purchased Water
$490,442
$287,664
$539,042
Contractual Services:
Meter Reading
$3,500
$1,932
$3,500
Turn On & Turn Off
250
0
250
Repairs /Capital
62,908
58,115
115,000
Field Visits
6,500
3,533
7,000
Meetings and Reports
1,500
0
1,500
Sampling Compliance
3,500
$1,337
3,500
Total Contractual
$78,158
$64,917
$130,750
Administrative Expenses:
Postage, Printing & Stationery
$500
$300
$500
Billing Software /Equipment
1,500
850
1,500
Engineering /GIS Mapping
7,500
765
7,000
Management Fees
65,000
65,000
65,000
Contingency /Bad Debt
0
Total Administrative Expenses
$74,500
$66,915
$74,000
Operating Transfers /Other Non - Operating
Depreciation Expense
$12,000
$12,000
$12,000
Renewal & Replacement Reserve
15,000
14,839
21,808
Debt Service Payment
115,000
3,165
100,000
Payment In Lieu of Taxes
19,900
19,900
19,900
Total Operating Transfer Out/Other
$161,900
$49,904
$153,708
Total Water System Expenses
$805,000
$469,400
$897,500
Net Revenue(Loss)
0
(21,280)
0
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