HomeMy Public PortalAboutORD 08/09ORDINANCE NO. 008/9
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, 2008 AND ENDING ON SEPTEMBER 30,
2009.
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
$850,000 and the proposed revenues in the final budget for the Water Fund are
$850,000.
SECTION 2. The final budget, attached hereto as Exhibit A, is approved and shall
become effective at the beginning of the 2008 — 2009 fiscal year, and the taxing
authority funds may be expended commencing on October 1, 2008.
SECTION 3. Funds of the 2007 — 2008 final budget not expended during the
current fiscal year 2007 — 2008 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thereof which conflict with this or any part of this Ordinance are hereby repealed.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 5th
day of September, 2008, and for a second and final reading on this 18th day of
September, 2008.
/V4
MAYOR
ATTEST:
v
TOWN COMMISSION
L X41,L1.7-FA
Town of Gulf Stream
Water Fund
EXPENSES:
Cost of Purchased Water:
Meter Charge
FINAL
ACTUAL
FINAL
Capacity Charge
BUDGET
AS OF
BUDGET
Commodity Charge
10/1/2007
262,291
10/1/2008
Total Purchased Water
9/30/2008
5/30/2008
9/30/2009
REVENUES:
1,500
192
1,500
Water Sales Revenue
$897,500
$543,098
$850,000
Interest Income
0
$90,100
0
Desig. for Sub. Years
0
0
0
Total Water Sales Revenue
$897,500
$543,098
$850,000
EXPENSES:
Cost of Purchased Water:
Meter Charge
$42
$50
$42
Capacity Charge
19,000
14,277
19,000
Commodity Charge
520,000
262,291
490,000
Total Purchased Water
539,042
276,618
$509,042
Contractual Services:
Meter Reading
$3,500
$2,277
$3,500
Turn On & Turn Off
250
850
250
Repairs /Capital
115,000
81,736
145,000
Field Visits
7,000
5,140
7,000
Meetings and Reports
1,500
192
1,500
Sampling Compliance
3,500
$755
3,500
Total Contractual
- $130,750
$90,100
$160, 750
Administrative Expenses:
Postage, Printing & Stationery
$500
$389
$500
Billing Software /Equipment
1,500
850
1,500
Engineering /GIS Mapping
7,000
2,225
7,000
Management Fees
65,000
47,335
65,000
Contingency /Bad Debt
0
Total Administrative Expenses
$74,000
50,799
$74,000
Operating Transfers /Other Non - Operating
Depreciation Expense
$12,000
$8,000
$12,000
Renewal & Replacement Reserve
21,808
37,087
21,808
Debt Service Payment
100,000
31,497
52,500
Payment In Lieu of Taxes
19,900
13,266
19,900
Total Operating Transfer Out/Other
$151,708
89,850
106,208
Total Water System Expenses
$897,500
$507,367
$850,000
Net Revenue(Loss)
0
35,731
0
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