HomeMy Public PortalAboutORD 10/05ORDINANCE NO. 010/5
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, 2010 AND ENDING ON SEPTEMBER 30,
2011.
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
$899,600 and the proposed revenues in the final budget for the Water Fund are
$899,600.
SECTION 2. The final budget, attached hereto as Exhibit A, is approved and shal
become effective at the beginning of the 2010 — 2011 fiscal year, and the taxing
authority funds may be expended commencing on October 1, 2010.
SECTION 3. Funds of the 2009 — 2010 final budget not expended during the
current fiscal year 2009 — 2010 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thereof which conflict with this or any part of this Ordinance are hereby repealed.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 loth
day of September, 2010, and for a second and final reading on this 21St day of
September, 2010.
rVY OR
ATTEST:
TOWN CLERK
TOWN COMMISSION
Town of Gulf Stream EXHIBIT "A"
Water Fund
EXPENSES:
Cost of Purchased Water:
Meter Charge
FINAL
ACTUAL
FIANL
Capacity Charge
BUDGET
AS OF
BUDGET
Commodity Charge
10/1/2009
PREI
10/1/2010
Total Purchased Water
9/30/2010
8/31/2010
9/30/2011
REVENUES:
2,000
$85,423
2,000
Water Sales Revenue
$865,000
$780,613
$899,600
Interest Income
0
0
0
Desig. for Sub. Years
0
0
0
Field Visits
Total Water Sales Revenue
$865,000
$780,613
$899,600
EXPENSES:
Cost of Purchased Water:
Meter Charge
$88
$75
$88
Capacity Charge
22,000
20,671
22,500
Commodity Charge
490,000
455,591
498,000
Total Purchased Water
$512,088
$476,337
$520,588
Contractual Services:
2,000
$85,423
2,000
Meter Reading
$3,500
$3,605
$3,500
Turn On & Turn Off
250
114
250
Repairs /Capital
155,362
146,690
189,962
Field Visits
7,000
4,978
7,000
Meetings and Reports
1,500
1,302
1,500
Sampling Compliance
3,000
$1,402
3,000
Total Contractual
$170,612
$158,091
$205,212
Administrative Expenses:
Postage, Printing & Stationery
$400
$900
$400
Billing Software/Equipment
1,500
1,015
1,500
Engineering /GIS Mapping
6,500
2,393
6,500
Management Fees
65,000
59,583
65,000
Contingency/Bad Debt
2,000
$85,423
2,000
Total Administrative Expenses
$75,400
$63,891
$75,400
Operating Transfers /Other Non - Operating
Depreciation Expense
$12,000
$10,000
$12,000
Renewal & Replacement Reserve
65,000
48,015
56,500
Debt Service Payment
0
0
Payment In Lieu of Taxes
29,900
27,408
29,900
Total Operating Transfer Out/Other
$106,900
$85,423
$98,400
Total Water System Expenses
Net Revenue(Loss)
$865,000 $783,742
0 (3,129)
Page 7
$899,600
z