HomeMy Public PortalAboutRES 96/14RESOLUTION NO. 96 -14
RESOLUTION ADOPTING THE WATER FUND
BUDGET FOR
THE TOWN OF GULF STREAM
FOR FISCAL YEAR COMMENCING ON OCTOBER 1, 1996
AND ENDING ON SEPTEMBER 30, 1997
NOW, THEREFORE BE IT RESOLVED by the Town Commission of
the Town of Gulf Stream, Florida that:
Section 1.
Section 2.
Section 3.
The proposed expenditures in the final budget of the
Water Fund are $494,800.00. The proposed revenues
in the final budget of the Water Fund are $494,800.00.
The final budget is approved and shall become effective
at the beginning of the 1996 -1997 fiscal year, and
the taxing authority funds may be expended commencing
on October 1, 1996 and ending on September 30, 1997.
Funds of the 1995 -1996 final budget not expended during
the current fiscal year 1995 -1996 may be used and
expended during subsequent fiscal year(s) according
to the provisions in Resolution No. 94 -19.
PASSED AND ADOPTED THIS 20th DAY OF SEPTEMBER, 1996.
i
ayor
(SEAT)
ATTEST:
4f
T wn Clerk
Vice Mayor
uommissioner
a, cr]5`'r2
Commissioner
Q?m--j(
Co i sioner
TOWN OF GULF STREAM
Water Fund
8/30/96
PROPOSED
BUDGET
ACTUAL
BUDGET
10/1/95
10/1/95
10/1/96
9/30/96
7/31/96
9/30/97
REVENUES:
Water Sales Revenue
$488;180
$415,007
$490,800
Interest Income
4,000
0
4,000
Total Water Sales Revenue
$492,180
$415,007
$494,800
EXPENSES:
Cost of Purchased Water:
Meter Charge
$40
$29'
$40
Capacity Charge
50,640
37,969
50,646
Commodity Charge
274,110
216,690
2759000
Total Purchased Water
$324,790
$254,688
$325,686
Contractual Services
Meter Reading
$2,640'
$1,760
$2,940
Turn On & Turn Off
1,250
1,119
1,650
Repairs
31,000
31,294
35;520
Field Visits
4,000
2,581
3,000
Meetings and Reports
700
542
700
Sampling and Compliance
3,000
3,000
Total Contractual.
$42,590
$37,296
$46,810
Administrative Expenses
Computer Billing
$4,660
$3,720
$0
Postage, Printing & Stationery
500
41
5W
Billing Software
600
1,000
Engineering/GIS Mapping
2,504
20
2,500'
Management Fees
36,000
30,000
36,850
Contingency/Bad Debt
500
50
Total Administrative Expenses
$44,760
$33,781
$40,900'
Debt Service:
Principal
$18,050
$13,137
$18,290
Interest
12,000
8,481
10,650
Total Debt Service
$30,050
$21,618
$28,940
Operating Transfers/Other Non-Operating
Depreciation Expense
10,849
10,850
Amortization Expense
607
610'
Renewal & Replacement Reserve
$27,300
$11,581
$21,374
Working Capital ( *)
3,160
0
Payment in Lieu of Taxes
19,530
19,530
19,630
Total Operating Transfers Out/Other
$49,990
$42,567
$52,464
Total Water System Expenses
$492,180
$389,950
$494,800
Excess Revenue over (under) Expenditures [ *J
0
8/30/96