HomeMy Public PortalAboutRES 95/16Resolution 95 -16
A RESOLUTION ADOPTING THE WATER FUND BUDGET FOR THE
TOWN OF GULF STREAM
FOR FISCAL YEAR COMMENCING ON OCTOBER 1, 1995
AND ENDING ON SEPTEMBER 30, 1996
NOW, THEREFORE BE IT RESOLVED BY THE TOWN COMMISSION OF
THE TOWN OF GULF STREAM THAT:
Section 1. The proposed expenditures in the final budget of the Water Fund are
$492,180.00. The proposed revenues in the final budget of the Water Fund are
$492,180.00.
Section 2. The final budget is approved and shall become effective at the beginning of the
1995 - 1996 fiscal year, and the taxing authority funds may be expended
commencing on October 1, 1995 and ending on September 30, 1996.
Section 3. Funds of the 1994 - 1995 final budget not expended during the current fiscal
year 1994 - 1995 may be used and expended during subsequent fiscal year of
the general fund.
PASSED AND ADOPTED THIS 20TH DAY OF SEI
ATTEST
Town Clerk
Vice Mayor
Commissioner
'914t��
Commissioner
QO�,� �✓�,
Co ssioner
WATER SYSTEM REVENUES:
Water Sales Revenue
Interest Income
Total Water Sales Revenue
WATER SYSTEM EXPENDITURES:
Water Supply Expenses
Cost of Purchased Water:
Meter Charge
Capacity Charge
Commodity Charge
Total Purchased Water
Contractual Services
Meter Reading
Turn On and Turn Off
Repairs
Field Visits
Meetings and Reports
Sampling and Compliance
Total Contractual Services
Administrative Expenses
TOWN OF GULF STREAM
Water Fund
BUDGET
10/11/94
$ 505,523
4,080
509.603
7,140
50,594
288.482
346,216
2,640
1,251
20,402
4,460
733
4,022
33,508
ACTUAL
10/1/94
7/31/95
$ 390,437
2.578
393.015
34
43,218
210.935
254,187
2,200
910
26,349
7,743
822
-0-
38,024
�f -J- TD
q -�o-q>
PROPOSED
BUDGET
10/1/95
9/30/96
$ 488,180
4.000
492.180
40
50,640
274.110
324,790
2,640
1,250
31,000
4,000
700
3,000
42,590
Computer Billing
4,662
4,376
4,660
Postage, Printing & Stationery
497
- 0 -
500
Billing Software
600
448
600
Engineering /GIS Mapping
5,000
- 0 -
2,500
Indirect Cost Allocation
35,070
30,000
36,000
Contingency /Bad Debt
6,481
20
500
Total Administrative Expenses
52,310
34,844
44,760
Total Operating Expenses
432,034
327,055
412,140
Debt Service:
Principal
N/A
- 0 -
18,050
Interest
11.916
- 0 -
12.000
Total Debt Service
11,916
- 0 -
30,050
Operating Transfers Out:
Renewal & Replacement Reserve
27,300
22,505
27,300
Working Capital ( ")
18,132
23,234
3,160
Transfer to General Fund
20,221
20.221
19,530
Total Operating Transfers Out
65,653
65,960
49,990
Total Water System Expenditures
") Represents excess revenues over expenses estimated for Fiscal Year 1995 -96