HomeMy Public PortalAboutRES 14/09RESOLUTION No. 014 -09
A RESOLUTION OF THE TOWN COMMISSION OF THE TOWN OF
GULF STREAM, PALM BEACH COUNTY, FLORIDA, ADOPTING
THE WATER FUND TENTATIVE BUDGET FOR THE TOWN OF
GULF STREAM FOR THE FISCAL YEAR COMMENCING ON
OCTOBER 1, 2014 AND ENDING ON SEPTEMBER 30, 2015;
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Town Commission of the Town of Gulf
Stream, Palm each County, Florida, held a public hearing as
required by Florida Statute 200.065; and
WHEREAS, the Town Commission of the Town of Gulf
Stream, Palm Beach County, Florida, set forth the
appropriations and revenue estimate for the Budget for
Fiscal Year 2014 -2015 in the amount of $1,011,000.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COMMISSION
OF THE TOWN OF GULF STREAM, FLORIDA, THAT:
Section 1. The Fiscal Year 2014 -2015 Water Fund
Tentative Budget be adopted.
Section 2. This Resolution shall take effect
immediately upon its adoption.
PASSED AND ADOPTED AT A PUBLIC HEARING THIS 12th day of
September, 2014.
R
(SEAL)
ATTEST:
OWN LERK
REVENUES:
Water Sales Revenue
Interest Income
Reserves
Total Water Sales Revenue
EXPENSES:
Labor
Town of Gulf Stream
Water Fund
$923,000 $795,718 $945,000 $945,000
0 0
66,000 55,800 66,000 66,000
$989,000 $851,518 $1,011,000 $1,011,000
Salary
PRELIM.
35,861
FINAL
ACTUAL
TENTATIVE
BUDGET
ASOF
BUDGET
10/1/2013
Total Labor
PROJECTED 1011/2014
9/30/2014
7/31/2014
9/3012014 9/30/2015
$923,000 $795,718 $945,000 $945,000
0 0
66,000 55,800 66,000 66,000
$989,000 $851,518 $1,011,000 $1,011,000
Salary
42,640
35,861
42,640
43,878
Benefit
25,582
21,832
25,582
26,404
Total Labor
68,222
57,693
68,222
70,282
Cost of Purchased Water:
3,394
4,000
5,000
Meter Charge
$110
$70
$110
$110
Capacity Charge
30,000
19,244
$30,000
30,000
Commodity Charge
627,000
390,109
$527,000
620,000
Total Purchased Water
657,110
409,423
557,110
650,110
Operational Costs:
Repairs/Parts
Sampling Compliance
Communication
Electric
Supplies
Total Operational
Capital:
Administrative Expenses:
Postage, Printing & Stationery
Billing Software/Equipment
Engineering/GIS Mapping
Management Fees
Contingency /Bad Debt
Total Administrative Expenses
Operating Transfers /Other Non - Operating
Depreciation Expense
Reserves
Payment In Lieu of Taxes
Total Operating Transfer Out/Other
Total Water System Expenses
Net Revenue(Loss)
76,743
$15,327
$30,000
$76,743
3,000
1,365
3,000
4,140
226
400
500
279
400
500
3,394
4,000
5,000
79,743
20,5910
86,883
$35,000
$0
$35,000
$525
$714
$750
$525
2,000
0
1,500
2,000
6,500
135
2,000
6,500
65,000
54,258
65,000
75,000
2,000
0
2,000
2,000
76,025
55,107
71,250
86,025
$12,000
$9,000
$12,000
$12,000
66,000
55,800
66,000
66,000
29,900
16,917
29,900
39,700
107,900
81,717
107,900
117,700
$989,000
$0
Page 6
$624,531 $842,282 $1,011,000
$226,987 $168,718
$0