HomeMy Public PortalAboutORD 97/06NO. 97-6
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 FISCAL YEAR COMMENCING ON OCTOBER 1, 1997 AND
ENDING ON SEPTEMBER 30, 1998.
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
PASSED AND ADOPTED in a regular, adjourned session on first reading
this 12th day of September,
this 26th day of September,
MAYOR
ATTEST:
TOWN CLERK
1997, and for a second and final reading on
1997.
TOWN COMMISSION
Water Fund are $500,750.00, and the proposed
revenues in the final budget for the Water Fund are
$500,750.00.
Section 2.
The final budget, attached hereto as Exhibit A, is
approved and shall become effective at the beginning
of the 1997-1998 fiscal year, and the taxing authority
funds may be expended commencing on October 1, 1997
and ending on September 30, 1998.
Section 3.
Funds of the 1996-1997 final budget not expended
during the current fiscal year 1996-1997 may be used
and expended during subsequent fiscal 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of this Ordinance are hereby repealed.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 12th day of September,
this 26th day of September,
MAYOR
ATTEST:
TOWN CLERK
1997, and for a second and final reading on
1997.
TOWN COMMISSION
TOWN OF GULF STREAM
Water Fund
EXPENSES:
Cost of Purchased Water:
Meter Charge
ADOPTED
$35
PROPOSED
Capacity Charge
BUDGET
ACTUAL
BUDGET
Commodity Charge
10/1/96
10/1/96
10/1/97
Total Purchased Water
9/30/97
8/31/97
9/30/98
REVENUES:
700
1,293
700
Water Sales Revenue
$490,800
$337,098
$496,750
Interest Income
4,000
1,590
4,000
Total Water Sales Revenue
$494,800
$338,688
5500,750
EXPENSES:
Cost of Purchased Water:
Meter Charge
$40
$35
S40
Capacity Charge
50,646
43,086
51,600
Commodity Charge
275,000
178,751
287,000
Total Purchased Water
$325.686
$221,872
$338.640
Contractual Services
Meter Reading
$2,940
$2,325
$2,940
Tum On & Tum Off
1,650
344
1,650
Repairs/Capital
35,520
33,471
35,000
Field Visits
3,000
2,238
3,000
Meetings and Reports
700
1,293
700
Sampling and Compliance
3,000
1,460
3,000
Total Contractual
$46,810
$41,131
$46,290
Administrative Expenses
Postage, Printing & Stationery
500
0
$500
Billing Software/Equipment
1,000
1,103
2,500
Engineering/GIS Mapping
2,500
0
5,000
Management Fees
36,850
33,000
36,850
Contingency/Bad Debt
50
50
Total Administrative Expenses
$40,900
$34.103
544,900
Debt Service:
Principal
$18,290
$13,657
519,500
Interest
10,650
9,874
9,540
Total Debt Service
$28,940
$23.531
$29,040
Operating Transfers/Other Non -Operating
Depreciation Expense
10,850
9,955
$10,850
Amortization Expense
610
550
610
Renewal & Replacement Reserve
$21,374
$3,295
21,370
Working Capital (•)
0
(10,850)
Payment in Lieu of Taxes
19,630
17,985
19,900
Total Operating Transfers Out/Other
$52.464
$31.785
$41,880
Total Water System Expenses
$494.800
$352,422
$500,750
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