HomeMy Public PortalAboutORD 98/06NO. 98/6
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, 1998 AND ENDING ON SEPTEMBER 30,
1999.
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 $496,750.00 and the proposed revenues in the
final budget for the Water Fund are $496,750.00.
SECTION 2. The final budget, attached hereto as Exhibit A, is
approved and shall become effective at the beginning of the 1998-
1999 fiscal year, and the taxing authority funds may be expended
commencing on October 1, 1998 and ending on September 30, 1999.
SECTION 3. Funds of the 1997-1998 final budget not expended
during the current fiscal year 1997-1998 may be used and expended
during subsequent fiscal year(s) according to the provisions in
Resolution No. 94-19.
SECTION a 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this Ordinance are hereby repealed.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 inti, day of September, 1998, and for a second and
final reading on this 22nd day of September, 1998.
/WIRIN_
e
AT ST:
TOWN CL K
TOWN COMMISSION
TOWN OF GULF STREAM
FINAL BUDGET
1998-1999
REVENUES:
Water Sales Revenue
Interest Income
Total Water Sales Revenue
EXPENSES:
Cost of Purchased Water:
Meter Charge
Capacity Charge
Commodity Charge
Total Purchased Water
Contractual Services
Meter Reading
Tum On & Tum Off
Repairs/Capital
Field Visits
Meetings and Reports
Sampling and Compliance
Total Contractual
Administrative Expenses
Postage, Printing & Stationery
Billing Software/Equipment
Engineering/GIS Mapping
Management Fees
Contingency/Bad Debt
Total Administrative Expenses
TOWN OF GULF STREAM
Water Fund
ADOPTED
BUDGET
10/1/97
9/30/98
$496,750
4,000
$500,750
$40
51,600
287,000
$338,640
$2,940
1,650
35,000
3,000
700
3,000
$46,290
500
2,500
5,000
36,850
50
$44,900
Debt Service:
Principal
$19,500
Interest
9,540
Total Debt Service
$29,040
Operating Transfers/Other Non -Operating
Depreciation Expense
10,850
Amortization Expense
610
Renewal & Replacement Reserve
$21,370
Working Capital(")
(10,850)
Payment in Lieu of Taxes
19,900
Total Operating Transfers Out/Other
$41,880
Total Water System Expenses
$500,750
ACTUAL
10/1/97
7/31/98
83% of Year
Page 1
$464,266
951
$465,217
$28
35,089
217,915
$253,032
$1,939
0
28,108
644
788
0
$31,479
0
350
0
36,850
$37,200
$0
760
$1,760
10,850
4,251
$0
19,990
$35,091
$358,562
PROPOSED
BUDGET
10/1/98
9/30/99
$496,750
0
5496,750
$42
15,000
324,000
$339,042
$2,940
1,650
35,000
3,000
700
0
$43,290
$500
1,000
5,000
40,500
50
$47,050
$0
0
$0
$10,850
0
$21,370
15,248
19,900
$67,368
$496,750
CHANGES
MADE
SINCE
7/21/98
(610)
610
0