HomeMy Public PortalAboutORD 01/06ORDINANCE NO. 01/6
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, 2001 AND ENDING ON SEPTEMBER 30,
2002.
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
$531,000 and the proposed revenues in the final budget for the Water Fund are $531,000.
SECTION 2. The final budget, attached hereto as Exhibit A, is approved and shall
become effective at the beginning of the 2001-2002 fiscal year, and the taxing authority
funds may be expended commencing on October 1, 2001.
SECTION 3. Funds of the 1999-2000 final budget not expended during the current
fiscal year 2000-20001 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thereof which conflict with this or any part of this Ordinance are hereby repealed.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 14'h
day of September, 2001, and for a second and final reading on this 24th day of September,
2001.
f v
MAYOR
ATT ST:
TOWN CLERK
TOWN COMMISSION
EXPENSES:
Cost of Purchased Water:
EXHIBIT "A"
Meter Charge
$42
$24
$42
Town of Gulf Stream
15,220
7,863
Water Fond
Commodity Charge
328,900
ADOPTED ACTUAL
PROPOSED
Total Purchased Water
BUDGET AS OF
BUDGET
$344,162
10/1/00
30/1/01
�l�$�
9/30/01 6/30/01
9/30/02
REVENUES:
$1,489
$3,500
Water Sales Revenue
$525,000 5264,352
$525,000
Interest income
6,000 8,445
6,000
Total Water Sales Revenue
$531,000 $272,797
$531,000
EXPENSES:
Cost of Purchased Water:
EXHIBIT "A"
Meter Charge
$42
$24
$42
Capacity Charge
15,220
7,863
15,220
Commodity Charge
328,900
147,446
328,900
Total Purchased Water
$344,162
70,000
$344,162
Contractual Services:
0
�l�$�
Meter Reading
$3,500
$1,489
$3,500
Tum On & Turn Off
1,000
0
1,000
Repairs/Capital
35,000
53,881
35,000
Field Visits
2,500
2,504
2,500
Meetings and Reports
700
3,050
700
Sampling Compliance
0
SO
Total Contractual
$42,700
, T' ----PT17W
Administrative Expenses:
Postage, Printing & Stationery
$500
$402
$500
Billing Software/Equipment
1,000
0
1,000
Engineering/GIS Mapping
5,000
0
20,000
Management Fees
70,000
70,000
70,000
Contingency/Bad Debt
0
�l�$�
Total Administrative Expenses
$76,500 --77070-1-
$318,841
00
Operating Transfers/Other Non -Operating
Depreciation Expense
$10,850
$10,850
$10,850
Renewal & Replacement Reserve
21,370
1,432
21,370
Working Capital (')
15,518
15,518
Payment In Lieu of Taxes
19,900
19,900
19,900
Total Operating Transfer Out/Other
-$67i ,638
�l�$�
Total Water System Expenses
$531,000
$318,841
$546,000
Net Revenue(Loss)
0
(15,000)
Transfer From SBA
15,000
Net Revenue(Loss)
0
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