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SOUTH BEND WATER WORKS (Fund #620,622,624,625,628 & 629)
<br />(continued)
<br /> 2001 2002 2002 Salary Personnel Unusual Other 2003
<br /> Actual Actual Budget Ordinance Changes Changes Changes Budget
<br />WATER WORKS SINKING FUND (Fund #62S)
<br />Debt Service -1993 Bond 486,480 491,440 491,440 0 0 0 13,680 505,120
<br />Debt Service -1997 Bond 2,218,946 2,220,002 2,220,002 0 0 0 (1,552) 2,218,450
<br />Debt Service -2000 SRLF 56,000 96,690 99,289 0 0 0 88,158 187,447
<br />Proposed Rev. Bonds of 2001 0 155,832 494,296 0 0 0 (32,156) 462,140
<br />Paying Agent Fees 1,269 1,424 1,500 0 0 0 0 1,500
<br />Finance Lease Payments 10,726 10,726 10,726 0 0 0 (5,363) 5,383
<br />Total Debt Service 2.773.421 2.976.114 3,317,253 0 ~ 0 0 62.707 3,380,020
<br />Total Debt Service Increase/(Decrease) 62,767
<br />Debt Service Increase/(Decrease) as a Percent 1.9%
<br />Expenditures Increase!(Decrease) as aPercent -exGud ing Unusual Changes 1.9%
<br />WATER WORKS CAPITAL FUND (Fund 0622)
<br />Main Extensions 506,464 237,807 330,000 0 0 0 (80,000) 250,000
<br />Water Meters 102,373 162,960 288,000 0 0 0 162,000 450,000
<br />New Wells 191,055 110,762 0 0 0 0 240,000 240,000
<br />Clean Wells 44,667 103,543 42,000 0 0 0 48,000 90,000
<br />Northwest Water Tower (including land & road) 431,872 1,020,609 302,679 0 0 0 (302.679) 0
<br />Other Land Emprovements 1,058 2,773 135,000 0 0 0 265,000 400,000
<br />Building Improvements 167,355 159,541 38,000 0 0 0 116,000 754,000
<br />Motor Vehicles 187,234 228,294 0 0 0 0 245,000 245,000
<br />Office Equipment & Computer Equipment 28,529 3,578 50,975 0 0 0 (45,975) 5,000
<br />Operational Equipment and Other Capital 373,301 252,433 141,800 0 0 0 86,450 228,250
<br />Total Capital Expenditures 2,033.908 2,282,300 1.328.454 0 0 0 733,796 2,062,250
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<br />Total Expenditures • Operating, Dabt S Capital 12,098,049 12,788,885 12,851,923 117,279 (195,770) 351,682 930,383 13,855,477
<br />Total Expenditures Increasel(Deraease) -exGuding Capital 469,758
<br />Expenditures Increase/(Decrease) as a Percent -exclud ing Capital 4.1%
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<br />Revenue Over I (Under) Operating Expenditures 744.578 3,033,682 1,370,617 834.586
<br />Revenue Over I (Under) Total Expenditures (1,269.330) 751,382 42,163 1227
<br />NOTES:
<br />a -Represents adjustments to income to more accurately reflect current projected levels.
<br />b - Represents a special increase for four positions and decrease of one. Specialist-Utilities ($1,500). Asst Dir of Treatment ($1,000),
<br />Water Treat Oper-PF ($467). Auditor IV ($6,605) and Acct Clerk IV ($1,774 decrease). Addition of one
<br />Asst Dir. of Dist. ($37,129) and the elimination of Supervisor- Meter Reader ($32.780). Addition of one Supervisor -Customer Service ($28,705)
<br />and the reclass of salary for the another Supervisor -Customer Service ($4,075 decrease).
<br />Also included in hourty is a variety of adjustments from last years budget that include eliminations, promotions and staff changes.
<br />In addition to promotions and special salary increases the Water Works total FTE count has decreased by eight.
<br />c -Reflects the reduction in permanent part time help and an increase in extra and overtime.
<br />d - InGudes an average cost increase of 13% for the City's Self-Insurance Health Plan plus any necessary changes from last years budget regarding
<br />coverege options chosen by employees (i.e., family, single or rebate). Also inGUdes a increase of the City's mandated contributions
<br />to the Stele's PERF Plan which was 3.00% of total salary in 2002 to 3.25% in 2003. This rate is determined by the Indiana Board of
<br />Trustees of PERF on an annual basis.
<br />e -Construction and maintenance supplies increased due to city engineering utility specification requirements.
<br />f -Reflects an inaease due to a groundwater contamination study to be performed at south wellfield.
<br />g -Reduction reflects engineertng services to be budgeted for specific capital projects.
<br />h -Represents anticipated increase in contracted street repairs due to city engineering utility specification requirements.
<br />i -Reflects contracted service charges for stop box repairs previously budgeted for and funded by the Water Leak Insurance Fund.
<br />j -Represents computer allocation increase in maintaining City's upgraded software system.
<br />k -Represents adjustment to accurately reflect anticipated increase in bad debt expense.
<br />I -PILOT is calculated by applying 80% of the City's tax rate to 33% of the utilitys net book value (NBV) of its fixed assets. Water Work's NBV
<br />of $49,927,004 as of 12/31/01 increased 2.3% from 12/31/00 while the City's tax rate decrease 65.fi%(conversion from 33%) from the prior year equating to
<br />a total increase in this expenditure of 5.6% in comparison to 2002.
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