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SOUTH BEND WATER WORKS (Fund #620,622,624,625,628 & 629)
<br />(continued)
<br /> 2002 2003 2003 Salary Personnel Unusual Other 2004
<br /> Actual Aetual Budget Ordinance Changes Changes Changes Budget
<br />WATER WORKS SINKING FUND (Fund #625)
<br />Debt Service -1993 Bond 491,440 505,120 505,120 0 0 0 6,870 511,990
<br />Debt Service -1997 Bond 2,220,002 2,218,450 2,218,450 0 0 0 100 2,218,550
<br />Debt Service -2000 SRLF 96,690 187,448 187,447 0 0 0 2 187,449
<br />Proposed Rev. Bonds of 2001 155,832 462,140 462,140 0 0 0 (1,825) 460,315
<br />Paying Agent Fees 1,424 1,754 1,500 0 0 0 254 1,754
<br />Finance Lease Payments 10,726 5,363 5,363 0 0 0 (5,363) 0
<br />Total Debt Service 2 976,114 3,380,275 3,380.020 0 0 0 38 3,380,058
<br />Total Debt Service Increasel(Decrease) 38
<br />Debt Service Increase/(Decrease) as a Percent 0.0%
<br />Expenditures Increase/(Decrease) as a Percent -excluding Unusual Changes 0 ~
<br />WATER WORKS CAPITAL FUND (Fund #622)
<br />Main Extensions 237,807 84,292 250,000 0 0 0 0 250,000
<br />Water Meters 162,960 413,383 450,000 0 0 0 (160,000) 290,000
<br />New Wells 110,782 219,960 240,000 0 0 0 110,000 350,000
<br />Clean Wells 103,543 80,744 90,000 0 0 0 (20,000) 70,000
<br />Northwest Water Tower (inGuding land & road) 1,020,609 104,266 0 0 0 0 0 0
<br />Other Land Improvements 2,773 17,430 400,000 0 0 0 (400,000) 0
<br />Building Improvements 159,541 165,093 154,000 0 0 0 (58,500) 95,500
<br />Motor Vehicles 228,294 271,381 245,000 0 0 0 (85,900) 159,100
<br />Offce Equipment 8 Computer Equipment 3,578 103,462 5,000 0 0 0 125,928 130,928
<br />Operational Equipment and Other Capital 252,433 254,042 228,250 0 0 0 95,450 323,700
<br />Total Capital Expenditures 2.282,300 1.714,053 2.062,250 0 0 0 (393,022) 1,869 228
<br />Total Expenditures -Operating, Debt & Capital 12.788,865 13,720,847
<br />Total Expenditures Increase/(Decrease) -excluding Capital
<br />Expenditures Increase/(Decrease) as a Percent -excluding Capital
<br />Revenue Over / (Under) Operating Expenditures 2.179.098 387,206
<br />Revenue Over I (Under) Total Expenditures (103,202) 1 326 847
<br />13.855.477 155.705 (25,940) 220,740 (187,752) 14,018230
<br />555,775
<br />4.7%
<br />834.586 85.645
<br />(1,227 664)
<br />NOTES:
<br />a -Represents adjustments to income to more accurately reflect current projected levels.
<br />b -Represents hourly staff changes from last years budget that include two eliminations, one promotion, one reinstatement
<br />and one reGass~cetion.
<br />c -Includes an average cost increase of 76% for the City's Self-Insurance Health Plan plus any necessary changes from last year's budget regarding
<br />coverage options chosen by employees (i.e., family, single or rebate). ,
<br />d - Reflects the increase in intern positions related to GIS projects and meter reading.
<br />e -Also includes a increase of the City's mandated contributions to the State's PERF plan which was 3.25% of total salary in 2003 l0 4.00% in 2004.
<br />This rate is determined by the Indiana Board of Trustees of PERF on an annual basis.
<br />f -Construction and maintenance supplies reduction due to use of alternative methods of street repairs.
<br />g -Represents adjustment to accurately reflect anticipated decrease in expense.
<br />h -Reflects decrease due to postponement of Water Leak Survey, Valve Exercising and other miscellaneous
<br />services from pervious years budget
<br />i -Represents computer allocation increase in maintaining City's upgraded software system.
<br />j -PILOT is calculated by applying 80% of the City's tax rate to 33% of the utility's net book value (NBV) of its fixed assets. Water Work's NBV
<br />of $51,244,971 as of 12/31/02 increased 2.6%from 12I31I01.
<br />k - Reflects a transfer to the Water Leak Insurance Fund to cover a projected cash shortfall.
<br />I -Increase in fee assessed by IDEM related to the federal safe drinking water act. The annual operation
<br />fee for public water system is .95 cents per service connection.
<br />(1,603.583)
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