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SOUTH BEND WATER WORKS (Fund 4620,622,624,625,628 & 629)
<br />(continued)
<br />Total Debt Service Increasel(Decreass) 15,489
<br />Debt Service Increase /(0ecrease) as a Percent 0.5%
<br />WATER WORKS CAPITAL FUND (Fund #622)
<br />2403
<br />2004
<br />2004
<br />Salary
<br />Personnel
<br />Dither
<br />2005
<br />Main Extensions
<br />Actual
<br />Actual
<br />Budget
<br />Ordinance
<br />Changes
<br />Changes
<br />Budget
<br />WATERWORKS SINKING FUND (Fund 0625)
<br />413,383
<br />144,841
<br />290,000
<br />0
<br />G
<br />(240,000)
<br />50,000
<br />Debt Service -1993 Bond
<br />505,120
<br />511,990
<br />511,990
<br />0
<br />0
<br />10,250
<br />522,240
<br />Debt Service -1997 Bond
<br />2,218,450
<br />2,218,550
<br />2,218,550
<br />0
<br />0
<br />7,240
<br />2,225,790
<br />Debt Service - 20005RLF
<br />187,448
<br />167,449
<br />187,449
<br />0
<br />0
<br />(1)
<br />167,448
<br />Proposed Rev. Bonds of 2001
<br />462,140
<br />460,315
<br />460,315
<br />0
<br />0
<br />(2,000)
<br />458,315
<br />Paying Agent Fees
<br />1,754
<br />1,745
<br />1,754
<br />0
<br />0
<br />0
<br />1,754
<br />Finance Lease Payments
<br />5,363
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Total Debt Service
<br />3,380,275
<br />3,380,049
<br />3,380,058
<br />0
<br />0
<br />15,489
<br />3,395,547
<br />Total Debt Service Increasel(Decreass) 15,489
<br />Debt Service Increase /(0ecrease) as a Percent 0.5%
<br />WATER WORKS CAPITAL FUND (Fund #622)
<br />Main Extensions
<br />84,292
<br />333,566
<br />250,000
<br />0
<br />0
<br />(50,000)
<br />200,000
<br />Water Maters
<br />413,383
<br />144,841
<br />290,000
<br />0
<br />G
<br />(240,000)
<br />50,000
<br />New Wells
<br />219,960
<br />177,761
<br />350,000
<br />0
<br />G
<br />(350,000)
<br />0
<br />Clean Wells
<br />80,744
<br />0
<br />70,000
<br />0
<br />0
<br />(70,000)
<br />0
<br />Northwest Water Tower (including land & road)
<br />104,266
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Other Land Improvements
<br />17,430
<br />2,490
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Bullding Improvements
<br />165,093
<br />210,452
<br />95,500
<br />0
<br />0
<br />(88,300)
<br />7,200
<br />Motor Vahlefes
<br />271,381
<br />78,154
<br />159,100
<br />0
<br />0
<br />(159,100)
<br />0
<br />Office Equipment & Computer Equipment
<br />103,462
<br />50,574
<br />130,928
<br />0
<br />0
<br />(123,428)
<br />7,500
<br />Operational Equipment and Other Capital
<br />254,042
<br />291,213
<br />321700
<br />0
<br />0
<br />(303,700)
<br />20,000
<br />Total Capital Expenditures
<br />1,714,053
<br />1,289,051
<br />1,1389,228
<br />0
<br />0
<br />1,3( 84,526}
<br />284,700
<br />Total Expenditures - Operating, Debt & Capital
<br />14,018,230
<br />(15,931)
<br />1,345,911
<br />12,780,671
<br />13,720,647
<br />13,530,593
<br />124,283
<br />Total Expenditures Increase! {pecreese) - excluding Capital
<br />146,969
<br />Expenditures Inereasel(Dacrease) as a Percent- excluding Capital
<br />1.2%
<br />Revenue Over I (tinder) Operating Expenditures
<br />3( 37,510)
<br />85,645
<br />387,206
<br />840,511
<br />Revenue Over! (Under) Total Expenditures
<br />1,3[ 28,847}
<br />1,8( 28,570}
<br />1,803,563
<br />555,811
<br />NOTES:
<br />a - Represents adjustments to Income to incorporate a 159S fee increase, Projected revenue adjustments are for only 9 months in 2005,
<br />b - Represents hourly staff changes from last years budget that include four eliminations, one reinstatement, one promotion, one salary increase
<br />and ore new position.
<br />c- Maintains no increase In total cost for the City's Self- Insurance Health Pion plus any necessary changes from last years budget regarding
<br />coverage options chosen by employees (I.e., family, single or rebate).
<br />Also includes a increase of the City's mandated contributions to the State's PERF plan which was 4% of total salary in 2004 to 4.25% in 2005,
<br />This rate is determined by the Indiana Board of Trustees of PERF on an annual basis.
<br />d - Reflects the decrease of two full time temporary employees.
<br />e - Represents adjustment to accurately reflect anticipated decrease in expense.
<br />f - Increase is based upon next phase of the South Weil Field Study and Water Leak Survey to conducted.
<br />g- Reflects anticipated increase In contracted street repairs due to specification requirements.
<br />h - Reduction reflects adjustment to prier budget and increased energy efficiency at the Olive Pumping Station.
<br />1- PILOT is calculated by applying the City's tax rate to the utilitWs net book value (NBV) of its fixed assets. Water Work's NOV
<br />of $5$823,522 as of 12131103 Increased 7,8% from 12131102. However the tax rate used by the City dropped by 7.9% from a rate of 213 to 1.98
<br />j - EPA Equipment Replacement Funds are no longer required for State Drinking Water Loans issue
<br />k - Represents a IDEM fee assessment imposed, Fee is related to the federal safe drinking water act.
<br />I - Reflects anticipated short term loan to Water Leak Insurance Fund (644) to cover the cash shortfall.
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