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SOUTH BEND WATER WORKS (Fund #620,622,624,626 & 629)
<br />(continued)
<br />Total Debt Service Increasel(Decrease) 377,066
<br />Debt Service Increasel(Decrease) as a Percent 11.145
<br />WATER WORKS CAPITAL FUND (Fund 0622)
<br />2004
<br />2006
<br />2005
<br />Salary
<br />Other
<br />2006
<br />Main Extensions
<br />Actual
<br />Actual
<br />Budget
<br />Ordinance
<br />Changes
<br />Budget
<br />WATER WORKS SINKING FUND (Fund #625)
<br />144,841
<br />124,076
<br />50,000
<br />0
<br />(51
<br />0
<br />Debt Service -1993 Bond
<br />511,990
<br />522,240
<br />522,240
<br />6
<br />13,750
<br />535,990
<br />Debt Service -1997 bond
<br />2,218,550
<br />2,225,796
<br />2,225,790
<br />0
<br />(2,675)
<br />2,223,115
<br />Debt Service -20DO SRLF
<br />187,449
<br />967,448
<br />187,448
<br />0
<br />0
<br />187,449
<br />Debt Service -2002 Bond
<br />460,315
<br />458,315
<br />458,315
<br />0
<br />2,519
<br />460,834
<br />Paying Agent Fees
<br />1,745
<br />1,574
<br />1,754
<br />0
<br />746
<br />2,500
<br />Proposed Revenue Bonds of 2005
<br />0
<br />0
<br />0
<br />0
<br />362,725
<br />362,726
<br />Total Debt Service
<br />3,380,049
<br />3,$95,467
<br />3,395,547
<br />0
<br />377,066
<br />3,772,613
<br />Total Debt Service Increasel(Decrease) 377,066
<br />Debt Service Increasel(Decrease) as a Percent 11.145
<br />WATER WORKS CAPITAL FUND (Fund 0622)
<br />Main Extensions
<br />333,566
<br />238,533
<br />200,000
<br />0
<br />0
<br />200,000
<br />Water Meters
<br />144,841
<br />124,076
<br />50,000
<br />0
<br />(51
<br />0
<br />New Wells
<br />177,761
<br />10,924
<br />0
<br />9
<br />150,000
<br />150,000
<br />Clean Wells
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Northwest Water Tower (including land & road)
<br />0
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Other Land Improvements
<br />2,490
<br />0
<br />0
<br />0
<br />0
<br />0
<br />Building Improvements
<br />210,452
<br />5,156
<br />7,200
<br />0
<br />(7,200)
<br />0
<br />Motor Vehicles
<br />78,154
<br />0
<br />0
<br />0
<br />106,100
<br />106,109
<br />Office Equipment & Computer Equipment
<br />50,574
<br />30,508
<br />7,504
<br />0
<br />3,e00
<br />41,300
<br />Operational Equipment and Other Capital
<br />29_1,213
<br />137,600
<br />20,000
<br />0
<br />$2,000
<br />82,000
<br />Total Capital Expenditures
<br />1,289,051
<br />548,997
<br />264,700
<br />0
<br />264,700
<br />549,400
<br />Total Expenditures - Operating, Debt & Capital
<br />12,538,158
<br />12,780,671
<br />13,530,593
<br />104,859
<br />588,815
<br />13,574,345
<br />Total Expenditures Increasel(Decrease) - excluding Capital
<br />528,974
<br />Expenditures increasel(Decraase) as a percent - excluding Capital
<br />4.2%
<br />Revenue Ovarl (Under) Operating Expenditures
<br />840,511
<br />(337,519)
<br />719,491
<br />1,476,272
<br />Revenue Over f (Under) Total Expenditures
<br />(1,626,570)
<br />172,494
<br />555,611
<br />926,872
<br />NOTES:
<br />a - Represents adjustments to income to incorporate a 219% fee increase.
<br />It - Represents a decrease in the irtem account and permanent part time.
<br />c - Includes an average cost increase of 169', for the City's Self- insurance Health Plan plus any necessary changes from last year's budget
<br />regarding coverage options chosen by employees (.e., family, single or rebate)_
<br />Also includes an increase of the City's mandated contributions to the State's PERF plan which was 4.25% of total salary in 2005 to 4.50%
<br />in 2006. This rate is determined by the Indiana Board of Trustees of PERF an an annual basis.
<br />at - Represents adjustment to accurately reflect anticipated increase in expense,
<br />e - Construction and maintenance department has reduced the number of in-house street repairs. The majority of street cuts are performed
<br />by outside contractors,
<br />f - Reflected is a 23% reduction in Source of Supply and Water Treatment for miscellaneous and site communication services. Meter operations
<br />decreased 44% due to Leak Survey not required in 2006. Rate Case Financial Advisor services not necessary in 2006 decreased General and
<br />Administrative expense by 3346.
<br />g - Further required engineering spedriications for street cuts is expected to increase cost. Other general services are reported as a minimal
<br />increaseldecresse.
<br />In - Represented is a budget adjustment to reflect projected expense. Water utility operations has absorbed the repair cost of stop boxes that are
<br />serviced in conjunction with the water leak insurance repairs.
<br />i - PILOT is calculated by applying the City's tax rate to the utility's net hook value (NBV) of its fixed assets. Water Work's NBV
<br />of $58,548,155 as of 12131104 increased 5.1% from 121'31104. Also, the tax rate used by the City increased by 7,7 %from a rate of 1.98 to 2,11
<br />j - Taxable receipts will increase as the value of services increase.
<br />k- The leak insurance monthly water service charge increased $ 0,37 per user in art 1 of 2005. A forthcoming increase of $ 0.13 in art 1 of 2006
<br />will enable the service fund to recover requiring no transfer to cover cash shortfalls.
<br />I -The IDEM Safe Drinking Water Fee has been phased in over a three year period. In 2006 , and each year thereafter, the full fee is due annually.
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