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THE CITY OF SOUTH BEND
<br />2006 BUDGET - SUMMARY OF MAJOR CHANGES FROM 2005
<br />WATER REPAIR 1 INSURANCE FUND (Fund #644)
<br />NOTES:
<br />a - The monthly user fee will increase from $ 1.87 to $ 2.00 per month, effective January 1, 2006.
<br />b - The fund restructuring for sole purpose of replacing and/or replacement of service lines, in line with rate increase,
<br />is predicted to recover at a slow level.
<br />c - Loan repayment of $ 2601k is projected to be disbursed in two partial installments with final payment in 2006
<br />2004
<br />2005
<br />2005
<br />Anticipated
<br />2006
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />REVENUE:
<br />Water Leak Insurance
<br />694,617
<br />818,188
<br />710,000
<br />238,000 a
<br />948,000
<br />Interfund Transfer- Short-term Loan
<br />0
<br />1,430
<br />0
<br />2,500
<br />2,500
<br />Interfund Transfer from Water Works
<br />0
<br />0
<br />85,000
<br />(85,000) b
<br />0
<br />Total Revenue
<br />694,617
<br />819,618
<br />795,000
<br />155,500
<br />950,500
<br />Total Revenue Increasel(Decrease)
<br />3,495
<br />2,552
<br />5,000
<br />0
<br />155,500
<br />Revenue Increasel(Decrease) as a Percent
<br />868,985
<br />709,413
<br />813,120
<br />129,713
<br />19.6%
<br />NOTES:
<br />a - The monthly user fee will increase from $ 1.87 to $ 2.00 per month, effective January 1, 2006.
<br />b - The fund restructuring for sole purpose of replacing and/or replacement of service lines, in line with rate increase,
<br />is predicted to recover at a slow level.
<br />c - Loan repayment of $ 2601k is projected to be disbursed in two partial installments with final payment in 2006
<br />2004
<br />2005
<br />2005
<br />Anticipated
<br />2006
<br />Actual
<br />Actual
<br />Budget
<br />Changes
<br />Budget
<br />EXPENDITURES:
<br />Other Uses:
<br />Plumbing Contractors
<br />850,196
<br />688,741
<br />790,000
<br />0
<br />790,000
<br />Interfund Transfer (loan repayment)
<br />0
<br />0
<br />0
<br />130,000 c
<br />130,000
<br />Admin Charges (General Fund)
<br />15,294
<br />18,120
<br />18,120
<br />(287)
<br />17,833
<br />Bad Debt Expense
<br />3,495
<br />2,552
<br />5,000
<br />0
<br />5,000
<br />Total Other Uses
<br />868,985
<br />709,413
<br />813,120
<br />129,713
<br />942,833
<br />Total Expenditures
<br />868,985
<br />709,413
<br />813,120
<br />129,713
<br />942,833
<br />Total Expenditures Increasel(Decrease)
<br />129,713
<br />Expenditures Increasel(Decrease) as a Percent
<br />16.0%
<br />Revenue Over/ (Under) Expenditures
<br />110,205
<br />(18,120)
<br />7,667
<br />(174,368)
<br />NOTES:
<br />a - The monthly user fee will increase from $ 1.87 to $ 2.00 per month, effective January 1, 2006.
<br />b - The fund restructuring for sole purpose of replacing and/or replacement of service lines, in line with rate increase,
<br />is predicted to recover at a slow level.
<br />c - Loan repayment of $ 2601k is projected to be disbursed in two partial installments with final payment in 2006
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