Example III shows the current and proposed operating budget for the city’s wastewater system.
Example III Wastewater Operating Budget (Dollars) | |||
FY 94—95 | Current FY 96—97 | Proposed FY 97—98 | |
Example III Wastewater Operating Budget (Dollars) | |||
FY 94—95 | Current FY 96—97 | Proposed FY 97—98 | |
Revenues | |||
Other - equipment sales | $7,000 | $7,000 | $20,000 |
Tap-on/impact fees | $14,000 | ||
User service charges | $296,000 | $302,000 | $440,000 |
Total revenues: | $303,000 | $309,000 | $474,000 |
Expenses | |||
OM&R expenses: | |||
Depreciation | Does not affect cash flow | ||
Other - KIA depreciation/replacement fund on new debt - 5%/10 years | $9,000 | ||
Salaries and fringes; utilities; equipment replacement fund; chemicals, supplies, and parts; contract services; and administrative costs/office supplies | $276,000 | $282,000 | $299,000 |
Subtotal OM&R expenses | $276,000 | $282,000 | $308,000 |
$Debt service expenses: | |||
Existing debt | $41,000 | $42,000 | $39,000 |
Other - KIA administrative fee - 0.2% of new debt | $3,000 | ||
Principal and interest payments (new debt) | $90,000 | ||
Subtotal debt service expenses | $41,000 | $42,000 | $129,000 |
Total expenses | $337,000 | $344,000 | $437,000 |
Net income/(loss) | ($14,000) | ($15,000) | $37,000 |
Notes: Depreciation is a non-cash expense The city maintains an improvement (replacement) fund balance of over $100,000 | |||
(Prior Code, § 54.22) (Ord. passed - -)