HomeMy WebLinkAbout2/28/05
City of Farmington
325 Oak Street
. Farmington, MN 55024
A Proud Past - A Promising Future
Committed to Providing High Quality,
Timely and Responsive Service to All
Of Our Customers
AGENDA
REGULAR WATER BOARD MEETING
Monday, February 28, 2005
7 :00 PM
Conference Room A
1. Call to Order
2. Approve Agenda
3. Approve Minutes -regular meeting, January 24, 2005
4. Continued Discussion Items
a) T-Mobile Update
b) New Metering Technology Update
. 5. New Business
a) Verizon Wireless Lease Amendment
6. Approve Bills
7. Financial Report
8. Open Forum
9. Adjourn
.
. CITY OF FARMINGTON
REVENUES AND EXPENDITURES ANALYSIS
WATER FUND
12/31/2004
100% OF THE YEAR COMPLETE
2004 2004 %OF
BUDGET ACTUAL BUDGET
OPERATING REVENUES
USER FEES 810,000 837,107 103.35%
WATER PERMITS 25,000 13,195 52.78%
METER SALES 115,000 65,325 56.80%
TOTAL OPERATING REVENUE 950,000 915,627 96.38%
NON OPERATING REVENUES
WATER AVAILABILITY CHARGES 200,000 150,329 75.16%
WATER MAIN TRUNK FEES 100,000 6,374 6.37%
WATER TREATMENT PLANT FEES 100,000 10,680 10.68%
SPECIAL ASSESSMENTS 200,000 130,891 65.45%
INTEREST 200,000 127,750 63.88%
ADMINISTRATIVE .FINES . 5,460
ANTENNA LEASE 40,000 33,599 84.00%
TOTAL NON OPERATING REVENUE 840,000 465,083 55.37%
TOTAL ALL REVENUE 1,790,000 1,380,710 77.13%
. EXPENDITURES
SALARIES 115,492 110,470 95.65%
OVERTIME 2,500 5,240 209.60%
BENEFITS 17,301 16,840 97.34%
EQUIPMENT SUPPLIES 141,150 79,800 56.54%
VEHICLE SUPPLIES 491 0.00%
BUILDING SUPPLIES 0.00%
OTHER SUPPLIES 10,000 .7,040 70.40%
CHEMICALS 85,000 74,418 87.55%
FUEL 4,435 2,246 50.64%
PROFESSIONAL SERVICES 69,961 92,846 132.71%
LEGAL 2,190 999 45.63%
COMMUNICATIONS 6,610 6,005 90.85%
MUNICIPAL SERVICES 4,160 1,341 32.24%
ELECTRIC 51,500 93,645 181.83%
GAS 13,320 8,557 64.24%
INSURANCE 13,430 13,430 100.00%
POSTAGE 5,500 5,162 93.85%
OUTSIDE PRINTING 7,500 10,462 139.49%
LEGAL NOTICES 1,200 3,189 265.75%
DUES & SUBSCRIPTIONS 3,500 5,881 168.03%
SCHOOLS & CONFERENCES 1,100 521 47.36%
EQUIPMENT MAINT 28,800 11,368 39.47%
VEHICLE MAINT 500 1,989 397.80%
. EQUIPMENT RENTAL 0.00%
TOTAL EXPENDITURES 585,149 551,940 94.3.
OTHER FINANCING USES
DEBT SERVICE -Includes Total bond payoff 201,011 I 1,331,3981 662.35%
CONSTRUCTION 461,662 47,699 10.33%
CONSTRUCTION (Wells 6 & 7) 55,352
MISCELLANEOUS
TRANSFER FOR NEW FACILITY 32,839 32,839 100.00%
TRANSFER FOR ADMINISTRATIVE FEES 50,000 50,000 100.00%
TOTAL OTHER FINANCING USES 745,512 1,517,288
TOTAL EXPENDITURES & OTHER
FINANCING USES 1,330,661 2,069,228
INCREASE (DECREASE) TO RETAINED EARNINGS 459,339 (688,518)
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Operating Cash
Cash from Reservior Bonds
Water Availability Charge
Water Benefit Charge
Water Main Trunk Charge
Water Treatment Plant
Water fund Cash Balance
Total thru Total thru
12/31/2003 2004 12/31/2004
1,648,198.68 (776,725.68) 871,473.00
562,848.90 150,329.00 713,177.90
23,376.29 7,020.00 30,396.29
580,503.47 65,445.50 645,948.97
1,208,663.66 76,125.50 1,284,789.16
4,023,591.00 (477,805.68) 3,545,785.32
Water Construction Cash Balance
Total Cash available to Water Board
4,023,591.00
3,545,785.32
Classification of Develooer fees:
Water Availability Charges
Water Benefit Charges
Water Main Trunk Charges
Water Treatment Plant
are used for Wells and Reserviors
are lateral benefit charges
are used for constructing trunk facilities
fees to accumulate to build Water Treatment Facility