HomeMy WebLinkAbout11/23/98
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Water Board Agenda
Regular Meeting
November 23, 1998
7:00 PM
1) Call to Order
2) Approve Agenda
3) Approve Minutes - regular, October 26, 1998
4) Continued. Discussion Items
a) Water Reservoir Update
b) Radio Read Meter Implementation Update
. 5) Request to farm joint Water Board/City property
6) Request for Antenna on Water Reservoir - U.S. West
7) Financial Report
8) Approve Bills
9) Open Forum
10) Adjourn
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CITY OF FARMINGTON
REVENUES AND EXPENDitURES ANALYSIS
WATER FUND
10/31/98
1998
BUDGET
1998
ACTUAL
OPERATING REVENUES
USER FEES 450,000 425,625
WATER PERMITS 15,000 15,563
METER SALES 28,000 27,521
CUSTOM SERVICE 1,000 131
TOTAL OPERATING REVENUE 494,000 468,840
NON OPERATING REVENUES
WATER AVAILABILITY CHARGES 145,000 158,445
WATER MAIN TRUNK FEES 15,000
SPECIAL ASSESSMENTS 126,000 90,352
INTEREST 25,000 32,355
MISCELLANEOUS 254
ANTENNA LEASE 10,500 10,500
TOTAL NON OPERATING REVENUE 321,500 291,906
TOTAL ALL REVENUE 815,500 760,746
. EXPENDITURES
SALARIES 45,747 36,354
OVERTIME 7,000 2,797
BENEFITS 8,703 4,498
PRINTING & PUBLISHING 2,652 1,398
PROFESSIONAL SERVICES 46,096 51,482
DUES & SUBSCRIPTIONS 515 1,716
SCHOOLS & CONFERENCES 1,004
TRANSPORTATION COSTS 1 ,442 791
EQUIPMENT MAINT/RENT 19,626 10,131
UTILITIES 41,754 42,803
SUPPLIES 22,092 26,799
MERCHANDISE FOR RESALE 41,200 17,164
MISCELLANEOUS 29
CREDIT TO DEVELOPERlTRUNK 49,608
TOTAL EXPENDITURES 237,831 245,570
OTHER FINANCING USES
DEBT SERVICE 108,702 54,954
DEPRECIATION 28,000
TRANSFER FOR ADMINISTRATIVE FEES 21,500 17,900
TRANSFER TO CONSTRUCTION FUND 250,000
TOTAL OTHER FINANCING USES 408,202 72,854
TOTAL EXPENDITURES & OTHER
. FINANCING USES 646,033 318,424
INCREASE (DECREASE) TO RETAINED EARNINGS 169,467 442,322