Final Budget. Snake River Sporting Club Improvement & Service District

Transcription

1 FY 7/1/17-6/30/18 Snake River Sporting Club Improvement & Service District Sporting Club Rd Jackson, WY Teton County Budget Hearing Information Location: Snake River Spoting Club Date: May, 25th 2017 Time: 5:00pm Budget Prepared by: Tom Merkt S-A BUDGET MESSAGE W.S (d) This budget will be the first full fiscal year budget for Snake River Sporting Club ISD as it was established in April of This budget will cover income and expenses as they relate to sewer, water, bridge and road maintenance for the improvement and service district of Snake River Sporting Club. This budget is funded with $70, transfered from the SRSC HOA, money earmarked for for services that are now being provided by the ISD. An additional $150, will be transfered from the HOA of money from a special assesment for development of a 3rd water well. $240, of income from a state issued WWSD grant is included in the budget. $738, of grant revenue and correlating capital expense is inculded for the road slide project. Additional income is estimated at $45, from revenues relating to water and sewer meter charges. Revenues and expenses for budget are based on actual revenues, and expenses of Snake River Sporting Club HOA budget lines relating to sewer water, and bridge expenses and revenue. Revenues from sewer and water metering is an estemate as meter instalation is relativly new, although the estemate is to be considered low. Major capital expenses are outlined in this budget and include the need to install a 3rd well to keep up with current and future demand. Exsese revenues of the ISD will be rolled into the reserve account. S-B RESERVE DESCRIPTION The reserve for Snake River Sporting Club HOA will be rolled into the ISD and is assumed to be absolved to to the land slide mittigation and construction of a third well. S-C Names of Board Members Christopher Swann Michael Macuga Thomas Hirsch Date of End Does the district have regular office hours of Term exceeding 20 hours per week? Yes 4/11/19 If Yes, enter 4/11/19 Address of office: Sporting Club Rd. 4/11/21 City, State, Zip: Phone Number: Hours Open: Jackson, WY, am - 4pm Where are the minutes of your board meeting available for public review? They are avalable for review at Sporting Club Rd. How and where are the notices of meeting posted for the public? They are available upon request with a weeks notice. Where are the public meetings held? Snake River Sporting Club

2 FINAL BUDGET SUMMARY OVERVIEW S-1 Total Budgeted Expenditures $0 $15,003 $1,124,780 $1,124,780 S-2 Total Principal to Pay on Debt S-3 Total Change to Restricted Funds S-4 Total General Fund and Forecasted Revenues Available $0 $35,384 $1,243,600 $1,243,600 S-5 Amount requested from County Commissioners S-6 Additional Funding Needed : $0 $0 REVENUE SUMMARY S-7 Operating Revenues $0 $35,000 $265,600 $265,600 S-8 Tax levy (From the County Treasurer) S-9 Government Support S-10 Grants $0 $0 $978,000 $978,000 S-11 Other County Support (Not from Co. Treas.) S-12 Miscellaneous $0 $384 $0 $0 S-13 Other Forecasted Revenue S-14 Total Revenue $0 $35,384 $1,243,600 $1,243,600 FY 7/1/17-6/30/18 Snake River Sporting Club Improvement & Service District EXPENDITURE SUMMARY S-15 Capital Outlay $0 $0 $1,006,600 $1,006,600 S-16 Interest and Fees On Debt S-17 Administration $0 $2,922 $18,025 $18,025 S-18 Operations $0 $11,049 $95,725 $95,725 S-19 Indirect Costs $0 $1,032 $4,430 $4,430 S-20 Total Expenditures $0 $15,003 $1,124,780 $1,124,780 DEBT SUMMARY S-21 Principal Paid on Debt CASH AND INVESTMENTS S-22 TOTAL GENERAL FUNDS Summary of Reserve Funds S-23 Beginning Balance in Reserve Accounts S-24 a. Depreciation Reserve S-25 b. Other Reserve S-26 c. Emergency Reserve (Cash) S-27 Amount to be added Total Reserves (a+b+c) S-28 a. Depreciation Reserve S-29 b. Other Reserve S-30 c. Emergency Reserve (Cash) Total to be added (a+b+c) S-31 Subtotal S-32 Less Total to be spent S-33 TOTAL RESERVES AT END OF FISCAL YEAR End of Summary Budget Officer / District Official (if not same as "Submitted by") Date adopted by Special District DISTRICT ADDRESS: Sporting Club Rd Jackson, WY PREPARED BY: Tom Merkt DISTRICT PHONE: Prepared in compliance with the Uniform Municipal Fiscal Procedures Act (W.S through 124) as it applies. 3/27/17 Form approved by Wyoming Department of Audit, Public Funds Division

3 Snake River Sporting Club Improvement & Service Dis NAME OF DISTRICT/BOARD PROPERTY TAXES AND ASSESSMENTS R-1 Property Taxes and Assessments Received R-1.1 Tax Levy (From the County Treasurer) R-1.2 Other County Support FORECASTED REVENUE R-2 Revenues from Other Governments R-2.1 State Aid R-2.2 Additional County Aid (non-treasurer) R-2.3 City (or Town) Aid R-2.4 R-2.5 Total Government Support R-3 Operating Revenues R-3.1 Customer Charges $70,600 $70,600 R-3.2 Sales of Goods or Services $35,000 $45,000 $45,000 R-3.3 Other Assessments $150,000 $150,000 R-3.4 Total Operating Revenues $0 $35,000 $265,600 $265,600 R-4 Grants R-4.1 Direct Federal Grants R-4.2 Federal Grants thru State Agencies $240,000 $240,000 R-4.3 Grants from State Agencies $738,000 $738,000 R-4.4 Total Grants $0 $0 $978,000 $978,000 R-5 Miscellaneous Revenue R-5.1 Interest $384 R-5.2 Other: Specify NA R-5.3 Other: Additional R-5.4 Total Miscellaneous $0 $384 $0 $0 R-5.5 Total Forecasted Revenue $0 $35,384 $1,243,600 $1,243,600 R-6 Other Forecasted Revenue R-6.1 a. Other past due-as estimated by Co. Treas. R-6.2 b. Other forecasted revenue (specify): R-6.3 R-6.4 R-6.5 R-6.6 Total Other Forecasted Revenue (a+b)

4 Snake River Sporting Club Improvement & Service Distr NAME OF DISTRICT/BOARD CAPITAL OUTLAY BUDGET E-1 E-1.1 Real Property E-1.2 Vehicles $0 E-1.3 Office Equipment E-1.4 E-1.5 New Well $268,600 $268,600 E-1.6 $738,000 $738,000 E-1.7 Capital Outlay E-1.8 TOTAL CAPITAL OUTLAY $0 $0 $1,006,600 $1,006,600 E-2 E-3 E-4 ADMINISTRATION BUDGET E-2.1 Administrator $14,000 $14,000 E-2.2 Secretary E-2.3 Clerical $2,922 E-2.4 E-2.5 E-2.6 E-2.7 E-3.1 E-3.2 E-3.3 E-3.4 E-3.5 E-3.6 Travel Mileage E-4.1 Legal $3,000 $3,000 E-4.2 Accounting/Auditing $700 $700 E-4.3 E-4.4 water management E-4.5 E-4.6 E-5 Other Administrative Expenses E-5.1 Office Supplies $325 $325 E-5.2 Office equipment, rent & repair E-5.3 Education E-5.4 Registrations E-5.5 E-5.6 E-5.7 E-5.8 Personnel Services Board Expenses Contractual Services E-6 TOTAL ADMINISTRATION $0 $2,922 $18,025 $18,025

5 Snake River Sporting Club Improvement & Service Distr OPERATIONS BUDGET E-7 E-7.1 Wages--Operations $5,729 $27,500 $27,500 E-7.2 Service Contracts $2,400 $19,500 $19,500 E-7.3 E-7.4 Water Testing $1,500 $20,000 $20,000 E-7.5 E-7.6 E-8 Travel E-8.1 E-8.2 E-8.3 E-8.4 Mileage E-8.5 E-9 E-9.1 Operating supplies (List) Util: Electric $1,300 $8,000 $8,000 E-9.2 Util: Tel/ internet $120 $600 $600 E-9.3 E-9.4 E-9.5 E-10 E-10.1 Program Services (List) Light Maintenance $1,200 $1,200 E-10.2 Repairs: Sewer $10,000 $10,000 E-10.3 Bridge Maintenance $7,500 $7,500 E-10.4 Repairs $1,100 $1,100 E-10.5 E-11 Contractual Arrangements (List) E-11.1 E-11.2 E-11.3 E-11.4 E-11.5 E-12 Other operations (Specify) E-12.1 Miscellaneous $325 $325 E-12.2 E-12.3 E-12.4 E-12.5 Personnel Services E-13 TOTAL OPERATIONS $0 $11,049 $95,725 $95,725

6 Snake River Sporting Club Improvement & Service Distr INDIRECT COSTS BUDGET E-14 Insurance E-14.1 Liability $675 $675 E-14.2 Buildings and vehicles E-14.3 Equipment E-14.4 E-14.5 E-14.6 E-14.7 E-15 Indirect payroll costs: E-15.1 FICA (Social Security) taxes $831 $1,705 $1,705 E-15.2 Workers Compensation $201 $1,232 $1,232 E-15.3 Unemployment Taxes $424 $424 E-15.4 Retirement E-15.5 Health Insurance E-15.6 E-15.7 Medicare $394 $394 E-15.8 E-15.9 E-16 Depreciation Expenses E-17 TOTAL INDIRECT COSTS $0 $1,032 $4,430 $4,430 D-1 DEBT SERVICE BUDGET D-1.1 D-1.2 D-1.3 Debt Service Principal Interest Fees D-2 TOTAL DEBT SERVICE

7 Snake River Sporting Club Improvement & Service Dis NAME OF DISTRICT/BOARD GENERAL FUNDS C-1 Balances at Beginning of Fiscal Year C-1.1 C-1.2 C-1.3 C-1.4 C-1.5 General Fund Checking Account Balance Savings and Investments Account Balance General Fund CD Balance All Other Funds Reserves (From Below) C-1.6 Total Cash and Investments on Hand C-2 General Fund Reductions: C-2.1 a. Unpaid bills at FYE C-2.2 b. Reserves C-2.3 Total Deductions (a+b) C-2.4 Non-Restricted Funds Available DEPRECIATION RESERVE (CAPITAL OUTLAY - REPLACEMENT) C-3 C-3.1 Beginning Balance in Reserve Account (end of previous year) $0 $0 C-3.2 C-3.3 Amount to be added to the reserve C-3.4 C-3.5 SUB-TOTAL C-3.6 C-3.7 Identify the amount to be spent from "Reserve for Capital Outlay" a. C-3.8 b. C-3.9 c. C-3.10 C-3.11 TOTAL CAPITAL OUTLAY (a+b+c) C-3.12 Balance to be retained in Depreciation Reserve Account OTHER RESTRICTED FUND BALANCES - RESERVE (LEGALLY ENFORCED) C-4 C-4.1 Beginning Balance in Reserve Account (end of previous year) $0 $0 C-4.2 C-4.3 Amount to be added to the reserve C-4.4 C-4.5 SUB-TOTAL C-4.6 C-4.7 Identify the amount and project to be spent from "Other a. C-4.8 b. C-4.9 c. C-4.10 C-4.11 TOTAL OTHER RESERVE OUTLAY (a+b+c) C-4.12 Balance to be retained in Other Reserve Account ASSIGNED FUND BALANCE (EMERGENCY RESERVE - NOT COMMITTED) C-5 C-5.1 Beginning Balance in Reserve Account (end of previous year) $0 $0 C-5.2 C-5.3 Amount to be added to the reserve C-5.4 C-5.5 SUB-TOTAL C-5.6 C-5.7 C-5.8 Amount to be spent from Emergency Reserve (Cash) Balance to be retained in Assigned Fund Balance C-5.9 TOTAL TO BE SPENT