Final Budget. South Torrington Water & Sewer District

Transcription

1 FY 7/1/16-6/30/17 Budget South Torrington Water & Sewer District 371 East 6th Avenue Torrington, WY Goshen County Budget Hearing Information Location: 371 East 6th Avenue, Torrington, WY Date: June 14th, 2016 Time: 6:00 PM Budget Prepared by: LaDonna Feagler S-1 BUDGET MESSAGE W.S (d) The South Torrington Water & Sewer District proposed budget reflects the District's needs to save for the future. FY2015, the District established an emergency fund. The FY2016 budget continuted to fund the embergency fund. The Board of Directors of the STWS District are committed to planning for the future needs of the District. FINAL BUDGET SUMMARY OVERVIEW S-1 Total Budgeted Expenditures $189,376 $196,738 $256,552 $256,552 S-2 Total Principal to Pay on Debt S-3 Total Change to Restricted Funds $25,000 $50,000 $50,000 $50,000 S-4 Total General Fund and Forecasted Revenues $413,833 $495,101 $534,389 $534,389 S-5 Amount requested from County Commissioners $40,716 $28,552 $28,552 $28,552 S-6 Additional Funding Needed : $0 $0 REVENUE SUMMARY S-7 Operating Revenues $230,255 $262,648 $278,000 $278,000 S-8 Tax levy (From the County Treasurer) $40,716 $28,552 $28,552 $28,552 S-9 Government Support S-10 Grants $5,828 $0 $0 $0 S-11 Other County Support (Not from Co. Treas.) S-12 Miscellaneous $1,345 $1,342 $0 $0 S-13 Other Forecasted Revenue S-14 Total Revenue $278,144 $292,542 $306,552 $306,552 Revised February 2016

2 FY 7/1/16-6/30/17 EXPENDITURE SUMMARY South Torrington Water & Sewer District S-15 Capital Outlay $209 $4,988 $0 $0 S-16 Interest and Fees On Debt S-17 Administration $51,877 $56,249 $77,495 $77,495 S-18 Operations $129,049 $128,652 $170,622 $170,622 S-19 Indirect Costs $8,241 $6,849 $8,436 $8,436 S-20 Total Expenditures $189,376 $196,738 $256,552 $256,552 DEBT SUMMARY S-21 Principal Paid on Debt CASH AND INVESTMENTS S-22 TOTAL GENERAL FUNDS $135,688 $202,559 $227,836 $227,836 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) $0 $25,000 $75,000 $75,000 S-27 Amount to be added Total Reserves (a+b+c) $0 $25,000 $75,000 $75,000 S-28 a. Depreciation Reserve S-29 b. Other Reserve S-30 c. Emergency Reserve (Cash) $25,000 $50,000 $50,000 $50,000 Total to be added (a+b+c) $25,000 $50,000 $50,000 $50,000 S-31 Subtotal $25,000 $75,000 $125,000 $125,000 S-32 Less Total to be spent S-33 TOTAL RESERVES AT END OF FISCAL YEAR $25,000 $75,000 $125,000 $125,000 End of Summary Budget Officer / District Official (if not same as "Submitted by") Date adopted by Special District DISTRICT ADDRESS: 371 East 6th Avenue Torrington, WY PREPARED BY: LaDonna Feagler DISTRICT PHONE: Prepared in compliance with the Uniform Municipal Fiscal Procedures Act (W.S through 124) as it applies. Form approved by Wyoming Department of Audit, Public Funds Division Revised February 2016

3 Budget South Torrington Water & Sewer District NAME OF DISTRICT/BOARD PROPERTY TAXES AND ASSESSMENTS R-1 Property Taxes and Assessments Received R-1.1 Tax Levy (From the County Treasurer) $40,716 $28,552 $28,552 $28,552 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 $227,068 $263,161 $278,000 $278,000 R-3.2 Sales of Goods or Services $3,188 -$513 R-3.3 Other Assessments R-3.4 Total Operating Revenues $230,255 $262,648 $278,000 $278,000 R-4 Grants R-4.1 Direct Federal Grants R-4.2 Federal Grants thru State Agencies R-4.3 Grants from State Agencies $5,828 R-4.4 Total Grants $5,828 $0 $0 $0 R-5 Miscellaneous Revenue R-5.1 Interest $36 $144 R-5.2 Other: Specify Late Fees & Misc $1,309 $1,198 R-5.3 Other: Additional R-5.4 Total Miscellaneous $1,345 $1,342 $0 $0 R-5.5 Total Forecasted Revenue $237,428 $263,990 $278,000 $278,000 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 NAME OF DISTRICT/BOARD Budget CAPITAL OUTLAY BUDGET E-1 Capital Outlay E-1.1 Real Property System Replacement -- Reimb E-1.2 Vehicles E-1.3 Office Equipment E-1.4 E-1.5 System Replacement -- N $209 $4,988 $0 E-1.6 System Replacement -- R $0 $0 $0 E-1.7 E-1.8 TOTAL CAPITAL OUTLAY $209 $4,988 $0 $0 E-2 ADMINISTRATION BUDGET E-2.1 E-2.2 Personnel Services Administrator Secretary E-2.3 Clerical $16,243 $16,611 $22,000 $22,000 E-2.4 E-2.5 Temp Services $225 $0 $0 E-2.6 E-2.7 E-3 Board Expenses E-3.1 Travel E-3.2 Mileage E-3.3 E-3.4 Board Compensation $1,075 $1,650 $1,750 $1,750 E-3.5 Bond $600 $500 $600 $600 E-4 E-3.6 E-4.1 Legal $2,052 $15,174 $20,000 $20,000 E-4.2 Accounting/Auditing $6,500 $3,000 $7,000 $7,000 E-4.3 E-4.4 E-4.5 E-4.6 E-5 Other Administrative Expenses E-5.1 Office Supplies $4,026 $2,157 $2,500 $2,500 E-5.2 Office equipment, rent & repair $897 $20 $750 $750 E-5.3 Education E-5.4 Registrations E-5.5 E-5.6 *See Breakdown on Notes $9,919 $7,875 $10,840 $10,840 E-5.7 Utilities $10,340 $9,263 $12,055 $12,055 E-5.8 Contractual Services E-6 TOTAL ADMINISTRATION $51,877 $56,249 $77,495 $77,495

5 Budget OPERATIONS BUDGET E-7 E-7.1 Wages--Operations $35,089 $24,234 $30,000 $30,000 E-7.2 Service Contracts E-7.3 E-7.4 Misc Op Personnel Expen $55 $372 $500 $500 E-7.5 E-7.6 E-8 Travel E-8.1 Mileage $882 $1,000 $1,000 E-8.2 E-8.3 Conference Registrations $1,010 $657 $828 $828 E-8.4 Training $389 $325 $410 $410 E-8.5 E-9 E-9.1 Operating supplies (List) O&M Supplies $2,201 $4,858 $3,000 $3,000 E-9.2 Tools $472 $0 $0 E-9.3 Safety & Uniforms $654 $1,213 $1,500 $1,500 E-9.4 Fuel $2,134 $1,626 $2,400 $2,400 E-9.5 E-10 E-10.1 Program Services (List) Water Sampling & Testing $512 $413 $750 $750 E-10.2 R&M O&M Equipment $3,005 $2,735 $4,500 $4,500 E-10.3 Water System R&M -$331 $2,270 $1,613 $1,613 E-10.4 Sewer System R&M $14,201 $11,211 $23,352 $23,352 E-10.5 E-11 Contractual Arrangements (List) E-11.1 Building R&M $660 $820 $900 $900 E-11.2 Equipment Rental $2,229 $0 $0 E-11.3 E-11.4 E-11.5 E-12 Other operations (Specify) E-12.1 Water Purchased from To $38,629 $43,149 $49,870 $49,870 E-12.2 Sewer Discharged to Torr $28,140 $33,888 $50,000 $50,000 E-12.3 E-12.4 E-12.5 Personnel Services E-13 TOTAL OPERATIONS $129,049 $128,652 $170,622 $170,622

6 Budget INDIRECT COSTS BUDGET E-14 Insurance E-14.1 Liability $3,872 $1,395 $2,000 $2,000 E-14.2 Buildings and vehicles $1,970 $2,000 $2,000 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 E-15.2 Workers Compensation E-15.3 Unemployment Taxes E-15.4 Retirement E-15.5 Health Insurance E-15.6 E-15.7 Combined Payroll Taxes $4,369 $3,484 $4,436 $4,436 E-15.8 E-15.9 E-16 Depreciation Expenses E-17 TOTAL INDIRECT COSTS $8,241 $6,849 $8,436 $8,436 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 NAME OF DISTRICT/BOARD Budget GENERAL FUNDS C-1 Balances at Beginning of Fiscal Year C-1.1 General Fund Checking Account Balance $9,309 $38,574 $113,248 $113,248 C-1.2 Savings and Investments Account Balance $118,765 $150,018 $106,144 $106,144 C-1.3 C-1.4 General Fund CD Balance All Other Funds $7,614 $13,967 $8,445 $8,445 C-1.5 Reserves (From Below) $25,000 $75,000 $125,000 $125,000 C-1.6 Total Cash and Investments on Hand $160,688 $277,559 $352,836 $352,836 C-2 General Fund Reductions: C-2.1 a. Unpaid bills at FYE $372 $75 $2,578 $2,578 C-2.2 b. Reserves $25,000 $75,000 $125,000 $125,000 C-2.3 Total Deductions (a+b) $25,372 $75,075 $127,578 $127,578 C-2.4 Non-Restricted Funds Available $135,316 $202,484 $225,258 $225,258 DEPRECIATION RESERVE (CAPITAL OUTLAY - REPLACEMENT) C-3 C-3.1 Beginning Balance in Reserve Account (end of previous year) C-3.2 Date of Reserve in Minutes: 6/16/2015 C-3.3 Amount to be added to the reserve C-3.4 Date of Reserve in Minutes: 6/14/2016 C-3.5 SUB-TOTAL C-3.6 Identify the amount to be spent from "Reserve for Capital Outlay" C-3.7 a. C-3.8 b. C-3.9 c. C-3.10 Date of Reserve in Minutes: 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 C-4.2 C-4.3 C-4.4 Beginning Balance in Reserve Account (end of previous year) Date of Reserve in Minutes: Amount to be added to the reserve Date of Reserve in Minutes: C-4.5 SUB-TOTAL Identify the amount and project to be spent from C-4.6 C-4.7 "Other Reserves" a. C-4.8 b. C-4.9 c. C-4.10 C-4.11 Date of Reserve in Minutes: 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 $25,000 $75,000 $75,000 C-5.2 Date of Reserve in Minutes: 6/16/2015 C-5.3 Amount to be added to the reserve $25,000 $50,000 $50,000 $50,000 C-5.4 Date of Reserve in Minutes: 14-Jun-16 C-5.5 SUB-TOTAL $25,000 $75,000 $125,000 $125,000 C-5.6 C-5.7 C-5.8 Amount to be spent from Emergency Reserve (Cash) Date of Reserve in Minutes: Balance to be retained in Assigned Fund Balance $25,000 $75,000 $125,000 $125,000 C-5.9 TOTAL TO BE SPENT