RES 88123 - Laserfiche WebLink

EXPENDITURE PROJECTIONS Operating Budget $ 596,818 $ 624,670 $ 27,852 DSRSD Payments 1,560,000 1,560,000 - LAVWMA Payments 615,000 615,000 TOTAL $2,771,818 $2,799,670 $ 27,852 FUND BALANCE PROJECTION Fund Balance 7/1/87 $ 994,537 $1,303,616 $309,079 Projected Revenue 2,911,518 2,911,518 - Projected Expenditures 2,771,818 2,799,670 27,852 Transfers- Depreciation & Overhead (Net) < 61~782> < 113~028> < 51r246> Projected Fund Balance 6/30/88 $1,072,455 $1,302,436 $229,981 Water Maintenance and operation Fund The Water Maintenance and Operation Fund provides the resources to meet the costs of maintaining the City's water system, including underground wells, mains, and water storage facilities, as well as payments to Zone 7 for the purchase of water. The Water Fund ending fund balance at June 30, 1988 is projected to be approximately $347r321 more than estimated at the time the budget was adopted. The beginning fund balance is $527~390 greater than estimates made last spring. The increase was due to actual expenditures being less than expected by $35~478, and actual revenues (plus net transfers) exceeding projections by $491,912. Water purchased for resale in 1987-88 is expected to cost $150,000 more than originally estimated. Other requested amendments include $26,865 for the purchase of handheld meter read/entry devices and related computer hardware; one-time software development costs ($30,000) which are partially offset by a decrease in service bureau costs ($23,000); software rental for 1/2 year ($3,100); and $5,500 for temporary salaries and overtime necessitated during the in-house conversion of the computerized utility billing system. The following table summarizes the financial information for the Water Maintenance and Operation Fund. SR:88:123