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Heritage Ranch Community Services District Budget
2009/10 Year Budget
Water fee income will end the year below budget by 3%, due to a decrease in water sales. Much of this decrease is due to customer water conservation efforts and the reduction in water use due to vacant foreclosed homes.
Gas station income will end the year below budget by 20% due to extremely low lake levels in the 2009 summer and fall.
Non-operating income will end the year below budget by 11%, due to lower property tax receipts and historic low interest rates impacting our interest income.
Capital reserves spending will be below budget by 17%, due to not completing several small projects.
All operating funds ended the year with a positive cash flow except for the water fund. The water fee adjustment only impacted half of the fiscal year thus overall water income was not sufficient to fund operating costs.
Salaries and wages will be below budget by 3%.
Maintenance and supplies will be above budget by 23% due to unforeseen major fixed equipment maintenance cost to the water system.
Utilities will be below budget by 2% and general and administrative expenses will be below budget by 7%.
2010/11 Year Budget
Water and sewer revenue is budgeted with the second full year of the fee increas.
Gas station revenue is projected for 1 ½ month of operation due to the closure process of the facility by July 31.
Hook-up and connection fees are budgeted with a projection of 9 new homes with water connections and 8 new homes with sewer connections.
Property tax revenue is budgeted with a 14% reduction due to lower property values and a tax shift by the State to fund its General Fund obligations.
Personnel cost will increase by 5% due to higher employee certification, merit increases, and a 2% cost of living adjustment.
Maintenance and supplies will increase by 3% and general and administration expenses are projected to decrease by 11%.
Capital projects cost will increase next year by 19%. Major projects include automatic read meter replacement, final design and construction of an emergency water supply project, WTP water quality upgrade, and gas station closure.
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