Heritage Ranch Community Services District Budget

Fiscal Year Ending June 30, 2011
 

• Water fee income will end the year above budget by 2%, due to a the 2010 rate increase and higher water use by customers.
• Sewer fee income will end the year below budget by 2.5% due primarily to vacant homes/foreclosures that are not paying the base sewer fee.
•  Non-operating income will end the year below budget by 3.9%, due to historic low interest rates impacting our interest income.
• The water and sewer funds will end the year with a positive cash flow. The gas station fund ended the year with a $3,877 deficit due to very low gas sales and the eventual shut down of the facility.
• Salaries and wages will meet the budget projections.
• Maintenance and supplies will be below budget by 16.5% due to strict cost control in several line item categories and no unforeseen major fixed equipment cost last year.
• Utilities will be below budget by 3.3% and general and administrative expenses will be below budget by 5.5%.

Fiscal Year Ending June 30, 2012

• The adopted water/sewer fee scheduled increase is not included in the Fiscal Year 2011/12 Budget. The scheduled adjustment for water rates of 8% and sewer rates of 10% would have increased the average customer’s bill by $5.51 per month. This fee increase was not put into effect but will be considered again next fiscal year.
• Hook-up and connection fees are budgeted with a projection of 15 new homes with water and sewer connections.
• Interest income is projected at $17,000. This would be an all time low for our interest received form our capital reserves.
• Personnel cost will increase by 2.9% due to anticipated higher medical insurance and pension cost but deceased due to higher pension contributions by employees and furloughs.
• Maintenance and supplies will decrease by 14.4% and general and administration expenses are projected to decrease by 12.7%.
• Capital projects cost will decrease next year by 25.9%. Major projects include automatic read meter replacement and gallery well emergency repairs.