1983-22 Adopting Budget for the 1983-84 Fiscal Year
RESOLUTICN NO. R83-22
RESOwrICN OF THE BOI\RD OF DIREX:roRS OF
SAN D=rro WATER DISTRIcr AOOPrING
= FOR THE 1983-84 FISCAL YEAR
WHERFAS, it is in the interest of the District to adopt a
bOClget for the 1983-84 fiscal year;
NCW, THEREFORE, IT IS HEREBY RESOLVED, DETERMINED AND ORDERED
by the Board of Directors of San Dieguito Water District as fallONS:
L That the budget set forth on Exhibit A, which is attached
hereto, be and it is adopted as the bOOget of the San Dieguito Water
District for the 1983-84 fiscal year.
2. That the officers of the District be and they are directed.
to use said budget as a guide to the District 1 s financial operations
for said fiscal year.
PASSED AND AOOPrED at a regular meeting of the Board of Directors
of San Dieguito Water District held on the 25th day of July, 1983, by
the follCMing vote to wit:
AYES: Directors Weston, Dashiell, Weidner and Harris.
NOES: None.
ABSENr: Director Fahlberg.
d!f&
President
A'ITF.ST:
37
EXHIBIT "A"
SAN DIEGUI'IO WATER DISTRICf
BUllGEl'
AlJOPl'ED JULY 25, 1983
RESOWrlrn NUMBER R 83-22
Operating Expense
Water purchased
Water treat:rrent
Trans. & Dist.
~ter installations
Custarer accormts
Admin. & General
Vehicles & equipnent
$555,000
512,000
160,000
15,000
12,000
8,000
50,000
$1,312,000
Sub total
Einployee Benefits
PERS
Medical
Dental
State Canp. Ins.
Unifonns, safety, etc.
Salaries
$125,000
47,000
6,000
20,000
13,000
763,000
$974,000
Sub total
Rents & leases
Maint. General Plant
other operating expense
Bond expense
1982 Bend payrrent
Sub total
5,000
22,000
o
214,000
931,000
$1,172,000
Sub total
Reserve increase
$3,458,000
783,000
$4,241,000
'IOI'AL EXPENSE
Revenues
Availability charges
Water sales
Non operating
AssesSlreIlts
Meter installations
Custarer contributions
Capacity charges
Salaries paid by Canst.
Interest
$813,000
2,598,000
45,000
340,000
28,000
25,000
217,000
35,000
140,000
$4,241,000
1.56
Tal'AL REVENUE
Debt Coverage
Debt coverage = Reserve Increase - Capacity Charges -
Custare.r Contributions - Meter Installations
1982 Bend payrrent
Water sales inCXIre is based on a 4.3% water rate increase adopted.
with budget to be effective Cctober 1, 1983.
See attached assumptions.
SAN OIEGU11O WATER 01S1RIcr
1983-84 BUI:GET
ASSUMPr100S USED
1. Water purchased will be 7560 !\C. Ft.
2a ~'later sold will be 7030 Ac. Ft.
3. 55% of the water will be purchased fran the CWA.
45% of the water will be Purchased fran San Diego.
4. We will receive an interruptible rebate fran the CWA of $132,000
for storing 3000 acre feet at Hodges.
5. C'WA water rates increased 24%.
6. Health insurance rates decreased 7%.
7. Salary bracket increases will be 2.9%.
8. PERS (retirarent cost increased 10.2%).
9. The interest payrrent for the 1982 Bonds is $931,000.
10. We will install 135 new rreters.
11. Interest on savings will be 9%.
12. A debt coverage of surplus must be at least 30% rrore than the bond
payrrent.
I3..Sown will use 46% of the water treated at the plant.
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