2013-05 budget RESOLUTION 2013-05
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SAN DIEGUITO WATER DISTRICT ADOPTING THE 3rd
QUARTER BUDGET REPORT AND 3RD QUARTER
ADJUSTMENTS FOR FISCAL YEAR 2012-13
WHEREAS, each year the Board of Directors adopts an Operating Budget for revenues
and expenditures for the San Dieguito Water District for the upcoming year; and
WHEREAS, each year the Board of Directors adopts a Capital Improvement Program
for the San Dieguito Water District with appropriations for the upcoming year; and
WHEREAS, the Board of Directors desires to make provision for a level of service
commensurate with the needs of the San Dieguito Water District; and
WHEREAS, the Board of Directors has reviewed the proposed Fiscal Year 2012-13 3`d
Quarter Budget Report and 3`d Quarter Adjustments for the San Dieguito Water District;
NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED that the
Board of Directors of the San Dieguito Water District does hereby adopt the 3`d Quarter Budget
Report for Fiscal Year 2012-13 and 3`d Quarter Adjustments as summarized bZ attachment
"Revised Budget Summary—All Funds (Schedule A); For the FY 2012-13 3` Quarter Budget
Review" attached hereto.
PASSED AND ADOPTED on this 24th day of April, 2013, by the following vote, to
wit.
AYES Barth, Gaspar, Kranz, Muir, Shaffer
NAYS- None
ABSENT: None.
ABSTAIN. None. ?�
Lisa Shaffer, President
ATTEST
F j
Gus Vina, Secretary to the Board
Attachment A
San Dieguito Water District Cash Flow Summary(with Reserves)
For the FY 2012-13 3rd Quarter Budget Review
FY 12/13 Approved February 27,2013 3rd Quarter Aprll 24,2013
Budget Mid-Year Adjusted Adjustments Adjusted
1 Beginning Fund Balance 9,660,853 9 660 853 9,660,853
2a Operating Revenues
Property Taxes $ 720,000 $ 720,000 $ 720,000
Potable Water Sales $ 10,034,382 $ 10,034,382 $ (1,000,000) $ 9,034,382
Recycled Water Sales $ 450,000 $ 450,000 $ 450,000
Meter Service Charges $ 3,488,544 $ 3488,544 $ (200,000) $ 3,288,544
Interest&Property Earnings $ 131,485 $ 131,485 $ 131 485
Development Support Charges $ 20,000 $ 20,000 $ 20,000
Billing&Engineering Fees $ 709,150 $ 709,150 $ 709,150
Other Revenue $ 7,500 $ 7,500 $ 7,500
2b Capital Revenues
Capacity Fees $ 50,000 $ 50,000 $ 50,000
3 Total Revenues 2a+2b $ 15 611 061 $ 15,611 061 $ (1,200,000) $ 14,411 061
4 Operating Expenditures
Personnel Services $ 2,793,882 $ 2,793,882 $ 2,793,882
Materials&Supplies $ 358,790 $ 358,790 $ 358,790
Contracts&Services $ 550,630 $ 550,630 $ 550,630
Potable Water Purchases(Inc.Fixed Charges) $ 4,084,000 $ 4,084,000 $ (700,000) $ 3,384,000
Recycled Water Purchases $ 500,000 $ 500,000 $ 500,000
Water Treatment $ 2,320,000 $ 2,320,000 $ 2,320,000
Internal Cost Allocation $ 921,484 $ 921 484 $ 921 484
Capital Outlay $ 18,000 $ 18,000 $ 18,000
5 Debt Service.
Repayment of City Advances $ 97,500 $ 97,500 $ 97,500
Bonded Debt Service&Fees $ 1,655,650 $ 1,655,650 $ 1,655,650
6 Sub-Total Expenditures $ 13,299,936 $ 13,299,936 $ (700,000) $ 12,599,936
7 Capital Improvement/Work Projects $ 1,815,000 $ 1,722,988 $ - $ 1,722,988
8 Vehicle/Equipment Replacement $ 175,000 $ 175,000 $ 175,000
9 Total Expenditures 6+7+8 $ 15,289 936 $ 16,197,924 $ (700,000) $ 14 497,924
10 Transfers In/(Out) $ - $ - $
11 Current Year Net 3-9+10) $ 321,125 $ 413,137 $ (86,863)
12 Ending Fund Balance (1+11) $ 9981978 $ 10,073,990 $ 9,573,990
13a Operating Reserve $ 1,938,348 $ 1,938,348 $ 1,938 348
13b Rate Stabilization Reserve $ 2,164,143 $ 2,164143 $ 2,164,143
13c Capital Replacement Reserve $ 5,509,633 $ 5601,644 $ 5,101,644
13e Vehicle/Equipment Replacement Fund $ 369,855 $ 369,855 $ 369,855
18 Total Reserves(13a+13b+13c+13d) $ 9,981,979 $ 10,073,990 $ 9,573,990
04/24/2013 Item #S3 Page 3