1994-05 Adopt 94-95 Fin Plan
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RESOLUTION NO. 94-05
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE CARDIFF SANITATION DISTRICT
ADOPTING FISCAL YEAR 1994-95 FINANCIAL PLAN
WHEREAS, each year the Cardiff Sanitation District Board of
Directors adopts a Financial Plan for revenues and expenditures
for the upcoming fiscal year;
WHEREAS, the Board of Directors desires to make provision
for a level of service commensurate with the needs of the
District;
WHEREAS, the Board of Directors have reviewed the proposed
1994-95 Fiscal Year Financial Plan.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of
the Cardiff Sanitation District does, hereby, adopt the Financial
Plan Report for Fiscal Year 1994-95 as summarized by Schedule A
attached hereto.
PASSED AND ADOPTED at a regular meeting of the Board of
Directors on the
8th day of
June
, 1994, by the
following vote, to wit:
AYES:
Bond, Davis, DuVivier, Hano, Wiegand
NAYS:
None
ABSENT:
None
ABSTAIN:
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Jam~ Bon'; ~ai=~of the
C~diff Sanitation District
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Board
None
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ATTEST:
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E. Jane
Board
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Schedule A
4/25/94
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Page 1 of 1
PROPOSED
CARDIFF SANITATION DISTRICT FISCAL YEAR 1994/95 FINANCIAL PLAN SUMMARy
(1)
FUND AND TITLE
501- Operating
502- Capital Replacement
503- Capital Expansion
504- Lease/Debt Payments
505- Reclamation
TOTAL ALL FUNDS
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(2) (3) (4) (5) (6) (7)
PROJECTED
INTERFUND CURRENT ENDING
6/30/94 LOANS AND/OR YEAR BALANCE
CASH FY 94/95 FY 94/95 TRANSFERS SUMMARy 6/30/95
BALANCE REVENUES * EXPENSES** to/(from)*** COL.3-4+/-5 (COL. 2+6)
2,376,922 1,574,299 1,556,008 (38,300) (20,009) 2,356,913
3,019,208 857,771 722,625 (1,097,578) (962,432) 2,056,776
38,808 97,500 240}875 104,567 (38,808)
0 0 993,011 993,011 0 0
1,008,229 57,767
6,443,167 2,587,337 4,616,815 0 (2,029,478) 4,413,689
The revenues assume that there will not be a fee increase in CSD in FY 94/95.
The expenditures include the following capital improvement projects. They are based on initial
cost estimates until the CSD Master Plan is complete:
Olivenhain Trunk Sewer Rehabilitation for $862,000 of which $646,500 is from Replacement Fund and
$215,500 from Expansion Fund.
CSD Utilityhole Rehabilitation Phase I for $101,500 of which $76,125 is from Replacement Fund and
$25,375 is from Expansion Fund.
- SEJPA Water Reclamation Project of which CSD's current share of the cost is $1,104,296.
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*** See the attached Interfund Loan/Transfer Schedule for more detail on this column. The $104,567
Expansion Fund amount reflects the $434,545 loan from the Replacement Fund to the Expansion
Fund and the Expansion Funds payment of the $329,978 debt payment ($434,545 - $329,978 = $104,567),
leaving $104,567 of the loan available to help pay for Expansion Fund capital improvement projects.
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Schedule A
1/31/94
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Page 1 of 1
(APPROVED AT MID-YEAR ON 2/16/94)
CARDIFF SANITATION DISTRICT 1993/94 FINANCIAL PLAN HID-YEAR SUMMARy
(2) (3) (4) (5) (6) (7)
PROJECTED
ACTUAL MID-YEAR HID-YEAR PROJECTED ENDING
ENDING PROJECTED PROJECTED INTER FUND YEAR END BALANCE
BALANCE FY 93-94 FY 93-94 TRANSFERS BALANCE 6/30/94
6/30/93 REVENUES EXPENSES to/(from) (COL.3-4+/-5) (COL. 2+6)
2,439,797 1,627,836 1,690,7:1.1 C6~,87!) 2/J76,92~
3,300,865 874,638 495,477 (660,818) (281,657) 3,019,208
414,463 133,220 180,000 (328,875) (375,655) 38,808
0 0 989,693 989,693 0 0
916,229 92,000
7,071,354 2,727,694 3,355,881 0 (628,187) 6,443,167
(1)
FUND AND TITLE
SOl-- Operating
502- Capital Replacement
503- Capital Expansion
504- Lease/Debt Payments
505- Reclamation
TOTAL ALL FUNDS
D:\BUDGETS\BMYSACSD.XLS