1995-03 Mid-Year 94/95 Fin Plan
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RESOLUTION NO. 95-03
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE CARDIFF SANITATION DISTRICT
ADOPTING MID-YEAR FINANCIAL PLAN FOR FISCAL YEAR 1994/95
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
Mid- Year Financial Plan Report.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Cardiff
Sanitation District does, hereby, adopt the Mid- Year Financial Plan Report for Fiscal Year
1994/95 as summarized by Schedule A attached hereto.
PASSED AND ADOPTED at a meeting of the Board of Directors on the 10th day of
May
, 1995, by the following vote, to wit:
AYES:
Aspell, Bond, DuVivier, Hano
NAYS:
None
ABSENT:
Davis
ABSTAIN: None
\-~
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J8IfÍes Bond, ~an of the Board
Cardiff Sanitation District
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ATTEST:
J!J.Lc <> 1-. V A /)"-",, ~
Deborah Cervone, Clerk of the Board
Book 1#
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Schedule A
4/27/95
(PROPOSED)
CARDIFF SANITATION DISTRICT MID-YEAR 1994/95 FINANCIAL PLAN SUMMARY
(1)
(2)
FUND AND TITLE
6/30/94
CASH
BALANCE
501- Operatìng.
2,376;922
502- Capital Replacement
3,019,208
503- Capital Expansion
. 38,808
504- Lease/Debt Payments
TOTAL ALL FUNDS
6,443,167
(3)
(4)
(5)
(6)
Page 1 of 1
(7)
PROJECTED
ENDING
BALANCE
6/30/95
(COL. 2+6)
385,000
4,052,400
24,000
50,000
4,511,400
::t-
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&
:.
...s
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.or:
8
CD
* In accordance with CSD Resolution No. 95-04, all but 25% of the budgeted, annual operating expenses will be transferred from the Operating Fund to the
Capital Replacement Fund ($2,000,522). Also, the Operating Fund will loan the Reclamation Fund $38,300 toward the water reclamation project Thus
the total transfers from the Operating Fund is $2,038,822. See Attachment D for more information on interfund transfers.
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MID-YEAR MID-YEAR PROJECTED
PROJECTED PROJECTED INTERFUND YEAR-END
FY 94-95 FY 94-95 TRANSFERS SUMMARY
REVENUES EXPENSES to/(from) * (COL.3-4+/-5)
1.519~926.. . 1.533,026 . . . {1.991.922}
. (2,038,822)
852,873 722,625 902,944 1,033,192
121,500 240,875 104,567 (14,808)
50,000 993,011 993,011 50,000
2,657,066
4,588,833
0
(1,931,767)
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G:\BUDGETS\SCHAMY95.XLS 5/3/95 11 :23 AM
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