HomeMy WebLinkAbout1986-06-26 - Resolution No. 86-07d*... 4W
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RESOLUTION NO. 86-07
RESOLUTION OF THE BOARD OF DIRECTORS OF
YORBA LINDA WATER DISTRICT
ADOPTING 1986-87 GENERAL FUND BUDGET
WHEREAS, the staff of the Yorba Linda Water District has prepared an
extensive "1986-87 General Fund Budget Report"; and
WHEREAS, on June 5, 1986, the 1986-87 General Fund budget Report was
presented to and reviewed by the Finance Committee of the Board of
Directors of the District; and
WHEREAS, on June 26, 1986, the Finance Committee presented the 1986-87
General Fund Budget Report to the Board of Directors at a regular
meeting; and
NOW, THEREFORE BE IT RESOLVED by the Board of Directors of the Yorba
Linda Water District as follows:
Section 1. That the 1986-87 General Fund Budget, as more
particularly set forth in Exhibit "A" attached hereto, be
and hereby is approved and adopted.
Section 2. That the 1986-87 General Fund Budget will conform
to the specifications and standards of the County of Orange.
Section 3. That all conflicting resolutions and minute
orders are hereby repealed.
Passed and adopted this 26th day of June, 1986 by the following called
vote:
Ayes: Directors Cromwell, Fox and Knauft
Noes: None
Absent: Director William R. Mills, Jr. and Director Paul R. Armstrong
Abstain: None
D- Al
President
ATTEST:
7
i
Secretary G
0 0
EXHIBIT "A"
GENERAL FUND BUDGET
FISCAL YEAR 1986/87
Forecasted Water Operations Fund Revenues:
Forecasted Water Sales 4,032,120
Estimated fund balance at 6/30/86 0
Forecasted Other revenues
Property Taxes 351,000
Interest 150,000
Rent 3,770
Royalties 35,000 4,571,890
TOTAL WATER OPERATIONS FUND REVENUES 4,571,890
Recommended Water Operations Fund Expenditures:
Direct Expenditures from Water Operations Fund
Salaries and Benefits 1,148,800
Services and Supplies 2,776,090
Contingencies 100,000
Depreciation 447,000
Catastrophic Restoration 100,000 4,571,890
TOTAL WATER FUND EXPENDITURES 4,571,890