HomeMy WebLinkAbout1987-06-11 - Resolution No. 87-13• •
RESOLUTION NO. 07-13
RESOLUT1uN OF THE BOARD OF DIREL_TORS OF
YORBA LINDA WATER DISTRICT
ADOPTING 1 f?i i t- 8 WATER AND SE',YER BUDGET
WHEREAS, he tail o he `i or oa Linda Water District nas prepared an
extensi ve " 1987-88 Budget Report", and,
WHEREAS, ..,,..e 1987, no8 r,-o
, on Junw, the _he 1988 Budget Report vas presented to
and reviewed by the Finance Committee of the Board of Directors of the
District; and,
WHEREAS, on June" , 1967 the Finance Committee presented the 1987-88
Budget Report to the Board of Directors at a regular meeting,
+IO`rY THEREFORE BE IT RESOLVED by the Board of Directors of the Yorba
Linda Water District as follows:
Section 1. That the 1987-88 Water Fund Budget, as more
particularly set forth in Exhibit "A" attached hereto, be and hereby
is approved and adopted.
Section 2. That the 1987-88 Sewer Fund Budget, as more
particularly set forth in Exhibit "B" attached hereto, be and hereby
is approved and adopted.
'section 3. That the 1987-88 Budget will conform to the
specifications and standards of the County of Orange.
Section 4. That all conflicting resolutions and minute orders are
hereby repealed.
Passed and adopted this].1rMay of June, 1987 by the following called vote:
Ayes: Directors Sterling Fox, M. Roy Knauft, Jr., Whit Cromwell, William R. Mills, Jr.
Noes: None
AbS&t: Paul R. Armstrong
Abstain: None
President
ATTEST:
a/
4creta
• •
EXHIBIT "A" TO
YORBA LINDA WATER DISTRICT
RESOLUTION NO, 87-13
Water Operations Fund
Fiscal Year 1987-88
Water Operations Fund Revenues:
Forecasted Water sales:
$4,539,311
Forecasted Other Revenues:
Property Taxes
$380,000
Interest
220,000
Rent
6,389
Royalties
10,000
TOTAL WATER FUND REVENUES $5.155.700
Water Operations Fund Expenditures:
Variable Operating $2,449,000
General and Administrative 673,100
Personnel Compensation 1,258,600
Other 775,000
TOTAL WATER FUND EXPENDITURES $5.155.700
EXM1EIT "E" T,-,
YORBA LINDA WATER DISTRICT
RESdOLUTION NO, 8?- 13
Sewer Operations Fund
Fiscal Year 1987-88
Sewer Operations Fund Revenues:
Fund Balance at June 30, 1987
$79,300
Direct Billings
165,000
Special Assessments
22,500
Interest
100,000
Frontage Fees
32,200
Records and Overhead
4,700
Other
1 1 ,600
TOTAL SEWER FUND REVENUES: 5415.300
Sewer Operations Fund x nditures:
General and Administrative:
• Direct expenditures $30,000
• Allocation from Water Fund 29,000
Personnel Compensation 140,300
Other:
• Contingency $26,000
• Catastrophic Restoration 50,000
• Depreciation 140,000
TOTAL SEWER FUND EXPENDITURES $415,300