Resolution 2809-06
1
\., 2
3
4
5
6
~
\..;
RESOLUTION NO. 2809-06
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
ADOPTING THE BUDGET FOR THE SewER ENTERPRISE FUND
FOR FISCAL YEAR 2006 - 2007
WHEREAS, on May 4,2006, the Board of Directors of the South Tahoe Public
8 Utility District held a public meeting and exhibits of the Sewer Enterprise Fund Budget
9 for the Fiscal Year 2006 -2007 were made public.
NOW, THEREFORE BE IT RESOLVED, by the Board of Directors of the South
Tahoe Public Utility District that:
The attached budget in the amount of $24,520,076 is adopted for the Fiscal Year
beginning July 1, 2006 and ending June 30, 2007.
We the undersigned, do hereby certify that the above and foregoing resolution
14 was duly and regularly adopted and passed by the Board of Directors of the South
15 Tahoe Public Utility District at a regular meeting duly held on the 18th day of May 2006,
16 by the following vote:
7
10
11
12
13
17
18 AYES: Directors Jones, Schafer, Comte, Mosbacher
19 NOES: None
20 ABSENT:Director Wallace
21
22
23
24
25
26
27
28
29
30
ATTEST:
=d.u~~~
Kathy Sharp erk of the ard
('
SOUTH TAHOE PUt: UTILITY DISTRICT
r
SEWER BUDGET SUMMARY
BALANCE BEFORE TRANSFERS
CAPITAL OUTLAY FUND TRANSFERS
ACCRUAL TO CASH ADJUSTMENT
RATE STABILIZATION FUND TRANSFERS
OPERATING AND CAPITAL OUTLAY RESERVES 4
2002103
ACTUAL
ENTERPRISE
FUND
1 ,453,429
12,999,338
o
14,452,767
BEGINNING CASH BALANCES
REVENUES (1)
BORROWINGS
AVAILABLE FUNDS
SALARIES (2)
BENEFITS (2)
OPERATIONS & MAINTENANCE (2)
CAPITAL OUTLAY
DEBT SERVICE 3
TOTAL CASH OUTLAYS
RATE STABILIZATION FUND 5
TOTAL RESERVE BALANCES
AMORTIZATION (NON-CASH ITEM)
DEPRECIATION (NON-CASH ITEM)
NOTES:
(1) Enterprise Fund revenue is from customer service charges and Capital Outlay Reserve revenue
is from capacity fees and grants. Borrowings fund capital improvements.
(2) Capital Outlay includes the Engineering Dept. Enterprise Fund contains all other departments.
(3) Interest expense is paid from the Enterprise Fund. Principal is paid from the Capital Outlay Reserve.
(4) A cash reserve equal to two months of costs is maintained for operations. The remaining cash is
designated for Capital Outlay projects.
(5) The Board established the Rate Stabilization Fund (RSF) on April 15, 2004. In the event of a large and sudden
loss of revenue or increase in costs these funds will be used to avoid dramatic changes in sewer
service charge rates.