Resolution 2810-06
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RESOLUTION NO. 2810-06
A RESOLUTION OF THE BOARD OF DIRECTORS
OF THE SOUTH TAHOE PUBLIC UTILITY DISTRICT
ADOPTING THE BUDGET FOR THE WATER ENTERPRISE FUND
FOR FISCAL YEAR 2006 - 2007
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6 WHEREAS, on May 4, 2006, the Board of Directors of the South Tahoe Public
7 Utility District held a public meeting and exhibits of the Water Enterprise Fund Budget
8 for the Fiscal Year 2006 - 2007 were made public.
9 NOW, THEREFORE BE IT RESOLVED, by the Board of Directors of the South
10 Tahoe Public Utility District that:
The attached budget in the amount of $18,923,849 is adopted for the Fiscal Year
12 beginning July 1, 2006 and ending June 30, 2007.
13 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
Tahoe Public Utility District at a regular meeting duly held on the 18th day of May 2006,
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by the following vote:
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Directors Jones, Schafer, Comte, Mosbacher
None
AYES:
18 NOES:
19 ABSENT:
Director Wallace
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ATTEST:
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Kathy Sha Clerk of the Biard
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BEGINNING CASH BALANCES (1)
REVENUES (2)
BORROWINGS
AVAIlABLE FUNDS
SALARIES (3)
BENEFITS (3)
OPERATIONS & MAINTENANCE (3)
CAPITAL OUTLAY
DEBT SERVICE 4
TOTAL CASH OUTLAYS
BALANCE BEFORE TRANSFERS
CAPITAL OUTLAY FUND TRANSFERS
ACCRUAL TO CASH ADJUSTMENT
MTBE CONTAMINATION/RATE STABILIZATION FUNDS
OPERATING AND CAPITAL OUTLAY RESERVES
RESERVED FOR MTBE REMEDIATION 5
RATE STABILIZATION RESERVE 5
TOTAL RESERVE BALANCES
AMORTIZATION (NON-CASH ITEM)
DEPRECIATION (NON-CASH ITEM)
2002103
ACTUAL
ENTERPRISE
FUND
1,314,999
40,013,545
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41,328,544
1,935,240
982,002
12,139,128
620,942
15,677,311
25,651.233
-22,770,978
-70,784
2,809,471
2,809,471
9,506
1,021,586
SOUTH TAHOE puC uTILITY DISTRICT
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WATER BUDGET SUMMARY
NOTES:
(1) A cash reserve equal to two months of costs is maintained for operations. The remaining cash is
designated for Capital Outlay projects, MTBE Remediation and Rate Stabilization.
(2) Enterprise Fund revenue is from customer service charges and Capital Outlay Reserve revenue
is from connection fees, Capital Improvement Charge, grants, and borrowings.
(3) Capital Outlay includes the Engineering Dept. Enterprise Fund contains all other departments.
(4) Interest expense is paid from the Enterprise Fund. Principal is paid from the Capital Outlay Reserve.
(5) In 2002-03 and thereafter, MTBE settlement proceeds are reserved for MTBE related projects
and expenses.