2013/14 Recommended Budget - City of St. George

CITY OF ST. GEORGE
GOVERNMENTAL UNIT
2013-2014
FISCAL YEAR
ENTERPRISE FUND ENERGY SERVICES
Prior Year Current Year Next Year
Account Description Actual Estimate Budget
Number 2012 2013 2014
OPERATING REVENUE
Charges for Service 54,450,360 55,972,058 57,604,595
Interest Earned 17,933 28,000 25,000
Other: _______________ 310,227 584,556 360,231
TOTAL OPERATING REVENUE 54,778,520 56,584,614 57,989,826
OPERATING EXPENSES
Personnel Services 4,720,548 4,559,364 4,785,621
Contractual Services Energy & Natural Gas Purchased 42,617,877 43,137,156 43,316,040
Materials & Supplies 2,174,197 1,908,072 2,133,824
Depreciation 6,369,528 6,300,000 6,300,000
Other: ______________
TOTAL OPERATING EXPENSE 55,882,150 55,904,592 56,535,485
OPERATING INCOME (LOSS) (1,103,630) 680,022 1,454,341
NON-OPERATING REVENUE (EXPENSE)
TRANSFERS:
Impact Fees 1,161,102 1,042,831 1,100,000
Interest Expense (2,983,877) (2,955,091) (2,889,666)
Operating Trans. from ____________fund
Contrib. from Others
Operating Trans. to _General_______fund (1,400,000) (1,500,000) (1,650,000)
Transfer to 2010 Flood fund (185,000)
NET INCOME (LOSS) (4,326,405) (2,917,238) (1,985,325)
CASH OPERATING NEEDS:
Net Income (Loss) (4,326,405) (2,917,238) (1,985,325)
Plus: Depreciation 6,369,528 6,300,000 6,300,000
Less: Premium on Bonds Issued (38,131)
Less: Major Improvements & Capital Outlay (1,072,455) (1,362,826) (1,584,731)
Bond Principle Payments (1,645,000) (1,730,000) (1,785,000)
TOTAL CASH PROVIDED (REQUIRED) (712,463) 289,936 944,944
CASHFLOW STATEMENT RECON. (4,152,007)
SOURCE OF CASH REQUIRED:
Cash Balance at Beginning of Year 6,220,547 1,356,077 1,646,013
Invest. & Other Curr. Assts to be Conv.
Issuance of Bonds & Other Debt
TOTAL CASH REQUIRED 1,356,077 1,646,013 2,590,957
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