2013/14 Recommended Budget - City of St. George

ENTERPRISE FUND REGIONAL WASTEWATER TREATMENT
CITY OF ST. GEORGE
GOVERNMENTAL UNIT
2013-2014
FISCAL YEAR
Prior Year Current Year Next Year
Account Description Actual Estimate Budget
Number 2012 2013 2014
OPERATING REVENUE
Charges for Service 8,015,592 4,317,850 4,325,000
Interest Earned 132,962 137,810 120,000
Other: _______________ 100,895 53,901 51,000
TOTAL OPERATING REVENUE 8,249,449 4,509,561 4,496,000
OPERATING EXPENSES
Personnel Services 1,442,496 1,306,231 1,455,123
Contractual Services
Materials & Supplies 1,438,119 1,204,605 1,612,000
Depreciation 1,483,187 1,500,000 1,500,000
Other: ______________
TOTAL OPERATING EXPENSE 4,363,802 4,010,836 4,567,123
OPERATING INCOME (LOSS) 3,885,647 498,725 (71,123)
NON-OPERATING REVENUE (EXPENSE)
TRANSFERS:
Impact Fees 901,186 787,370 775,000
Interest Expense (166,428) (205,425) (160,525)
Operating Trans. from ____________fund
Contrib. from Others
Operating Trans. to _General_______fund (650,000) (650,000) (750,000)
Trans. to _2010 Flood__fund (204,000)
NET INCOME (LOSS) 3,970,405 226,670 (206,648)
CASH OPERATING NEEDS:
Net Income (Loss) 3,970,405 226,670 (206,648)
Plus: Depreciation 1,483,187 1,500,000 1,500,000
Less: Premium on Bonds/Loss on Bond Refunding (185,830)
Less: Major Improvements & Capital Outlay (954,319) (1,994,957) (1,078,998)
Bond Principle Payments (2,169,000) (1,040,000) (1,080,000)
TOTAL CASH PROVIDED (REQUIRED) 2,144,443 (1,308,287) (865,646)
CASHFLOW STATEMENT RECON. 437,058
SOURCE OF CASH REQUIRED:
Cash Balance at Beginning of Year 34,685,230 37,266,731 35,958,444
Invest. & Other Curr. Assts to be Conv.
Federal Grants
Issuance of Bonds & Other Debt
TOTAL CASH REQUIRED 37,266,731 35,958,444 35,092,798
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