Rezultati

continued improvements to the data network and $25,000 for repairs to kitchen and bathroomsareas at Moratoc Park.Debt ServiceNo new debt service is scheduled in the FY 2013-14 Budget.Water Districts 1 & 2Water Districts 1 & 2 are Enterprise Funds, which are traditionally run more “like a business”.Revenues in Water District 1 are covering debt service payments and expenses. Leftover fundsare being used to pay back the County’s General Fund, which has loaned funds to the districtover the years. At June 30, 2012, District 1 owed the General Fund $526,636.Revenues in Water District 2 are not covering debt service payments and expenses. WaterDistrict #2 is a younger district and has more debt. At June 30, 2012, Water District 2 had$297,000 more in expenses than revenues for the year. At June 30, 2012, Water District 2 owedthe General Fund $1,173,106. With the increase in rates from FY 2012-13 and the proposedrates for FY 2013-14, the expected shortfall in Water District 2 has decreased from $297,000 in2011-12 to $66,723 in FY 2013-14.Due to the fact that one water district is not meeting expenses, both water districts owesubstantial funds to the County General Fund, and neither districts have any capital reserves forfuture needs, the Water Districts Advisory Board unanimously approved a recommendation onMarch 18, 2013 to increase the base water rate from $30 to $34. They recommendedmaintenance of the usage fee at $5.00 per 1,000 gallons.The current average water bill is $44.50 for Water District 1 and $43.15 for Water District 2.With the proposed increase in the base rate, the average bill should be $48.50 for Water District1 and $47.15 for Water District 2.Looking AheadA number of issues with budget implications are in the foreseeable future for Martin County.The Board of Commissioners may want to keep these items in mind in preparation for the FY2013-14 Budget process. These issues include the following:1. Continued use of the County’s savings at the current level is not sustainable in the longrun.2. Expect further cuts in federal and state spending as those governments deal with theirown budget issues / federal sequestration.3. One specific issue involved with federal sequestration is the federal government coverageof the interest payments on the middle school financing. Eight hundred fourteenthousand, five hundred dollars($814,500) in annual interest payments for the new middleschool are being paid through the Quality School Construction Bond (QSCB) program.Sequestration caused Martin County and Martin County Schools to split a small portion