2009-10 Adopted Budget - City of Hoquiam

Overview:N. Watershed Reserve Fund - #402The Watershed Reserve fund accounts for all financial activity related to the operationof the City’s 6,110 acre watershed. Revenue and appropriation information issummarized on the adjacent page.Overall, the fund is projected to begin 2009 with a $750,000 beginning cash balanceand generate $1,200,000 in revenues in 2009 and $2,000,000 in 2010, primarily fromcontract log sales. Appropriations include a $75,000 transfer to the Transmission LineReserve Fund. Per Council resolution, 5% of all timber sales are transferred to thisfund.With the budget as currently presented, the Watershed is projected to end 2010 with a$1,242,750 cash balance.Revenues:The Watershed revenues come almost exclusively from timber sales. During the 2009-2010 Biennium, there are two such sales planned: one in 2009 and one in 2010. Thesesales are projected to produce $1,200,000 in 2009 and $2,000,000 in 2010.Appropriations and Transfers out:Almost all watershed revenues are transferred out to other funds in support of utilitycapital improvements. In 2009, a transfer of $726,550 is budgeted to the Water, Sewerand Storm fund to help fund capital projects primarily of which are two new lines acrossthe Hoquiam River.In 2010, a transfer of $1,289,955 is budgeted to the Water, Sewer and Storm fund insupport of capital improvements. Please see the individual department sections or theCapital section for more detail concerning capital projects.106