Loading...
Budget Message r' BUDGET MESSAGE FY 1976-77 TIGARD WATER DISTRICT During the present fiscal year the water district has been on the accrual versus a cash basis in its accounting and budgetary method. This method of accounting was recommended by the auditor and was approved for implementation on July 1, 1975. The accrual method of accounting is utilized for the new fiscal year 1976-77. The financial policies of the water district will remain the same as in past years. The proposed budget recommends no increase in consumer rates, tax rates, or meter charges. Consumer rates were increased 25% in April 1975. Meter installation charges were increased substantially on Jan- uary 1, 1976. While it is proposed that the tax rate will not be revenue of $17,800 changed from 384 per $1,000, additional/for bonded indebtedness will be realized due to higher assessed valuations of real property. Also, more revenue will be received from a larger volume of water sales. On May 25, 1976 the constituents of the water district will be afforded the opportunity to vote for a General Obligation bond issue of $1.9 million. These funds are programmed to provide a 10 million gallon terminal reservoir, transmission mains, pipe replacements, and land for future reservoir sites. The proposed budget assumes that this bond issue will pass and funds have been appropriated accordingly. If the bond issue fails, the Budget Committee or Board of Commissioners has two alternatives. Either the measure should be resubmitted to the voters later in the fiscal year or deleted. While the water district is in no crisis situation at the present time it could well be by 1978 when the reservoir capacity is needed and required by the Oregon State Health Division. A 10 MG reservoir will provide adequate storage capacity until about 1990. la BUDGET MESSAGE (Continued) It should be noted that if the budget is approved and the bond issue subsequently fails, a simple transfer of $170,000 from the Bond Sinking Fund to "Pipe Replacements and Extensions" would reestablish an accurate budget. This could be accomplished by either the Budget Committee or the Board of Commissioners. Summarized preliminary budget documents for the General Fund and the proposed Bond Construction Fund have been prepared for the next fiscal year and are shown on the opposite side of this folder. Sup- porting documents are also enclosed following this budget message. It should be emphasized that the budget document is a financial guide only and, when approved, legally authorizes the Board of Commissioners to expend funds in certain categories. It does not authorize the staff to expend any funds. Approval of individual appropriations is accom- plished at regular monthly meetings by the Board of Commissioners. There are certain "built-in" expenses that one cannot do much about, such as costs for basic salaries, maintenance, insurance, elections, gasoline, office supplies, electricity, bond sinking fund, etc. Sup- porting documents to justify incomes and expenditures which have a marked effect upon the budget, as a whole, are enclosed. These are: GENERAL FUND Income Meter Installations 20% Water Sales 65% Miscellaneous 15% 100% Expenditures Now, Salaries 22% Water Costs 18% Equipment 6% Bond Sinking Fund 28% Miscellaneous 26% 100% 2a t� BUDGET MESSAGE (Continued) Approval of fair and equitable salary increases is usually a con- troversial issue. A review of the procedures is considered appropriate. Employee's salaries are reviewed only once a year at budget time. Each individual is provided an opportunity to express an opinion on the amount he or she should receive for the next fiscal year. Realistic and salary recommendations are requested from each employee/it is emphasized that the Budget Committee does not care to play the "cat and mouse" game where an employee asks for a very large increase in pay, hopeful of obtaining perhaps half of the requested amount. These salary requests are reviewed by John Miller, Foreman, except for office employees. He usually reduces the requested amount. These recommendations are then forwarded to the Administrator where the salaries are adjusted (usually VOW reduced again) to the final amounts deemed truly acceptable for the pro- per administration of the district, and fair to both the public and the individual. In summary, the salaries recommended have been "whacked" twice already prior to submission to the Budget Committee. The employees of the water district are not unionized and they do not have representation before the Budget Committee. The Budget Commit- tee must, therefore, ensure that the employee's needs are considered as as well/those of the public. Generally, an 8% cost-of-living increase in basic pay has been pro- posed for all employees. Very little consideration was given to additional pay for merit and outstanding performance which the Budget Committee may desire to pursue. The public can be assured that they are obtaining their money's worth from the water district employees. All employees do a creditable job and morale is very high. 3a r, BUDGET MESSAGE (Continued) "rMr A factor that could have a major impact upon the proposed budget is the pending lawsuit with the City of Lake Oswego pertaining to the cost of wholesale water. It is due for a hearing on April 29, 1976 in the Multnomah County Courthouse. This budget has been prepared for the worst possible condition in which the Tigard Water District loses the lawsuit. My opinion as to the outcome is contrary to this posi- tion. The most significant capital improvement from the General Fund for the next fiscal year will be the drilling of a 5th deep well. This appears to be a sound financial investment as well as providing more independence for a water supply. The existing outstanding debt will be reduced from $1,386,000 to $1,285,000 on July 1, 1977. The new $1.9 million bond issue will accrue an additional liability of about $170,000 per year for 20 years. About one-half of this annual payment of $170,000 will be derived from funds in the General Fund normally used for pipe replacements. In lieu thereof, a portion of the bond issue will support the pipe replacement program which will be completed within 3 years. The Tigard Water District is presently a first class water district and is fast becoming outstanding in every respect. The customers can be assured of continued excellent service with the lowest rates in Washington County of those water purveyors who must import water. The proposed budget document is fiscally responsible and is a significant step toward achieving the long range goals of the district. Respectfully submitted: ,i Gene H. Chamberlin Budget Officer 4a